Lower Your Taxes - Big Time! 2007-2008 Edition
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From inside the book
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Page v
... Vacation into a Tax-Deductible Write-Off This chapter deals with how to deduct your travel and vacation expenses. It will put thousands in your pocket. 25 Chapter 4. Income Shifting and Income Splitting: One of the. Contents.
... Vacation into a Tax-Deductible Write-Off This chapter deals with how to deduct your travel and vacation expenses. It will put thousands in your pocket. 25 Chapter 4. Income Shifting and Income Splitting: One of the. Contents.
Page 4
... expenses. Yet she could have netted the entire $15,000 had she earned it in a home-based business. This is an increase of almost 13 times her take-home pay as an employee. It illustrates why having more than one job in a family does not ...
... expenses. Yet she could have netted the entire $15,000 had she earned it in a home-based business. This is an increase of almost 13 times her take-home pay as an employee. It illustrates why having more than one job in a family does not ...
Page 5
... expenses (eating out, snack foods, etc.) −$1,000 Net take-home pay: $1,156 No wonder more and more people are ... expenses for repairs, gas, and insurance as she did before. If she has a home-based and/or consulting business, however ...
... expenses (eating out, snack foods, etc.) −$1,000 Net take-home pay: $1,156 No wonder more and more people are ... expenses for repairs, gas, and insurance as she did before. If she has a home-based and/or consulting business, however ...
Page 10
... expenses under $75 per expense.2 Example: John takes Mary out for a prearranged lunch and discusses business. John spends $25 on pretzels. (Hopefully, they're good pretzels!) John does not need a receipt because the cost of the ...
... expenses under $75 per expense.2 Example: John takes Mary out for a prearranged lunch and discusses business. John spends $25 on pretzels. (Hopefully, they're good pretzels!) John does not need a receipt because the cost of the ...
Page 12
... expenses. Putting it more plainly, this means deduct- ing your fun! There is also one other requirement for all entertainment expenses that was not included in the preceding list. You must record the answers to these five IRS questions ...
... expenses. Putting it more plainly, this means deduct- ing your fun! There is also one other requirement for all entertainment expenses that was not included in the preceding list. You must record the answers to these five IRS questions ...
Contents
Part 2 How to Incorporate to Shelter Your Wealth | 133 |
Part 3 Every Fringe Benefit Available to Small and HomeBased Businesses | 175 |
Part 4 Miscellaneous Tax Strategies | 233 |
2007 Tax Rates | 271 |
How to Find A Good Accountant | 273 |
Index | 277 |
Common terms and phrases
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