I've been an Amway distributor for some time, but I want to make sure I'm handling my taxes correctly. What kind of tax implications apply?

Amway distributors must report all income from sales and commissions on their tax returns. This covers retail sales, bonuses, and downline commissions. Maintain detailed records of your income and expenses, including deductions for business-related expenses such as advertising, travel, home office costs, and training. Consult a tax advisor for personalized advice, as deductions can vary depending on individual circumstances and location.

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