So many of us have struggled for years, trying to make ends meet, going so far as to work two jobs, losing precious time with our families and even in some cases, jeopardizing our health. Many have tried to build a home business, only to end up spending more (of their already earned) money, than the home business ever brought in.
Fortunately, this does not need to happen anymore. Read On........
SPECIAL ALERT to Home-Based Business Owners...
Congress has passed laws giving THOUSANDS of DOLLARS in Tax REFUNDS and Tax DEDUCTIONS to average Americans who operate a legitimate home-based business – even a part time business – as long as they can prove they’re trying to make a profit.
Ronald R. MuellerMBA, Ph.D......
These are NOT “loopholes,” or “tax dodges” or “tax avoidance schemes.”
They are legitimate tax breaks... Authorized by Congress, Published in the IRS Code, and/or Approved by Federal Tax Court Rulings
Congress passed these tax laws to encourage home-based businesses because “Small business is the backbone of the American economy,” according to President George W. Bush.
The average American who runs even a part-time home-based business can now qualify for more tax advantages than any other category of taxpayer,” according to Ronald R. Mueller, author of the bestseller It’s How Much You KEEP, That Counts! Not how much you Make.
Why the big tax breaks for home-business owners???
Because 70% of the job growth is coming from small businesses, and Congress is “betting” that some of us will hit on a winner, strike it rich, and, then, pay a LOT in taxes. Of course we won't mind so much if we have to pay a lot in taxes if we're making a boatload of profits, right?
You can even qualify for these deductions retroactively! Most of the tax deductions and write-offs now available to taxpayers who run a small or home-based business, also apply to the past three tax years. So if you had a home-business in any of the past three years, you could file an Amended Tax Return (Form 1040X), and possibly get a Refund Check for THOUSANDS of DOLLARS – plus interest!
How Hard is it to QUALIFY for these Tax Deductions?
It’s easy!!! Just meet these four simple tests:
1.
Have a legitimate business such as consulting, network marketing, freelancing, child care, internet marketing, direct sales, etc.
2.
Prove you intend to make a profit You do not have to actually make a profit before qualifying to take these deductions, but you do have to show you intend to make a profit.
3.
Work your business on a “regular and consistent basis”At least 45-60 minutes a day, 4-5 days a week.
4.
Document your business Income, Expenses and ActivityBrief, hand written notes in a scheduling diary is usually enough
That’s it! If you meet those four tests, you probably qualify for some big-time home-based business tax deductions, which could reduce your taxes by thousands of dollars every year, for the rest of your working life!
Oh! It Gets Even BETTER!
When Congress approved these tax breaks, they told the IRS: “Don’t make people wait until April 15th to get their money back.”
As soon as you add up all of your tax savings, you can visit your employer’s payroll office to fill out a short form that will begin putting an extra $300-$600 or more per month in your take home pay! What would it be like to have $100 or so extra cash in your pocket every week, week after week? And that’s just from the tax savings! It doesn’t even include the money you’ll make in your home-based business.
There are tax breaks available to home-business owners, with precise IRS Code, Congressional Law or Tax Court Ruling that authorizes each one.
The easiest ways to qualify for each of the tax breaks, is a simple recordkeeping system that can bullet-proof your Tax Returns and knowing where to get reliable professional tax help when you need it.
When was the last time you earned $5,000 for spending 20-30 minutes looking at a web site?
Never?
Well, that’s about to change!
You see, the average person who uses the information you are about to discover, saves somewhere around $4,000 – $7,000 a year in taxes – that’s per year, for the rest of their working life!
These tax breaks, approved by Congress and the IRS, can put $100 extra cash in your pocket every week, by increasing your take-home pay from the job you already have – starting as soon as your very next paycheck!
P.S. What if You DON’T HAVE a Home-Based Business?
Simply said, you lose out on all the tax breaks you’ve just read about. The cost to NOT have a home-based business is about $20 per workday -- $100 per week - $5,000 per year - or more. And that’s every day, every week, and every year. That’s a lot of YOUR hard earned money that’s going to the Treasury Department, but could be going into your own pocket.
A home-based business offers the best tax savings strategy available to the average American, bar none.
Learn more about "How and Why" a Home Business will benefit YOU
www.WhyaHomeBusinessBenefits.com
Saturday, February 3, 2007
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