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MyEcon Teaches You How To Stop Overpaying Taxes and Being Underpaid!!
More Knowledge From Mr. Keith Tucker a True MyEcon leader breaks it down like this to stop Overpaying Taxes and not be Underpaid!
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You must 1st get a MyEcon business!!! As long as you are trying to make a profit and you follow the IRS’s Byzantine rules on taking and documenting your business expenses with the MyEcon Expense Organizer that you get with your business, you then can write off your business expenses (necessary, ordinary and reasonable, of course). The irony of this approach is that you are already paying most of these expenses now; the use of your car, entertaining, vacationing, etc. When you perform the same activities with a business objective, they magically become business deductions. And You will not be Overpaying taxes or be Underpaid. continued> http://iamstevebrooks.com/?p=76
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You must 1st get a MyEcon business!!! As long as you are trying to make a profit and you follow the IRS’s Byzantine rules on taking and documenting your business expenses with the MyEcon Expense Organizer that you get with your business, you then can write off your business expenses (necessary, ordinary and reasonable, of course). The irony of this approach is that you are already paying most of these expenses now; the use of your car, entertaining, vacationing, etc. When you perform the same activities with a business objective, they magically become business deductions. And You will not be Overpaying taxes or be Underpaid. continued> http://iamstevebrooks.com/?p=76
MyEcon Teaches You How To Stop Overpaying Taxes and Being Underpaid!!
More Knowledge From Mr. Keith Tucker a True MyEcon leader breaks it down like this to stop Overpaying Taxes and not be Underpaid!
.
You must 1st get a MyEcon business!!! As long as you are trying to make a profit and you follow the IRS’s Byzantine rules on taking and documenting your business expenses with the MyEcon Expense Organizer that you get with your business, you then can write off your business expenses (necessary, ordinary and reasonable, of course). The irony of this approach is that you are already paying most of these expenses now; the use of your car, entertaining, vacationing, etc. When you perform the same activities with a business objective, they magically become business deductions. And You will not be Overpaying taxes or be Underpaid.
.
You must 1st get a MyEcon business!!! As long as you are trying to make a profit and you follow the IRS’s Byzantine rules on taking and documenting your business expenses with the MyEcon Expense Organizer that you get with your business, you then can write off your business expenses (necessary, ordinary and reasonable, of course). The irony of this approach is that you are already paying most of these expenses now; the use of your car, entertaining, vacationing, etc. When you perform the same activities with a business objective, they magically become business deductions. And You will not be Overpaying taxes or be Underpaid.
Example. You drive your family to the mall on Saturday. That is clearly not a business expense. However, you stop to make a sales call or deliver product to a client near the mall. That trip now becomes primarily a business use of your car and the government will allow you to write off approximately 51 cents per mile for business use of your car. 1,000 miles equals a $510 write off. This helps you from Overpaying Taxes and Being Underpaid!
You go out to dinner with friends or do you take prospects or clients out to dinner, see the difference? The government will let you deduct ½ of the dinner’s cost, providing you properly support the expense with documentation. MyEcon will teach you how to stop Overpaying Taxes and how to not be Underpaid.
Certainly in the beginning, when you are getting yourMyEcon business off the ground, or you suddenly wake up and figure out how to re-characterize more of your personal expenses, you will probably lose money, at least on paper. You will actually spend the same money you were already spending on cars, entertainment, travel, etc. but you cleverly gave them a business twist, so now they are deductible. HELLO!!!! Remember, when a business loses money the government allows it to write it off against other income. Can you think of any other income you might have to write off your losses against? Come on, think really, really hard! What about your salary. Your job or self-employment income! Right on! You can deduct your MyEcon business losses against that income. Saving You from Overpaying Taxes, and being Underpaid.
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