Home based business

[ncsumd]

I am considering a part-time business out of my home(I am currently employed full time elsewhere). What kind of tax breaks can I get with a home based business?, and how should my business be organized? Where can I find information on this subject?

 

[loku]

Starting a business

I would suggest that you use the following link to our material on starting a business. It will give you a good general idea of what is involved and what form of business to use:
http://business-law.freeadvice.com/starting_a_business/

After reading that, go to the excellent IRS site on new business: http://www.irs.gov/smallbiz/newbusiness/index.htm?industry=New+Business

If you have any questions after using both sites, please post them.