HIT HARD BY TAXES THIS YEAR?
YOU NEED TO START A HOME-BASED BUSINESS!
Former IRS Attorney Reveals
How To Dramatically Slash Your Taxes
When April 15th rolled around this year, did you feel like you’d been sucker punched by the IRS? You’re not alone. Millions of Americans shelled out tax money they could have saved—if they only had a home-based business. That’s the bad news. The good news is there’s still time to significantly lower your 2007 taxes if you act now.
When trying to determine how to best manage your expenses as a couple, a home-base business can make April a completely different type of month. The tax savings are hefty, not to mention the other perks. And it’s all legal.
“Starting a home-based business is one of the smartest things you can do to lower your taxes and save money,” says former IRS attorney and best-selling author Sandy Botkin, CPA, Esq. “A home-based business allows you to take deductions for expenses you pay anyway. And the benefits are far-reaching for families who are struggling. In this day and age, it’s nearly impossible for families to survive on one paycheck, but the cost of sending both parents off to work is high—both financially and emotionally.”
In his best-selling book, Lower Your Taxes—Big Time!, Botkin reveals some startling information about the true cost of being an employee. Not only is job security a thing of the past, workers are fighting an uphill battle because tax laws are working against them.
“Under recent tax laws employees are shafted more than ever with limits and thresholds for their employee deductions and higher social security tax limits,” says Botkin. “This results in more households with both parents working than ever before and often, working more than one job. Today many households need three incomes to stay afloat.”
Botkin urges readers to figure out what it really costs them to work outside of their homes. “For example, add up the cost of your dry cleaning bills, lunches, gas, wear and tear on your vehicle and child care and you’ll probably be disgusted at what you truly clear for net income,” says Botkin. “Factor in the stress factor of a daily commute, your boss, and the frustration of not spending enough time with your family and it’s pretty clear that tax savings aren’t the only benefit to starting a home-based business. The emotional impact on your family can be huge.”
While most of us would be intimidated reading a book about taxes, LOWER YOUR TAXES—BIG TIME! is different. Each concise chapter outlines a specific strategy for lowering your taxes. Botkin explains the rules behind each strategy and doesn’t get bogged down in confusing lingo. And he uses real-life scenarios and questions. For example, when is a meal a deductible business expense? Or if you conduct business out of town, what part of the trip is deductible?
LOWER YOUR TAXES—BIG TIME! can show you:
- Why a home-based business can lower your taxes BIG TIME
- How to deduct your fun (golf, sporting tickets, movies)
- How to turn your vacation into a tax-deductible write-off
- How to use ‘income-shifting’ to save the equivalent of your kids’ college education
- How to understand all the tax planning and credits for educational expenses
- The 24 questions you need to ask to evaluate an accountant
- How to turn your car into a tax-deductible goldmine
- How to beat a dreaded IRS audit
- How to incorporate your business to shelter your wealth:
- Why to form a Nevada corporation
- How to eliminate up to 40% of your Social Security and Medicare tax
- How to get assets and money into a corporation tax-free
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