PASSIVE INCOME
Friday, October 16, 2009
According to Wikipedia, Passive Income is a rent received on a regular basis, with little effort required to maintain it.
The American Internal Revenue Service categorizes income into three broad types, active (earned) income, passive income, and portfolio income.
It defines passive income as income from "trade or business activities in which you do not materially participate."
Passive income is usually taxable.
In a nutshell, PASSIVE INCOME is earnings from a business that does not require direct involvement from the owner or merchant.
If you are seeking ways to earn passive income via an internet/home-based business, contact me ASAP. You could be on your way to passive income TODAY!
Contact Lisa @ Lisa.Wilmore@comcast.net and change your financial future NOW.
