Tax Saving Advice will help you with the best investment in America right now. A home based business. Uncle Sam will pay for your business setup by allowing generous tax deductions for self employed business owners. However, there are 2 mistakes that most home based business owners make.

The first mistake is Poor Record Keeping. This includes lost receipts or no receips at all, no mileage logs and no deposit records. The IRS will not allow your deductions without proper documentation.

The second mistake is Not Knowing What You Can Deduct. The tax code is large and complex, so it's hard to know what you can and can't deduct.

For example, your car is a goldmine. In all likelihood, your car represents your largest single source of potential tax reduction. So legally writing off a significant portion of your automobile costs can put thousands of dollars of tax savings in your pocket. And it is possible to deduct your commuting mileage if your home qualifies as a place of business and you meet the 4 step IRS criteria. If your commute is 30 miles a day, that is a potential 7 to 8 thousand miles a year in extra deductions. That could put $1000-$1500 of tax savings in your pocket. Why not use some tax saving advice and take advantage of all the legal deductions you are entitled to take.