Showing posts with label lower your taxes big tiime. Show all posts
Showing posts with label lower your taxes big tiime. Show all posts

Saturday, March 7, 2009

Network Marketers, MLMers

#1 tax question asked
"Is my monthly autoship tax deductible?"

No. Your monthly autoship is not tax deductible.
The thought is the products are consumed by you or can be sold.

For more information read Sandy Botkin's book " Lower Your Taxes Big Time"

Tuesday, February 10, 2009

Tax tip #9 ways to reduce your chances of an audit

1. Mail your return by federal express
2. Send all changes of address to the IRS
3. Use the IRS pre-addressed label
4. Have a neat tax return
5. File elections that you are entitled to
6. Make sure all of your income is reported
7. Have a tax preparer prepare your return
8. Separate your 1099 income from your other income
9. Keep records of expert advise you received

I am not a CPA. Please consult.
"Lower Your Taxes Big Time" by Sandy Botkin is a great resource book.

Wednesday, January 28, 2009

Tax Tip # 6>> Meal tips

When you are out at a business meeting luncheon (or any time) your tips are 100% tax deductible.

*Always consult a tax attorney or CPA. "Lower Your Taxes Big Time" by Sandy Botkin is a great resource.