MLM Passive Income

Is buying a business the best way to generate passive income? I have between 300-500k to invest. I am looking for the best investment that will build me a great passive income stream. I have been looking into established car washes. I have also been looking into real estate income properties but i feel i will get much better returns on a business. Any help or advise would be great. Also are there any books you would recommend on the topic?

where can I get training on starting a sucessful internest business for passive income? What are some workshop or one on one coaching programs?

How does a business owner move from making a wage, to making passive income? I was wondering about the legal and/or accounting aspects of when a business owner wants to stop pulling a wage from their company, instead make passive income. Does anyone know the benifits or pitfalls of doing this.

Ideas for passive-income business? I'm going to start a part-time business that doesn't require my presence, is automated, and is cash-based. I'm soliciting your best ideas on how to accomplish that. The best idea's I've come up with on my own so far are: 1. Soda / Snack Machine(s) 2. Laundromat 3. Self-Serve Car Wash Anything to add to my list? Are you one of the rare genuises who can think outside the box? I'm impressed, Bob. Want me to put some of your non-essential money to good use? ;)

Any free internet business to earn passive income which is not a scam & why you recommend ?

What are the best online business opportunities to generate passive/residual income?

Do You Want A Business Opportunity to Earn Passive Income $20k/month In 3-5 years? Dear my business partner, Here is your opportunity to start a joint venture business with one of the public listed company in main board at Malaysia. This is a great opportunity for me and you as well! I make up my mind to join as my PART TIME BUSINESS. This business is flexible in terms of working time and place. I can do it any time and place!! Just invite your family, friends, business partners and any people that you know to join up this business! As simple as drinking water!! I have a big dream about this business career….. plan to push it for 3-5 years….thereafter I will retired and enjoy my life with the permanent monthly PASSIVE INCOME at least RM20,000 and above….. until the day I pass away and I can also transfer this income to my son!!….. The fantastic point is this passive income will keep increasing every month!! Maybe you will think to start a business it will cost you a lot of money. Is wrong in this business!! To start up this business, it just cost you less than RM100 ONLY!!! This is my great opportunity!! I’m sure this is YOUR OPPORTUNITY too!!! I believe I can success! I am sure YOU CAN ALSO SUCCESS by grab this opportunity!!! Because I believe you are the BEST SALE & MARKETING PEOPLE that I know from your profession. Believe me, to success, this is the ONLY WAY!! I already choose to join it, how about you?? The job is simple, this is the business regarding the online selling daily consume products to any body you know or do not know!! This means it is an international business!! If you want to know more about the business details & business plan, you are most welcome to CALL/SMS me at +6016-2033399 for meeting appointment. For overseas partner you can always reach me at my email: cwtiong78@yahoo.com and my skype: cwtiong78 or my msn: cwtiong78. Tqvm. Best Regards, Dennis Tiong

If My business generates 21k per week what could I do with the cash to generate a passive income of 4k a week?

Can part of the Commissions received by an Insurance Agent be considered passive income not subject to SE tax? I am curious to know if an Insurance Agent, who receives 1099misc Box 7 Income from the company to which they broker for, is all subject to self-employment tax. Certainly a portion of the income received would be for new business and active participation, but the rest of the income would be from residuals for policies written in years past that don't require much if any effort on the part of the agent. Is there a revenue ruling or other precedence set in allowing a portion of the income to be passive and therefore not subject to Self-Employment taxes?

Tell me an internet business i can join that generate USD$2,000.00/month or more passive income? Kindly help me join a passive income program on the internet.

How do I develop more passive income? I want unique ideas to generate passive income. No mlm or shemes, surveys, or other useless crap. I am open to good ideas for a business, but it has to be minimal or no effort for maximum return. To give an idea of what I mean, I bought a peice of machinery that I lease out to a company, I make payments, but they are far less than what I earn from it. Things of this nature. Yes real estate, yes investing, but I am looking for unconventional or interesting ways.

Can I generate passive income in an underdeveloped country? I have loaded myself with information related to money management and how to make money work for me, at least the theoretical part. My intention is to make serious steps for creating figures with passive income, thing is I'm living in a underdeveloped country with poor economic system and poor access to internet. I'm from south america, Paraguay. Is there any change to set up an online business or the sort? people make money out of direct sales only, but everybody gets sick of working for money, dont they?

Any ideas on how to make great passive income? I need to make some great passive income. Any ideas on bonds, stocks, mutual funds, businesses, other, anything I can do?? Please, no online blogs or searches. I don't like those. Thank you!

What is thebest passive income, is rental property a good investment? I want to be able to have income which offsets my expenses, but have few business skills and really am not likely to buy a franchise as I am not a people person. If I bought property for income and possible resale what kind, or maybe wait on this?

Cheap ways to create passive income? I recently read the old self-help book "Rich Dad, Poor Dad" and I really like the idea of having sources of passive income. The author talks a lot about real estate and buying businesses, but that's a bit out of my price range right now. And I've already invested in some stocks. What are some cheaper ways of creating a steady source of passive income for a poor novice such as myself? Perhaps something that costs somewhere between $100 to $5,000? I have a job. Don't be lame and state the obvious.

What "BUSINESS" should I begin that will generate "PASSIVE" income? Budget is $5000.?

What is the easiest source of passive income? What is the easiest (and cheapest) way to set up a source of income that doesn't involve working everyday? You know like starting a business, rental property investment etc. but with little or no initial investment Not that I'm not willing to work, I just don't want to be chained to the desk all the time, I want something that will give me more freedom, not less.

interest -passive investment income or biz profit for a foreign financial institution who conduct biz in US? interest from us source received by a foreign persons are usually treated as passive investment income thus taxed @ a flat 30% but how about the foreign persons who are doing financial business in usa? The rule applys? or should i treat it as business profits? if so what is the deduction?

Minimizing tax from unneeded money in order to generate steady passive income? Take this situation: Young, independent person has a salaried income of say $80,000 from a normal job. They also earn say $100,000 from a personal business. They lose 38% or more of the $100,000 business income to income tax. My question is - if that person clearly doesn't need immediate access to that extra $100k of business income each year, what are their options for converting it into a passive source of income with the least tax paid. Only looking for completely legal advice of course. Below are some options / questions as I understand it: a) Voluntary contributions to super - but then you don't get access to the money for a long time? b) Is it possible for the business to buy income producing assets such as shares or property, or will that not have any effect on the income tax? c) Is is possible for the business to buy long-term consumables, and then sell them later on?

Rental Property: Production of Income or Trade or Business Rental Income? Once the property is converted to rental propert from principal residence, what qualifies Production of Income or Trade or Business Rental Income? Rental is passive in nature, but if someone decides to rent out their principal residence, what authoritative guidelines must be followed to decide on the proper treatment of income?

Anybody here on yahoo answers making 1k or more in passive income? (Please dont respond if your not making more than 1k in passive income) If you are, how did you get started? What type of asset is it? business, real estate, dividends? If its business what type of business is it? And how much money are you currently making per month of this asset? please don't give advice if you don't know what you are talking about... Muncie: follow this link.. then tell me what earned, passive, captail gains incomes are... http://ezinearticles.com/?Understanding-the-Three-Different-Types-of-Income&id=42046

How do I find people who would like to own their own business on the internet who would work with me on one? I would like to expand my business outside of Toronto and Canada through people who desire to own their own business. The hard part is finding people who are willing to build a business from the ground up in a team environment and who are willing to be consistent contributors to building the business. I am looking for people who desire to fulfill personal dreams through business ownership that creates passive income. For those who are tired of working for someone or have hit the ceiling in their line of work and for those that are just interested I have a website they can check out upon request. I will answer all questions no matter what they are. Tim At the request of a response, here is the website: www.quixtar.com click on the sailboat picture where is says "find out how" and read the information. Than email me at mmug72@yahoo.ca and I will help you get started. I am interested in people who dream big since I find them to be self - motivated people who are prone to success. Thank you to all who have responded! Tim

Is direct selling / MLM, Real estate investment and Stock market investment all subjected to income tax? Best answer 10 points! All active or earned income from employment and business are subjected to income tax. Do passive income from real estate and stock and direct selling business / MLM subjected to income tax? Note: Forget about stock and real estate capital gain tax because there is none in Malaysia.

What kind of marketing to look for working at home business, home based business in internet marketing? Does anyone ever try http://www.onlinemarketing2you.com, to study marketing and making passive income from home based business using internet marketing knowledge?

passive income question easy 10? Most of my money is from earned income and some of it is capital gains. However, I would like to start making money from passive income. What would be some investment ideas from passive income, I know starting your own business is one, but what kind of business? What will bring a stream of income and long term profits? Any ideas...

How do most people who get rich ($1M passive income) get rich? Do the rich generally inherit it all? Are they all vets of sucessfully employed get-rich-quick schemes? Did they make money through businesses? Real-estate? Are they just tight with their money and save everything? Are they mostly sucessful sports stars? I hear so many stories of wealthy people, but I wonder how the average wealthy guy got there?

Where I can get 500K dollars loan to buy a business, wiht a prime of 5k-7k/month? I want to buy a business to get a passive income. Excuse me, I should write a loan with INSTALLMENTS and not primes. (I'm so poor in english..) So my question is: Where I can get 500K dollar loan to buy a business, with installments (included rent) of 5k-8k/month?

what is an easy way to make passive income? Business venture entrepreneurial venture

how to use $5000 to make passive income? a business or investment, that can generate 200-500 dollars a month without me working over 5 hours a month on it? any ideas?

What is more powerful income active or passive and why? ."The Cashflow Quadrant," concept entails 4 groups, split with 2 lines (1 vertical & horizontal, Active Income left E-S & Passive Income right B- I). letter representing a way in which an individual may earn income. .E: Employee-Working for someone else S: Self-employed or Small business owner -person owns his own job and is his own boss. B: Business owner — Where a person owns a "system" of making money, rather than a job to make money. I: Investor — Spending money in order to receive a larger payout in return. 20 % wealth distributed on the left quadrant (E and S),. Conversely, 80% wealth distributed on the right quadrant (B and I) and are supposedly following the only road to true. An income stream falling into this category is one where money is received usually on a regular basis, without continuing effort.This does not mean no effort at all; most passive income streams require great effort to start with..So, passive income is more powerful and hence we should have it.

How exactly would you get PASSIVE income from your "Ideas''? How exactly would you get PASSIVE income from your "Ideas''? i got alot of very good Invention, business,etc Ideas but how can i sell them to huge companies like Walt Disney, Sony, Coca cola,etc..? i would be making ''Passive income or Residuals'' since they are my ''Property'' good example would be let's say coca cola uses one of my ideas and makes $50 Million a year and my share is %30 percent?? what would you do, if u had a bunch of IDEAS like an AVATAR?? how would u sell them get ROYALTIES? tell me everything u can, patents,etc?? the entire process?? i wanna do it in the way were the ''IDEAS'' are my property and i get the MOST FOR THE BANG!! ** GIVEN I WANNA STAY LOW-PROFILE**

What are some serious suggestions for generating PASSIVE residual income? What are some businesses (other than multi-marketing businesses) will have this effect? I'm ready to get started! this is a serious question. Please respond with serious answers only.

Why are people so against homeschooling? I'm 15, homeschooled and it ROCKS!!! I now own and run a small business with passive income (It deals with electronic sales), get higher SAT scores than my peers and I have colleges checking me out. Many of my fellow homeschooling peers get this as well, yet so many people are against homeschooling. Oh yes, and don't give me crap about anti-socialism. That's the biggest load of BS! I am in Speech/Debate, martial arts, tennis, Boy Scouts, co-ops and run my business. Don't say I'm not socialized or others are. So many of my friends take part in these activities....... Why go against homeschooling?

What types of online business opportunities are scams? I have heard so much about different types of online business "schemes", such as MLM, pyramid schemes, etc. that my head is spinning. I would like to work from home, at least part time, and want one that would generate passive/residual income. What should I avoid?

Where to look for business ideas? I have a bit of money to spend on new business ventures (up to $50k) but im stuck on new innovative ideas. Where can i find some sources for new business. Im looking for something that will generate a passive income, preferably online. And something that is new or different

Where can I find entrepreneurs ready to take action? I have just got involved with a company from Europe who offers a global e-commerce business with unlimited passive income potential and no products to sell, they launch here in the US this weekend, but need others to assist me. The capital investment to start is very low and there is no website to manage or maintain and no products to sell, consume or ship. Any ideas?

I want To Earn Profit of INR 30000 per month in Passive income.? Condition-dont want to gamble, no share market or 8-7 job, Maximum investment- INR 5,00,000 Suggest ideas or business & Pro or cons +Time frame required to start making profit.

Do conservatives know that raising the taxe rates on top brackets and passive income will spur the economy? Raising the rates of capital gains will discourage short term investing over long term investing as well as general monkey business in the market; raising dividend tax rates will nip dividend payments in the bud and take the pressure off of companies to that they can make longer term plans. Raising the rates on the top brackets will push capital into more aggressive investments that will spur technological innovation and create family wage paying jobs for workers as opposed to simply sitting safe in low yield bonds or other risk averse investment tools. Why would anyone oppose this?

I am 17 and I believe that investing in business, etc. will make you richer... not as an employee only, agree? Ok.. well, I am 17 years old and here is what I have done so far, I have invested in mutual funds and I have no regret and I will not back out despite the fact that it is a bearish market. I will only add funds if I have extra and also, I am planning to buy a condominium to give me an extra passive income all from my savings... And I saved my money by not buying luxury things... well... not for now... maybe later after I established a name for myself and earn a lot of money already... For the condominium, I will pay the downpayment only and receive passive income by pursuing my business plan for it... I graduated salutatorian in high school and learned quite a few more things like AUTOCAD, Programming, business books and later on, I will study stock trading. I am currently taking up Nursing and I am goinf to be 2nd year college next AY... Do you also believe that investing will make a person richer than when he/she is just an employee? What about if he/she is a dcotor? I just want to make a difference... To be "unique" among my peers... THe worst I can be is to be the same as everyone else... I know how to sacrifice now and take the fruits of my labor later.. I did have lots of sacrifices to obtain the amount I needed for an investment. And all of my savings are only for investment purposes.. Nothing else... No cars, no mobile phones(since I already have my old but useful Sony Ericsson mobile phone), etc... Will also take up Medicine later on in life but, besides being a doctor, i have investments which is additional backup..

Is Xthreem Inc a scam business? Xthreem sells e-educational and guarantees passive income to their buyers.Is the business they are offereing a scam?

For Form 1065, Schedule K-1, why is ordinary income showing up also on Line 14, Self-employment earnings? I understand why the ordinary business income is where it is on Line 1, but why does it also show up on the Line 14, Self-employment earnings? The LLC is owned 100% by one person, non-passive, and manager. I'm using TaxAct, so the field is being calculated for me. I just would like to understand it.

Entrepreneurs, Business owners, college grads? I am a college student and I want to find a way to set up passive income. I want to start a business of my own, not a get rich quick scheme, a legitimate business. I have no Idea what in particular, I am guessing an online business is the way to go, I just dont know how/ where to start. Any input is appreciated.

Passive vs Non-Passive activities? I have a s-corporation which I get salary w-2 125,000 yearly and the remaining Net income (about 25,000) from my s-corp comes to my 1040. Now is the 25,000 should be reported on SchE page 2 as a passive income or non passive income. I know that i have participated in business that's why i get the 125k but the 25k from net should be passive... please help me

Individual Income Taxes True/False help? 1. Passive losses are fully deductible as long as they do not exceed $50,000 during the year. 2. Net losses on the rental of vacation homes are limited to 15 percent of total gross income. 3. Dividend income is considered "passive income." 4. Wages are considered "active income." 5. A deduction for a business bad debt is allowed only to the extent that income related to the debt was previously included in taxable income. 6. A taxpayer who adopts the LIFO method of inventory valuation for tax purposes may use the FIFO method for preparing financial statements. 7. If a taxpayer receives an early distribution from an IRA due to disability, he or she will not be subject to a penalty. 8. The taxpayer must use either the FIFO or LIFO method of valuing inventory, depending upon which method reflects the actual goods the taxpayer has on hand. 9. In some cases, a taxpayer may deduct an otherwise allowable contribution to an IRA, even though the contribution is made after the close of the tax year. 10. Once the election to use the LIFO inventory method has been made by a taxpayer, the inventory method may be changed only with the consent of the IRS. 11. Most taxpayers must use the specific charge-off method in calculating the bad debt deduction. 12. Subject to the annual dollar limitation and the earned income limitation, deductible IRA contributions are allowed for all taxpayers who do not participate in a qualified retirement plan. 13. A taxpayer must make contributions to a regular or Roth IRA prior to the end of the year in order to claim the deduction for that year. 14. If under 50 years of age, a taxpayer may make a nondeductible contribution to an IRA, subject to the earned income limitation and the $5,000 annual limitation. 15. In most cases, a taxpayer reports rental income and the related expenses on Schedule E. 16. When a residence is rented for less than 15 days during the year, the rental income is excluded from gross income. 17. If a residence is rented for 15 days or more and is used for personal purposes for not more than 14 days or 10 percent of the days rented, whichever is greater, no allocation of expenses is required and the taxpayer may claim a deduction for the full amount of the expenses. 18. Without regard to their involvement in the management of the rental property, individual taxpayers may deduct up to $25,000 of rental real estate losses against other income, provided their income does not exceed certain limits. 19. Under the passive loss rules, real estate rental activities are specifically defined as passive, even if the taxpayer actively manages the property. 20. Passive losses of one activity may not be used to offset passive income from another activity.

I Would Like to Put This Out to The Universe Is There a Better Way? I Want to Win The Lottery and I Want to Own a Successful Business That Will Continue to Provide an Ongoing Source of Passive Income for the Rest of My Life. This will allow me to live my life the way I want and also allow me to financially help my family and friends.

Is it worth investing your time money effort in world's leading "network marketing "system which is 50 yr old? Owning your own business with absolutely no capital investment, passive income leading to financial independence are the few which appeals me.

1. Passive losses are fully deductible as long as they do not exceed $50,000 during the year.? 1. Passive losses are fully deductible as long as they do not exceed $50,000 during the year. A) True B) False 2. Wages are considered "active income." A) True B) False 3. A deduction for a business bad debt is allowed only to the extent that income related to the debt was previously included in taxable income. A) True B) False 4. A taxpayer who adopts the LIFO method of inventory valuation for tax purposes may use the FIFO method for preparing financial statements. A) True B) False 5. If a taxpayer receives an early distribution from an IRA due to disability, he or she will not be subject to a penalty. A) True 1. Passive losses are fully dedu B) False 6. In some cases, a taxpayer may deduct an otherwise allowable contribution to an IRA, even though the contribution is made after the close of the tax year. A) True B) False 7. Most taxpayers must use the specific charge-off method in calculating the bad debt deduction. A) True B) False 8. Subject to the annual dollar limitation and the earned income limitation, deductible IRA contributions are allowed for all taxpayers who do not participate in a qualified retirement plan. A) True B) False 9. A taxpayer must make contributions to a regular or Roth IRA prior to the end of the year in order to claim the deduction for that year. A) True B) False 10. If under 50 years of age, a taxpayer may make a nondeductible contribution to an IRA, subject to the earned income limitation and the $5,000 annual limitation. A) True B) False 11. In most cases, a taxpayer reports rental income and the related expenses on Schedule E. A) True B) False 12. When a residence is rented for less than 15 days during the year, the rental income is excluded from gross income. A) True B) False 13. If a residence is rented for 15 days or more and is used for personal purposes for not more than 14 days or 10 percent of the days rented, whichever is greater, no allocation of expenses is required and the taxpayer may claim a deduction for the full amount of the expenses. A) True B) False 14. Without regard to their involvement in the management of the rental property, individual taxpayers may deduct up to $25,000 of rental real estate losses against other income, provided their income does not exceed certain limits. A) True B) False 15. Under the passive loss rules, real estate rental activities are specifically defined as passive, even if the taxpayer actively manages the property. A) True B) False 16. Passive losses of one activity may not be used to offset passive income from another activity. A) True B) False 17. When a taxpayer uses the FIFO inventory valuation method, the assumption on which the method is based is that the inventory on hand at the end of the year consists of the most recently acquired items. A) True B) False 18. Since a contribution to an IRA is a voluntary action, a taxpayer may withdraw amounts from an IRA at any time without penalty. A) True B) False 19. If an employer makes a contribution to a qualified retirement plan on behalf of an employee, the amount is currently deductible by the employer, and the employee must include the amount in gross income at the time the contribution is made. A) True B) False 20. If a Section 401(k) plan allows an employee to choose between a direct payment of compensation in cash or a contribution to the retirement plan, the plan is not a "qualified" plan. A) True B) False 21. In order for a pension plan to be considered a "qualified" retirement plan, the plan must satisfy certain minimum vesting requirements. A) True B) False 22. Under the specific charge-off method, a deduction for a bad debt is taken when the debt is determined to be worthless. A) True B) False 23. In 2010, all taxpayers may make a deductible or nondeductible contribution to an IRA. A) True B) False 24. In a distribution rollover from an IRA, the recipient must contribute 80 percent of the distributed amount to the new trustee in order for the rollover to be tax free. A) True B) False 25. Net operating losses may be carried forward indefinitely. A) True B) False 1. F 2. T 3. T 4. F 5. T 6. F 7. T 8. F 9. F 10. F 11. F 12. T 13. T 14. F 15.T 16. T 17. F 18. T 19. T 20. F 21. F 22. T 23. F 24. T 25. T

Can someone help me decide about the following online business? In an attempt to create some passive income I have been searching for a legitimate online business. I do not want to lose another dollar buying a business that does not work. This guy sounds so sincere and genuine that I am prepared to give him a try. The thing is the internet is so full of scams I am appealing to you for your help. If anyone has tried this business or knows of some one that has tried this business please advise me. The website address is as follows: (just copy it and paste it in your browser) http://www.cashautosystem.com

Was anyone nervous when they started their own business? I am in the process of starting a vending machine business. I have done all the research I could do and feel comfortable launching this type of business. I know that it requires just as much hard work and effort as any other business. Can anyone provide some real life advice (not book knowledge) for starting a small business? I have a Bachelors of Science in Accounting with a minor in Finance and I'm tired of working in corporate america. I would like to start a business that allows me to have a stream of passive income so that I could spend more time enjoying life instead of working all the time. Preferably, I would like people who have experience in small businesses related to what I want to do respond but I will take any advice I can get from any small business owners.

passive income and non-passive income? In the year of 2008, Sam has a Limited Partnership business and gain $12000, Under his name, he also has AGI from non-passive income 110000 suspended loss from this business 22000 passive loss activities 4500 how to get the AGI at the end of the year.

Which of these 3 sites do you recommend most? (e-Business Only)? I'm 26 years old and pride myself on being an Entreprenuer and an Internet Marketer. I have wasted thousands on home business schemes and am now engaged and trying to create a real ebusiness that works. I am torn between 3 websites that offer what I am looking for in a home business: 6StepNicheSites.com - A Free guide that teaches you how to make niche blog sites that make you passive income through Adsense and Affiliate programs. SiteBuildIt.com - A complete Business In A Box program that teaches you everything about ebusiness and has all the tools to help you build a legit niche business online. FirePow.com - A brand new time saving system that allows you to put up tons of niche blog sites and make money through Adsense and Affiliate programs. Basically I wish I could do all of them but I'm under a lot of pressure to start something and I don't like wishy washy crap...if I make a decision I like to go all the way. So please if you have any insight into these 3 sites please let me know what you recommend. Finally...DO NOT post links to outside schemes or opportunities. I am ONLY interested in the ones listed here. Please also answer ONLY if you have real working knowledge! Thanks!

Does site build it really work? I am looking to start a successful internet business to provide me with some passive income, I heard site build it is perfect for this. Does it work? Thanks.

business opportuniy? Does anyone have any ideas what kind of business I could make in australia?? Im a 26 years old female who's sick just live from active indome. I need some passive income as well. Please anyone advise me... Thanks

my question is in regards to Rental Income and responsibilities for taxes, etc. as it relates to the IRS.? Scenario is as follows. If a person (home owner - residing in the home) opts to rent out rooms in said home under a room rental/ shared home scenario - is the income from said rent to be reported to the IRS using a Schedule C and the form 8829 Business Use of Home or is it to be reported on a Schedule E? Included in the rent is utilities, washer dryer usuage, telephone, and all paper products and cleaning supplies as a means to curtail the whose turn is it to buy this time, etc. and kitchen and bathroom cleaning and overall house shared rooms cleaning was also provided in room rental agreement, lawn and trash, etc. Next step in my question is as follows... if after first renting out rooms in the home; and reporting the income and expenses using (which I think would have been correct) Schedule C and 8829 Business Use of Home ... the home owner then opts to leave the home entirely and rent out the whole house (no longer owner occupied) and as such files that next year income taxes using Schedule E (rental income not in a shared home rental income situation) then opts to return back into said home the following year and once again do Room rental in a shared home situation .. does the home owner then return back to using Schedule C and 8829 as Business Use of Home and which if any of the said please is Active or Passive Income. Thanks :) thanks for input jim. for clarification .. yes. room rental business was owner participated income i would think eh' as not only was the home owner providing the cleaning of all shared spaces in the home .. kitchen, bathrooms, living room, dinning room, etc... shared both between the tenants and the home owner .. but the private rooms of the tenants themselves were cleaned and vacumed wkly by the home owner. when the property transitioned on a short term basis to renter only occupied .. one lease/ whole house .. the involvement of the home owner of course lessened. down to periodic property drive byes', etc. then of course upon Owner returning back to property after whole house lease ended .. and began again the room rental/ house share .. seems indeed Owner was very active and indeed active income; cleaning the rooms, etc. hope that additional info. helps to better clairfy. has your answer now changed perhaps? fyi ..total shared square footage of home *square footage divi ided by 2 for the shared areas and then adding in the private bedroom areas of the room renters totaled 57% of the over all home square feet. house is a big home with 4 bedrooms 2 full baths and 4 floors. 13 rooms in all. thanks. thank you for your comment regarding "simply to share cost". this is indeed the situation. might you please direct me to somewhere on the IRS web site where it states this please .. as am able to locate explainations of reference for income and expenses for room rental in shared home enviroment which says you report on schedule c .. and deduct expenses for business use of home on the 8829. thanks much. :)

Honestly, why are conservatives so motivated to suppress wages at any cost? Seriously! All we want is what our parents had! Heck, some of our own parents don't even have what our parents had. I've worked with many boomers who landed on their feet but couldn't bounce back. Don't conservatives understand if we could keep our American dream no one would care how much the Big Folks made? Or shareholders? Those in the passive income earning business want more, more more while expecting those in the active income earning business to get less and less. Skirt the confrontation and your problems go away. Why is that so difficult? i already HAVE worked harder than my parents did. As have many in my generation. So there.

Best Place to Market Real Estate Investing Services to Professionals in IL? I am a new broker and my firm, I work for offers real estate investing services to professionals such as doctors, lawyers, accountants, entrepreneurs, business owners, and investors. I am looking for a way to maximize our visability for the services we provide in IL to investors looking to purchase real estate for the passive income, flipping income, and depreciation it offers. What would be the best venues to pursue to reach my target audience that would give me the best bang for my buck?

I am thinking of buying a tanning salon business in Calgary for about 50 K.Are tanning businesses lucrative? I spoke with the seller and she said that they did a volume of 110K last year with 96 K overhead ( I think this inculdes labour costs. ) I'd really like to have my own business that is not high maintainence, but it sounds like this business is not making lots of money. Does any one know of a successful tanning salon owner making at least 50K net take-home? Do you know any disaster stories? Why did they happen? I basically want to maintian this business and set it up so that I can use it as a stream of passive income. Any thoughts?

Anybody willing to REALLY help a young aspiring woman out with SEO for her business? Help get on top of google? Don't jump to conclusions yet. Let me explain please. I am a minor and I have created a website/business for myself and I am an affiliate marketer. My keyword term gets thousands of searches a month and i own the domain of that search term. I have worked very hard and I want to keep on working hard so I can make a passive income and live my life and my dreams. I want to change the world and make my life the best possible and I don't want to work a 9-5 job. I feel like I'm at a different level than my friends, all they talk about is boys, clothes and stupid things when I'm all about life and I want to change the world. To do this I need to get myself ahead of the game. I have been working extremely hard and I am quite proud of myself but its all a little overwhelming with all the things I need to do and then on top of that 8 hours of homework a day. I have a lot more things to do to my site but right now I really need traffic. I would like to work my way to the top of google when someone searches my search term (same as my domain). I really need help with seo and maybe writing small articles. I don't just need tips I need some straight to the point answers on like change this on your website and change this, and contact this person and whatever else. Writing articles with keywords that revolve around my main one or just links to my site would be wonderful. I am asking for someones help and it might be a lot to ask for nothing in return, but in return u will of helped the world, ik my job here on earth is to affect postiviely all the people in the world and if you can help me on this, you will help a a young girl follow her dreams and you will also be apart of chaning the world. I'm not trying to persuade you into helping me, I'm really telling you what I believe and feel. If there is anyone out there who is willing to help my follow my dreams please answer to this and then contact me and I will tell you more. If anyone does answer and says yes, I seriously won't ever be able to thank you enough. I want to be proactive in my life and I'm reaching out to the world for help. thank you for considering and live ur life.

Is there a legitimate way of making money other than the scams already in place? I am looking for a sustainable business opportunity that provides easy marketing methods and generates a stream of passive income, but I'm not willing to pay for it.

What is your opinion on Fact Check and Tax Policy Center’s analysis of Obama's business tax plan ? "McCain has repeatedly claimed that Obama would raise tax rates for 23 million small-business owners. It's a false and preposterously inflated figure. The actual number of business owners who would be affected turns out to be well under a million, and the number of employers would be even less. Based on the number of taxpayers who now report any sort of business income on their returns, the Urban-Brookings Tax Policy Center projects that 663,608 taxpayers with business income, or business losses, will fall into the top two tax brackets in 2009, when any Obama tax changes would first take effect. Not all of those can properly be called "small-business owners," however. Some are farmers. Many are lawyers, accountants or other professionals who get some of their income in the form of partnership distributions. Others may be passive investors in real-estate partnerships or similar investment arrangements and not really persons who own and manage a business. ...The vast majority of those that McCain is counting as small-business owners have no employees and wouldn't encounter any added costs for covering workers." http://www.factcheck.org/elections-2008/mccains_small-business_bunk.html http://www.taxpolicycenter.org/UploadedPDF/411749_updated_candidates.pdf Libsticker: Assumption #1 is not addressed by the TPC analysis, but your assumption #2 is. You should read the thing in its entirety before making judgment. NEITHER candidate will be able to accomplish their proposals without raising taxes.

Schedule K-1, At Risk, Passive Question? I am a partner in an LLC that started in 2006 and we have issued two Schedule K-1's: the first year showed a business loss and the second showed a business income. It is a 50/50 partnership but the money used to start the business was borrowed from the partner's family. He just paid for any type of start up expense when needed: signage, furniture, etc. The company pays back the loan each month with sales income we have both generated so I am responsible for the repayment for part of the loan. I have always materially participated in the business. Question: does the loss incured in the first year go against my 2006 AGI or is it carried over to 2007? WIll I report 2007 Schedule K-1 as income or does it offset the loss from 2006? I'm a little confused on what constitues a passive activity and an at risk activity. Our K-1's have never shown any type of capital or liabilities for either partner. ????

What is more powerful income active or passive and why? ."The Cashflow Quadrant," concept entails 4 groups, split with 2 lines (1 vertical & horizontal, Active Income left E-S & Passive Income right B- I). letter representing a way in which an individual may earn income. .E: Employee-Working for someone else S: Self-employed or Small business owner -person owns his own job and is his own boss. B: Business owner — Where a person owns a "system" of making money, rather than a job to make money. I: Investor — Spending money in order to receive a larger payout in return. 20 % wealth distributed on the left quadrant (E and S),. Conversely, 80% wealth distributed on the right quadrant (B and I) and are supposedly following the only road to true. An income stream falling into this category is one where money is received usually on a regular basis, without continuing effort.This does not mean no effort at all; most passive income streams require great effort to start with..So, passive income is more powerful and hence we should have it.

How to start a business with very little to no money? Me and a friend are in our freshman year of college, we've really grown fond of the idea of starting a business, but the idea is very developmental so far. I am just wondering what all do you need to start a business, say we have like 300$ and we both still live with our parents etc etc. Our main idea is to start a passive income web-based business, we're both very novice to the whole business concept and we're taking it seriously. We've got a business journal, writing down all possible business ideas, etc. Mostly I just wonder how you get these kinds of things set up, and bank accounts that have money deposited to the account automatically from any funds you get from advertising on the website(s), etc. Thanks! I know this is very vague, me and my friend just came up with the idea and I'm trying to do all the research I can before we pull the trigger on the first one. (Also, how do start a business with a Business Partner? Like, me and my friend both be owners of the business or whatnot. )

Schedule K-1, At Risk Activity, Passive ???? I am a partner in an LLC that started in 2006 and we have issued two Schedule K-1's: the first year showed a business loss and the second showed a business income. It is a 50/50 partnership but the money used to start the business was borrowed from the partner's family. He just paid for any type of start up expense when needed: signage, furniture, etc. The company pays back the loan each month with sales income we have both generated so I am responsible for the repayment for part of the loan. I have always materially participated in the business. Question: does the loss incured in the first year go against my 2006 AGI or is it carried over to 2007? WIll I report 2007 Schedule K-1 as income or does it offset the loss from 2006? I'm a little confused on what constitues a passive activity and an at risk activity. Our K-1's have never shown any type of capital or liabilities for either partner. ????

Anyone want to earn from an online business where the company does everything for you? Im earning good from an online business, an Indian company which shows the plan on our behalf and closes the sales for us, we just have 2 submit contact nos of people interested to do home based business and we might not know those people directly also but the company does the rest for us, we profit getting Rs 4300 when someone from our directly generated phone number joins and Rs 2150 when our indirects join and the indirect income is passive income till infinity for more info go to www.cashbharat.com and on the top right hand corner click on " click here to download presentation" in red and see it and get back 2 me on 09831702819 if interested, I have payment proof too.

What is multy level marketing ? Is it legal ?Is it ethical ? Please give some detais and examples.? Some claim one can get "passive income" by just selling one product. Products cost 10 times more than the open market value. Each buyer is a business owner. Even a hair dresser has to have a licence but to do MLM no one needs permission/ licence from federal state or local governments and need not pay taxes on their business.Business men are a closed circuit body and mostly work online

Network Marketing requirements? I am a high school freshman and I was just wondering what the education requirements were to join a network marketing company are? Does it take any college? Any degrees? I want to join a network marketing company when I graduate high school so I can learn some business skills and create some passive income. Rich Dad Poor Dad recommended this. Any advice?

If you were me, how you go back to college? I quit college when back when I was 21, I’m 24, and I still don’t think I should go back to college. Now, even my parents have gotten used to the idea I can’t afford to go to college. It was because of the show The Apprentice I was sure I made the right decision, looking at how people with just high-school degrees where more clever and sometimes more successful than Ivy Leaguers. I’ve been working real hard. I’ve been jumping from company to company going to the one that offers me more money. I’ve worked 3 full time jobs and about 18 part time jobs on these 3 years, buying and reselling stuff as on my spare time, and having 1 or 2 part-time jobs one the side. Right now, just on my full time job, I’m making more money than most college graduates my age, and most 30 year olds in my company. I’ve saved for 3 years. Now I have enough money to start my own business. I need to put all my efforts on this new business, and college just seems like a BIG waste of my time just as it did 3 years ago. Does anyone think I should go back to college, or keep on with my plan of having a business, and getting some passive income, and then when I’m about 30 finish college just to have a college degree.

Are businesses such as Storage Units, Car Washes, & Laundry Mats Good Investments? I am 22 years old and finishing up college. I have a boat load of college debt however I dont want student debt to stop me from pursueing investments. I am currently a finance major and I work at an investment management firm, so i am learning a ton. I am mostly working and going to school for knowledge and experience to apply in real world business instead of a normal 9 to 5 job. I have set up the goal to obtain either a small rental property or small business investment that will generate passive income a year from now. I am very attracted to businesses like car washes, storage units and laundry mats. For those of you EXPERIENCED in business, how do you feel about these businesses for a beginner in the investment arena? Over this next year I will be workign on establishing a well rounded budget, getting rid of my consumer debt besides student loans (about 4k) and saving $8,000 between my fiance and I for our first investment. We are also spending as much time as possible researching and learning as much as we can about rental properties, and investing. At the same time I am currently in the process of re-building a family business, so a lot of valuable experience is coming from this as well. How does this plan sound? How do you feel about the 3 small business investment choices I mentioned?

How can I achieve my dream? I am single and prefer to remain single. I want to buy a very nice used jimmy/ford explorer. And save like 5000-10000 dollars. And just throw a sleeping bag in the back and my dog and just go....and I wanna be like a vagabond with no rent payment, and I wanna be able to earn a passive income with some sort of business I can run from my laptop while on the road, then when my money piles up as a result of my frugality maybe I will buy a house and get a girl. What sort of business should I look into? well no offense martin but you are the one with the towel on your head. no martin, what I am saying is that the thing on your head looks like a cheap towel from a motel 6, if I lived in a desert climate I would most certainly wear a nice head garment to protect me from the sun, or to observe a spiritual practice, but that thing looks like a towel, couldn't you find a better north african/middle eastern/south asian headpiece than that on all of yahoo avatars?