How to Lower Your Income Taxes - Tax Deductions for Home Based Business Owners
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Learn How to Pay Less Income Tax with a Home Based Business
As an American I'm proud to pay my share of taxes... With everything going on in the world today I'm certain that I could be just as proud for half the price.
If you will take time to read this you will be introduced to valuable information that will show you how to leverage the Legal Tax Benefits of ANY Home Based Business, increase your after tax, take home income, and keep more of your hard earned dollars in your pocket.
See for yourself what tax experts like Ron Mueller have to say and subscribe to his free newsletter on his website.
Continue reading this webpage and you'll learn about a former IRS agent by the name of Sandy Botkin. Google his name and you'll see that Mr. Botkin is a tax attorney, CPA, and best selling author. He left the IRS to start The Tax Reduction Institute in Germantown, Maryland.
You'll also be reminded of some solid advice from Rich Dad Poor Dad author Robert Kyosaki.
Let's get started!
Ron Mueller's - HomeBasedTaxSavings.com
Learn How You Can Reduce Your Taxes to the Absolute Minimum
Here's a summary of what Ron Mueller says...
"You Can KEEP more of the MONEY Uncle Sam SWIPES from You Every Single Payday!!!
With a Home-Based Business you can slash your taxes by $300 to $600 per month, immediately!
These are NOT "loopholes," "tax dodges," or "tax avoidance schemes." They're honest, ethical, legal tax breaks, published in the IRS Tax Code, authorized by Congress, and approved by the Federal Tax Court.
A Home-Based Business could add $3,000 to $6,000 to your Tax refund year after year after year!"
QUALIFYING is EASY:
* Work your business 3 to 4 hours a week,
* Prove You're Trying to Make a Profit,
* Keep Good business Records.
If you will take time to read this you will be introduced to valuable information that will show you how to leverage the Legal Tax Benefits of ANY Home Based Business, increase your after tax, take home income, and keep more of your hard earned dollars in your pocket.
See for yourself what tax experts like Ron Mueller have to say and subscribe to his free newsletter on his website.
Continue reading this webpage and you'll learn about a former IRS agent by the name of Sandy Botkin. Google his name and you'll see that Mr. Botkin is a tax attorney, CPA, and best selling author. He left the IRS to start The Tax Reduction Institute in Germantown, Maryland.
You'll also be reminded of some solid advice from Rich Dad Poor Dad author Robert Kyosaki.
Let's get started!
Ron Mueller's - HomeBasedTaxSavings.com
Learn How You Can Reduce Your Taxes to the Absolute Minimum
Here's a summary of what Ron Mueller says...
"You Can KEEP more of the MONEY Uncle Sam SWIPES from You Every Single Payday!!!
With a Home-Based Business you can slash your taxes by $300 to $600 per month, immediately!
These are NOT "loopholes," "tax dodges," or "tax avoidance schemes." They're honest, ethical, legal tax breaks, published in the IRS Tax Code, authorized by Congress, and approved by the Federal Tax Court.
A Home-Based Business could add $3,000 to $6,000 to your Tax refund year after year after year!"
QUALIFYING is EASY:
* Work your business 3 to 4 hours a week,
* Prove You're Trying to Make a Profit,
* Keep Good business Records.
Learn how to keep more of your hard earned dollars
Seek the advice of a trained tax professional with an expertise in small home-based business tax planning and you might not have to work a second job
Business ownership is one of the biggest tax strategies used by the wealthy to minimize their tax burdens. Business ownership is one of the last remaining ways for ordinary people to reduce the amount of income tax paid.CONSULT your own tax advisor before claiming tax deductions for any of your business ventures. There are provisions, rules for documentation, and some limitations on what you are legally able to claim.
By becoming better educated about taxes, home based business owners will legally reduce the burden of income tax and keep more of their hard earned money.
You'll start to understand the basics of how the internal revenue system progressive income taxes works, and why it could be draining your bank account and what you can do about it now.
More tax strategies to consider
This could help you even if you already have a home based business
If you already have a home based business this could help you uncover overlooked deductions and strategies.
When you or your spouse have your own business full or part-time, your family could benefit today from the most powerful tax strategy available;
The home based business tax deduction.
Learn more about income shifting strategies. This is an opportunity to hire your spouse and/or children as bona fide employees for your home-based business, and deduct even more legitimate expenses.
Is this beginning to make sense? Rather than paying tuition or orthodontia expenses directly - why not legally employ your children, pay them fairly, and then let them pay the tuition or dentist bill?
No tuition or dentist bill? Lucky you. Are their any weddings in your future? Same deal.
How about this great idea from a local CPA... pay your children or grandchildren and have them contribute the earnings into a Roth IRA. Result: tax deduction for you & a tax favored retirement savings account for your children or grandchildren.
When you or your spouse have your own business full or part-time, your family could benefit today from the most powerful tax strategy available;
The home based business tax deduction.
Learn more about income shifting strategies. This is an opportunity to hire your spouse and/or children as bona fide employees for your home-based business, and deduct even more legitimate expenses.
Is this beginning to make sense? Rather than paying tuition or orthodontia expenses directly - why not legally employ your children, pay them fairly, and then let them pay the tuition or dentist bill?
No tuition or dentist bill? Lucky you. Are their any weddings in your future? Same deal.
How about this great idea from a local CPA... pay your children or grandchildren and have them contribute the earnings into a Roth IRA. Result: tax deduction for you & a tax favored retirement savings account for your children or grandchildren.
Starting a home based business vs. getting a second job
Home based business make twice as much on average and pay half as much in taxes
Starting a home-based business there could be definite tax advantages vs. getting a second job. Many people when faced with growing debt and income shortage are trying to deal with this by getting a second job, putting the kids in daycare and sending the a spouse back to work.
"The best means for the average taxpayer in America to reduce their income tax is to operate a home-based business." That is a quote from a former IRS agent by the name of Sandy Botkin. Mr. Botkin is a tax attorney, CPA, and author of many books on tax strategies.
"The best means for the average taxpayer in America to reduce their income tax is to operate a home-based business." That is a quote from a former IRS agent by the name of Sandy Botkin. Mr. Botkin is a tax attorney, CPA, and author of many books on tax strategies.
2008 Presidential Election
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There are two sets of tax laws in the United States
One is for the employed and the other is for business owners
Have you heard it said that there are two sets of Tax Laws in the United States?
It's absolutely true. Here's a simple explanation.
"One is for the informed, and the other is for the uninformed." One is for employees. The other is for corporations, small business, and home-based business owners who conduct their business either part or full-time.
Tax system for employees
The timing of when expenses are deducted is very important.
Individuals, single, married, or head of household, who work and earn a paycheck 1) earns 2) pay taxes 3) live on what is left.
In other words, if you are an employee, your pay your expenses AFTER taxes are subtracted. Mostly every living expense is not a deduction, and some such as medical expenses must exceed a percentage of earned income.
Compare This to the Tax System for Business Owners
Business expenses are deducted BEFORE taxes are calculated. Understand the order and the importance of this difference and you're one step closer to financial freedom. A business owner 1) earns 2) deducts their legal business expenses, and 3) is taxed on anything that is left.
Again, the difference is the timing of where the deductions are claimed - before or after the tax is calculated. Don't read any further until you understand this concept.
It's absolutely true. Here's a simple explanation.
"One is for the informed, and the other is for the uninformed." One is for employees. The other is for corporations, small business, and home-based business owners who conduct their business either part or full-time.
Tax system for employees
The timing of when expenses are deducted is very important.
Individuals, single, married, or head of household, who work and earn a paycheck 1) earns 2) pay taxes 3) live on what is left.
In other words, if you are an employee, your pay your expenses AFTER taxes are subtracted. Mostly every living expense is not a deduction, and some such as medical expenses must exceed a percentage of earned income.
Compare This to the Tax System for Business Owners
Business expenses are deducted BEFORE taxes are calculated. Understand the order and the importance of this difference and you're one step closer to financial freedom. A business owner 1) earns 2) deducts their legal business expenses, and 3) is taxed on anything that is left.
Again, the difference is the timing of where the deductions are claimed - before or after the tax is calculated. Don't read any further until you understand this concept.
Taxes will likely remain a heavy burden for the middle class
We can't rely on politicians to significantly lower taxes - at least not anytime soon
The first step to change is recognizing the problem
Taxes will likely remain to be a heavy burden for the working middle class. This is true no matter which candidate wins the 2008 presidential election.
There are social and political reasons that the middle class is heavily taxed and why nothing is likely going to change, any time soon.
Barack Obama's democratic tax proposal will definitely raise taxes for many taxpayers.
I don't see how John McCain's tax agenda could be any different, can you?
Do you understand that average workers today work five or six months for the government before they make enough to pay for their taxes.
Did you ever realize that you owed that much of your success to the government?
Conclusion
Everybody has access to the same information.
Some will read this and do nothing. Please seek professional advice from a home based tax expert and make sure that you have proper documentation for your deductions.
Does this make sense for your personal situation or anybody that you know?
Talk to a home based business tax expert or call me and I'll share with you how to get a free 30 minute tax consultation with a home based tax specialist.
My toll-free phone number is 888-927-3223
Taxes will likely remain to be a heavy burden for the working middle class. This is true no matter which candidate wins the 2008 presidential election.
There are social and political reasons that the middle class is heavily taxed and why nothing is likely going to change, any time soon.
Barack Obama's democratic tax proposal will definitely raise taxes for many taxpayers.
I don't see how John McCain's tax agenda could be any different, can you?
Do you understand that average workers today work five or six months for the government before they make enough to pay for their taxes.
Did you ever realize that you owed that much of your success to the government?
Conclusion
Everybody has access to the same information.
Some will read this and do nothing. Please seek professional advice from a home based tax expert and make sure that you have proper documentation for your deductions.
Does this make sense for your personal situation or anybody that you know?
Talk to a home based business tax expert or call me and I'll share with you how to get a free 30 minute tax consultation with a home based tax specialist.
My toll-free phone number is 888-927-3223
More Online Resources to Help With Your Business or Career
Contact Information with free consultation offer
More Online Resources to Help You With Your Home Based Business
Career Planner - Advice for People in Career Transition since 1998
Career Planning Advice
Lead Generation Strategies - Learn How to Use the Internet to Attract Customers
Click Here For Free Training
Blackbelt Recruiting - Learn How to Recruit 10 Reps Per Month for Any Network Marketing Business
Click Here to Watch a Free Training Video
Learn How to Turn Your Passion for Outdoor Adventure into a Money Maker
Click Here to Learn More
How to Turn Fun into Fortune - Get Paid to Take Vacations
Click Here to Learn More
Call or email to schedule a free consultation or just to say hello!
marty.wewerka (at) gmail dot com
Toll-free 888-927-3223
May God bless you in your life & business!
California CST #205 7620-40
Career Planner - Advice for People in Career Transition since 1998
Career Planning Advice
Lead Generation Strategies - Learn How to Use the Internet to Attract Customers
Click Here For Free Training
Blackbelt Recruiting - Learn How to Recruit 10 Reps Per Month for Any Network Marketing Business
Click Here to Watch a Free Training Video
Learn How to Turn Your Passion for Outdoor Adventure into a Money Maker
Click Here to Learn More
How to Turn Fun into Fortune - Get Paid to Take Vacations
Click Here to Learn More
Call or email to schedule a free consultation or just to say hello!
marty.wewerka (at) gmail dot com
Toll-free 888-927-3223
May God bless you in your life & business!
California CST #205 7620-40
Lower Your Taxes Big-Time, 2007-2008 Edition
Learn from a former IRS agent
I strongly recommend this book Lower Your Taxes - Big Time, 2007-2008 edition.
Buy the book on Amazon. See for yourself how much taxes you are overpaying if you don't already have a home based business.
"I like this book because it lays out complex information in a way that the average person can understand. There are extremely thorough footnotes cross-referenced to the IRS Tax Code and other pertinent tax publication.
Here's a quote from Sandy Botkin, "...if you don't currently operate a home-based business you could be over paying your taxes by thousands of dollars each and every year."
The headline of Chapter One gave me a hint, "Why You Would Be Brain Dead Not to Have a Home Based Business, if You Don't Already Have One!"
The chapters on how to legally deduct my fun and vacations got my attention immediately as well.
Would you like to know how to legally deduct tuition or orthodontics for your children now or in the future? I did!
for a more complete explanation read chapter 4 in the book.
Hint: You may pay your children up to the amount of the standard deduction ($5,150 for 2006).
Amazon Error: Could not open remote connection
Rich Dad Poor Dad from Amazon
Included is a chapter on the history of taxes
One of the most important things in achieving wealth is learning how to legally reduce your taxes to the absolute minimum.
Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!
Amazon Price: $9.90 (as of 12/22/2009) 
by Network-Marketing-Info
Marty Wewerka is a former financial advisor. He teaches simple strategies to save taxes and build your wealth with your own home based business. (more)
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