I highly recommend spending 45 minutes today going through these articles and special reports I have put together for you as well as bookmarking (saving as a favorite) this webpage. They detail some of the most important and extremely lucrative tax strategies for internet business professionals. This could be the best 45 minutes you spend, resulting in ideas that could save you $1000's year after year in tax savings.

If you would like to suggest a tax related site you have found helpful, you can use the simple "suggestion form" on this site [Click Here].

(Each link opens up a new window so you can easily explore each article in this list.)

Business Tax Loopholes
This site offers an excellent tax saving manual with a complete listing of tax deductions and legal tax loopholes, many that are seldom used because small business owners just don't know about them. Would you like to turn your child's allowance into a tax deduction? Dozens of other great tips provided with specific examples in this manual.  

Estimated Quarterly Taxes
(You might hate them but you have to pay them)
If you are self-employed and earning a profit you have to make quarterly tax payments. This article takes you by the hand through the details of quarterly tax payments.  (link to TaxMama - this is a good site)

The ultimate tax shelter: owning your own business
How to make sure your business is a business and NOT a hobby in the eyes of the IRS.   (link to MSN Money)

Does The IRS Consider Your Business A Hobby
(from the Upline Journal)

You deserve a tax break on your home office costs
If your home is a place of business, many of your personal expenses can be deducted as business expenses. Here are tips on what qualifies for the home office deduction, and how to avoid an audit.  Plus,  if you plan on selling your home in the next 2 years, then claiming the home office deduction could mean you pay more in taxes... good information to consider for all homeowners.  (link to TaxMama)

More on the home office deduction (link to MSN Money)

Deducting your car expenses
All of the details on deducting your car for business purposes. Don't ignore this deduction... it can be worth $1000's in tax savings.  Also great advice on leasing versus buying from a tax standpoint.  (link to TaxMama)

More on car deductions
Also discover the special "tax loophole" for SUV owners.  (link to MSN Money)

The lucrative SUV (over 6000 pounds) tax loophole
(link to forbes.com)

You can combine business with pleasure, and deduct it, too
All of the details on deducting vacations as business trips. The IRS says you can deduct expenses for taking a business trip or business convention. And there's no reason the trip shouldn't coincide with your vacation.   (link to MSN Money)

Let the IRS entertain you and your clients
IRS rules for business-related meals, entertainment and gifts allow you substantial opportunities to convert personal expenses into deductions. These can mean an instant 14 to 20% savings!  (link to MSN Money)

MSAs offer self-employed a viable health care option
How the self-employed can use pre-tax money to pay for medical expenses (such as contact lenses and root canals) just like their friends who work for corporations.  (link to MSN Money)

Tax-deferred plans for small and home-based businesses
Which retirement plans are best for you. From IRAs to SEPs, retirement plans depend on your needs.  (link to MSN Money)

Other Resource Sites:

IRS's home page for Small Businesses and Self Employed
If you have a specific question this is the place to turn to. You can find all of the tax laws, forms and explanations. It might take a little work finding what you need, but it is there.  (links to irs.gov)

Essential Small Business Links
Large list of online resources for small business owners.  (links to smbiz.com)

Tax and Accounting Site Directory
Another directory of tax help for businesses.  (links to taxsites.com)

Yahoo's Tax Resource
This one is not specific to small businesses though.  (links to yahoo.com)