Tax Benefits
One of the many benefits of having a home business is the tax benefits. As soon as you upgrade to be a YL BP, you can take advantage of the tax benefits. All of your business expenses are tax deductible.
Keep this in mind as you are building your YL business. If you want to enroll in a training program, it’s deductible! If you create an email list & there are fees, it’s deductible! Giving out samples? It’s deductible!
You are required to claim your YL income & you will receive a 1099 from YL as an independent contractor on years where your income is above $600.
I am not a tax expert & cannot answer questions regarding your personal circumstances. Consult your tax professional.