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Tax evasion is a crime but tax avoidance is legal.
By Isabel M. Isidro Power HomeBiz Guides April 15 is drawing near. At best, you should have already have filed your taxes. If not, better start looking for those receipts and figuring out those exemptions to catch the tax-filing deadline. Home-based business operators should remember that tax rules, requirements and restrictions are sometimes different for businesses operated inside and outside the home. If your home is also your place of business, you may be entitled to deduct a portion of the operating expenses and the depreciation of your home.