The Quixtar business

Quixtar's Independent Business Ownership Plan represents a profit-motivated business opportunity for individual entrepreneurs. Quixtar-powered IBOs, like other small-business owners engaged in a for-profit enterprise, are entitled to deduct expenses related to their business activities if the expenses are ordinary and necessary in carrying on the activity and all applicable Internal Revenue Code requirements (for U.S. IBOs) and Canada Customs & Revenue Agency (for Canadian IBOs) requirements are met.

Unfortunately, promoters of unscrupulous “tax relief” strategies often encourage individual taxpayers to deduct most, or all, of their personal expenses as business expenses by creating a home-based business. Quixtar does not advocate, nor does it support, such abusive tax behavior. In fact, Quixtar’s Rules of Conduct expressly prohibit IBOs from promoting the enjoyment of tax benefits as a principal reason for becoming an IBO. Quixtar-powered IBOs in general conduct their business affairs with the intent to make a profit and, in such cases, they may deduct only those business expenses allowed under the Internal Revenue Code or by the Canada Customs & Revenue Agency.