Are you paying more taxes than you have to There are more than nineteen million homebased businesses in the United Statesampmdash56 percent of all businessesampmdashand they generate 102 billion in annual revenue. As far as the IRS is concerned a home business is no different than any other business. But there is a difference not only can you deduct the business expenses that every business is entitled to you can turn personal nondeductible expenses into taxdeductible business expensesampmdashif you are careful to follow the rules. No tax software or accountant knows the details of your homebased business like you do and the IRS is certainly not going to tell you about a deduction you failed to take. This invaluable book not only lists the individual items that are deductible in your homebased businessampmdashfrom utilities to that part of the home where you workampmdashbut also explains where to list them on your income tax forms.