Stop Donating your Money to the IRS!
You earn money, but most of it is evaporating in taxes. You pay huge sums to your tax consultant, but you are not happy about his ‘highly impersonal’ services. Finally, you give up with a sigh.
You sign the return, pay the taxes and turn to your normal routine.
Why? Why Donate Your Money to IRS?
As a tax consultant for over 25 years I get surprised by the approach of many people towards tax planning.
In fact, for Americans, taxes are their number one expense – usually exceeding payments for food, lodging, clothing and transportation together. According to the IRS, Americans and Business owners generally overpay $320,000,000 a year in excess tax! So you may be paying more taxes than you are required to!
Still most of the people want to keep away from planning their tax strategies. They just leave it to their accountant. They are prepared to spend hours on phone for a $50 overcharge by credit card Company, but they are not prepared to spend even a few minutes to learn simple, yet valuable tips to save thousands of dollars from their taxes!
Its time to wake up and keep aside your misconceptions about tax planning.
Understand the little known tax secrets!
My approach is easy as pie. Everything is explained with the help of examples, pictures and no technical analysis involved.
If you are doing a business from home, full time or part time, you can deduct, with proper documentation, your household expenses, your business vacations, your car expenses and food with colleagues if you can combine it with appropriate amount of business.
How to deduct medical expenses of you and your spouse; how to deduct education and even wedding expenses of your children from your business!
Your car is a tax deduction machine! You are usually qualified to claim a tax deduction for the use of your personal vehicle for business purposes.
How to convert your cruise vacation into a deductible business expense? This is an excellent way of mixing business with pleasure.
You can claim a big part of your home related expenses – insurance (homeowners and mortgage), repairs and maintenance, utilities and services, depreciation, security system, rent (if you don’t own your home) etc. towards business use. These expenses you are already paying as home expenses!
Yes, you can deduct expenses on fun! Learn how to claim the cost of entertaining business contacts at nightclubs, restaurants, theaters, sporting events, hunting, fishing etc.
How to shield yourself from the IRS weapon of classifying a business as a hobby?
Your lunches and dinners with colleagues and associates can be considered ‘a deductible business expense’!
Your personal travel expenses (even overseas) can be converted into business expense!
‘Stop Donating Your Money to IRS’ is so fat with resources, hundreds of tips and suggestions on all the above topics, that the only way to truly understand the power of it is to experience it.
