Give Me My Guaranteed Payraise, Please! “A New Audit Proof Tax Slashing System That Teaches Anyone How They Can Stop Making The IRS Their Biggest Charity And Get An Over Due Pay Raise Compliments Of The IRS!” Could you use more money—say, $5,000 to $10,000 a year? Want a pay raise without asking your boss? Like to slash your taxes in half? No, you don’t need a ski mask or bank-robbing experience. The IRS won’t come to repossess your car. We offer a tried-and-true method to multiply your legal deductions far beyond what you thought possible! With our program, you take a few simple steps and watch your tax bill drop. And you don’t have to wait until tax time to feel the relief—you can start saving money on your very next paycheck! Next time you get paid, take a close look at your check. You’ll need a calculator to add up all those boxes, but you’ll probably find that you pay over a quarter of your hard-earned income to the taxman. For many of us, that’s more than housing, food, and utility costs combined! But you don’t have to pay so much—it’s more than your share! Take advantage of the last best tax shelter without having to pay a hot-shot CPA or tax attorney. The Truth about Legal Tax Reduction There’s a group of individuals in this country that is able to take advantage of more deductions than any other group or business. Believe it or not, it isn’t the wealthy. It isn’t the poor. It isn’t even the hard-working wage earners. It’s a tax break designed for—the intelligent! It’s a tax break for people smart and enterprising enough to start a home-based business. The truth is that there are two tax systems in this country: One is for employed people working for wages, and the other is for self-employed people like home-based business owners. Home-based business owners are average Americans who have made one addition to their lifestyle, a home-based business. Because of it, they have access to more deductions than the super-rich! Our program shows how Americans earning an average paycheck can keep an extra $5,000 to $10,000 per year simply by owning and operating their very own home-based business. Not only do you get the same deductions as Bill Gates, Ross Perot, and Donald Trump, you get more. We show you how to write off the business use of your home and car, health care costs, even travel expenses! The tax-slashing strategies available to anyone who owns and operates a home-based business will shock you! They may even amaze you! And if you’re like thousands of others, learning to use them will change your life. Having a home-based business is one of the last great tax advantages available. A home-based business provides the little guy an opportunity to avoid giving the bulk of his hard-earned income to Uncle Sam. Getting Started with a Home-Based Business Starting a home-based business is not difficult, but only if you do things right. How can you find your way through the maze of tax laws and accounting principles that govern home-based businesses? Where can you find expert advice? Allow me to introduce our partner, Sandy Botkin. He’s a former IRS tax attorney. He’s one of only eight attorneys to be selected by the IRS chief counsel to train other IRS attorneys in the personal and corporate tax division. Now, IRS agents are not popular guys. Even his friends have called him a rat. But he knows tax law cold. And who better to tell you how to wipe out taxes legally than an insider rat? While working at the IRS, Sandy realized those people who wanted to work from their own home were not getting the help and tax planning information that they should be receiving and were therefore losing literally billions of dollars of deductions. He also realized that many people viewed tax planning as complicated, when he knew that, with the right tax knowledge and the right documentation, most strategies were surprisingly simple. Subsequently, he started his own tax lecturing organization, the Tax Reduction Institute, where he developed a mission to legally and ethically reduce the taxes of home-based business owners by over $750 million every year. Between his experience and the feedback we’ve received from thousands of past students, we calculate that we are now saving some 50,000 taxpayers over $300 million every year. Because of his expertise, there is absolutely nothing that we teach in our program that is questionable. This ex-IRS agent made it so that these strategies cannot be disputed by any licensed CPA, tax attorney, or IRS agent! Why Owning a Home-Based Business is Your Key to Extra Cash First, anyone can start a home-based business. It does not matter what your background is or how much experience you have. And with our powerful tax strategies, the day you start is the day you begin to save! Second, you don’t have to be a CPA or tax attorney or even know anything about taxes for these strategies to instantly work for you. Third, there is no complicated paperwork involved; just follow our simple instructions. As one of the first benefits of being a business owner, we’ll show you how to fatten up your take-home pay from your current job without even telling your boss. Finally, these strategies are simple to follow. We provide all our partners with a step-by-step, paint-by-number program. If you follow these correctly, you’re guaranteed results. Imagine: You invest just a few minutes a day and we’ll show you how you could get $5,000 to $15,000 or more in new deductions your very first year and every year from now on, guaranteed. We’ve helped many people start their own home-based businesses. We have also helped thousands who already have home-based businesses save even more money. You might think that $5,000 to $15,000 is an outrageous amount of savings, but really, it’s fairly average. You owe it to yourself to find out more about these home-based business tax-cutting strategies. Alex Mandossian did! He saved $37,061 on his federal and state tax returns alone! The home-based business strategies we teach could work just as well for you. Want some details? Here are ten legal home-based business tax-break tactics that will help you keep the IRS’s hands off your hard-earned cash! (When you get Sandy's system, you receive complete documentation and references with specific IRS tax codes, laws, and revenue rulings.) Tactic #1: Deduct your car mileage. Tactic #2: Lease business assets to your kids. Tactic #3: Deduct family vacations and travel. Tactic #4: Deduct 100 % of family medical costs. Tactic #5: Hire your kids at home. Tactic #6: Keep a daily tax diary. Tactic #7: Deduct day care costs. Tactic #8: Hire your spouse at home. Tactic #9: Rent assets to your spouse. Tactic #10: Use an audit protection service. Just by using Tactic #5 alone you could deduct: • 100% of medical insurance premiums. • 100% of out-of-pocket medical expenses. • 100% of medical insurance deductibles and co-pays. • 100% of dental expenses, including orthodontists. • 100% of prescription medicines. • 100% of vision care, including eyeglasses and contacts. • 100% of chiropractic fees. • 100% of psychiatric fees. • 100% of term life insurance premiums, up to $50,000. • 100% of disability insurance premiums for you employees, spouse, and others. You can find out about all these medical tax-slashing strategies in other special reports. Is Your Accountant Up to Speed on Home-Based Business Tax Laws? Many years ago, my first accountant told me that starting a home-based business was one of the single greatest tax reduction strategies available—but I had to make a profit before these deductions could apply. In other words, he claimed I couldn’t deduct any more than what I earned. If your accountant or CPA has told you the same thing, start looking for another tax professional immediately because it is simply not true! What matters is that you run your business like a business, not like a hobby. If your loss exceeds your income, you can use the loss against any form of income you have: interest, dividends, wages, and pensions…anything you can think of. If you are married, you can use that loss against your spouse’s earnings. In addition, you can carry back the loss for two years and carry forward all business losses that exceed your income for 20 years! The important thing is to not quit. I can’t say that enough. Let the tax benefits work for you while you learn your new home-based business venture. If you quit your home-based business, then you are giving the IRS a definite date when your tax savings cease. And there’s no reason to ever give them up—ever! The bottom line is this: Congress wants the IRS to subsidize you in pursuit of your home-based business, and anyone can deduct legitimate business expenses regardless of their income or profit. The fact is, the majority of businesses lose money in their first year or two. Congress figures that those businesses would never start—and many jobs would be lost—if they couldn’t deduct their expenses or losses. Make sense? The problem is, many CPAs, tax planners, and tax preparation firms are simply confused about what is or isn’t tax deductible. And who can blame them? Not even an IRS agent has all 40,000 pages of tax code memorized—not to mention the thousands more pages added almost every year. Whether they’re government employees or tax professionals, most people involved in taxes only familiarize themselves with the laws they see or use the most. Most professionals are unfamiliar with many of the tax laws passed benefiting home-based businesses because they simply cannot make any money in that particular area. Most home-based businesses don’t use a CPA like larger businesses and corporations do, so most CPAs are not fully aware of the huge advantages that home-based businesses have for the average person. This is why in our system we reference each deduction to the U.S. tax code or the relevant IRS revenue ruling. You say you have an accountant already or a tax preparation professional whom you like and trust? Congratulations! But they can only do so much with what you bring them. If you haven’t set up a home-based business and don’t have a good tax diary system for recording expenses, no accountant can save you the money you should be saving. Without the right documentation, you’ll end up in the tax deduction cemetery, where IRS will pick your bones clean. A good tax diary more than pays for itself in saved accounting fees and time away from money-making activities during an IRS audit that could have been completely avoided. With a little work in a few places, properly documenting your records can be one of the easiest things to do. And guess what? It’s one of the easiest things not to do. Now there are two very logical reasons why your accountant may not mention any of this to you: • He doesn’t have the time to show or teach you what legal deductions to take, or • He’s afraid of losing his license if you don’t follow his record-keeping instructions. Who do you think the IRS blames whenever they find mistakes in an audit? Your tax pro, of course! Remember, most accountants are by nature very conservative people. There’s even a doctrine in the accountants’ creed called the Conservatism Doctrine. These folks are trained to be cautious. It’s a shame. Accountants are not telling their clients about the power of having a home-based business, yet the fact still remains that it represents the single greatest tax reduction strategy in America today. Period! The Woman Who Earned $15,000 and Kept Only $1,166 at Year’s End There’s a story I like to tell that’s worth the price of a six-month course in financial planning. If you remember nothing else from this report, remember this. The story was told by Jane B. Quinn, a syndicated columnist who wrote an article for Woman’s Day magazine. All the information here is true; none of the figures have been changed. Ms. Quinn did an analysis of a couple with an annual household income of $50,000 a year. The husband and wife looked over their finances and decided they needed another $15,000. The wife went out and found a job that paid her $15,000. That’s the good news. But guess what happened at the end of the year? To their amazement, this couple discovered what’s so insidious about our current tax system. You see, although they got $15,000 more than the year before, they ended up with almost the same amount in the bank! What went wrong? Let’s take a look where the $15,000 actually went. Right off the top, the wife had to pay an extra $4,500 in federal and state income taxes. Nearly all of it was nondeductible. Then she had to commute to work, 10 miles roundtrip each day. At the old 31 cents a mile rate, that’s an extra $1,200 a year—completely nondeductible. She would have lunch at about $5 a day with her colleagues, five days a week. Once again, all of it was nondeductible. She also had child care for her a kids—another $100 a week that was almost all nondeductible. The dry-cleaning bill also went up to the tune of about $1,000 a year—nondeductible. And get this: Once both of them started working, they dined out more often. They spent an extra $1,200 per year on meals, all of it nondeductible. When this poor couple finally added together all of these expenses on that supplementary $15,000 a year, they ended up netting a measly $1,156! The point I want to make is this: If this same couple earned that extra $15,000 from a home-based business and followed the tactics we teach in our program, the $15,000 would have been tax-free due to the legal deductions to which they were entitled! Almost sickening, isn’t it? Imagine: You could end up keeping fifteen times the income from your home-based business than you could from a wage job making the identical income! The best thing about starting a home-based business is that these are not new expenses. They already exist in your life. They are things you pay for every day, every week, every month, year after year! By having a home-based business, you can convert much of your nondeductible personal expenses into legitimate business deductions quickly and easily. This is the vital secret. A home-based business allows you to tap into tens of thousands of dollars in newfound personal deductions! If you don’t have a home-based business, you’re simply throwing your hard-earned dollars away. It doesn’t matter if you rent or own, whether you live in a house, a condo, an apartment, or even a houseboat: There are plenty of deductions available for anyone to deduct $15,000 each year! As an example, suppose you made $20,000 per year and your spouse made $20,000 per year, or a combined annual income of $40,000. For this amount, you’d typically pay $8,000 in taxes, give or take a few dollars. Legal Home-Business Deductions The IRS allows you to take these business deductions and many more: • Family medical expenses, including co-pays and deductibles • Children’s dental work and braces • Family vacation and travel expenses • Children’s college expenses • Home and boat repair costs • Children’s weekly allowances • Long-distance phone bills • Children’s wedding expenses • Internet provider expenses • Home water, gas, electric, and heating bills • Family restaurant dining • Automobile expenses But if you decided to take advantage of starting your own home-based business, you’d enjoy about $15,000 in new found deductions! That means you’d pay taxes on $25,000, instead of the original $40,000. The net result? You’d save about $5,000 in cash! You could use it to invest in your kid’s college education, take your family on a vacation, put a down payment on a new car, or just have extra play money! How to Get an Instant Pay Raise at Work Without Even Asking Your Boss *Once you know that you’re going to pay less taxes (by converting nondeductible personal expenses into legitimate business deductions), the first thing you do is to request your employer to raise the number of exemptions on your W-4 Form. That way you’ll pay a lower tax amount out of each paycheck, increasing your net pay instantly! Most people who use this pay-raise strategy find that they immediately start taking home an additional $100 to $400 per month! Here’s an example of how this works: *The rule is that approximately every $2,750 of new deductions is like adding a new child to your family (and it’s a lot less painful than giving birth!). So if you expect $15,000 in new deductions, that’s about equivalent to an exemption of four new kids. You can adjust your withholdings by filing an amended W-4 with your employer, increasing your exemptions by at least four. *Neither the publisher, officers, nor any representative is rendering tax, legal, accounting, or other professional advice to the reader. Readers MUST council with their own personal advisors in the areas discussed herein in order to ensure proper implementation of ideas outlined herein. By increasing your withholdings on every paycheck, you have in fact given yourself an immediate pay increase, compliments of the IRS! How to Avoid Getting Your Valuable Assets Seized by an IRS Audit You needn’t fear that increasing your deductions will raise your chances of an audit. This is another myth, believed by taxpayers and tax pros alike. The truth is, you might get audited even if you don’t take these deductions. (Fact: You have one chance in 200 of being audited, regardless of what you do.) In fact, having a home-based business in no way increases your chances for an IRS audit. My partner, the ex-IRS attorney, and I designed our program so that you’ll have all the facts ready to prove your case! Our program teaches you how to maintain an “airtight” record-keeping system so you’ll have nothing to fear! Why Leading Tax Experts Endorse Our Program for Professional Training Our program has been endorsed in all 50 states for 8 hours of continuing education credits for Financial Planners and in 45 states for CPAs. Your accountant can finally support you by cutting your taxes legally and ethically! That puts more money in your pocket, all with the direct blessings of the IRS! Ask your accountant about the incredible advantages you get by having a home-based business. Home-Based Businesses Offer Other Advantages Here are ten powerful benefits of having a home-based business: 1. You can start a home-based business at a low cost. 2. You invest your time instead of your money. 3. You do not need any special education or background. 4. You can reduce stress in your life. 5. You can work out of your home. 6. The experience will bring your family closer. 7. You’ll regain your personal time and freedom. 8. You can work part-time instead of full-time. 9. You’ll earn residual income instead of temporary income. 10. You can leverage you energies to maximize your profits. In addition to these ten benefits, here’s another that’s even more startling: The average home-based business makes over twice as much as the average American worker. Over 20% of home-based business owners make over $70,000 per year! And for many, that’s just part-time hours! Should Everyone Be Thinking of a Home-Based Business? It’s not a question of whether to set up a home-based business; the only thing left for you to think about is what kind. Getting started in most home-based businesses is a lot easier than people think. As we shared with you earlier, we have helped a lot of people set up their home-based businesses on a full-time or part-time basis. There are 37 million home-based businesses in the United States. This number is predicted to grow by the year 2005 to 97 million. Why this explosion? Because for most home-based businesses, there’s no risk and little overhead—and no limit to how big you can build your business. There’s no geographical limits or educational requirements. In addition, while you’re getting started, the IRS in effect subsidizes your business through these tax advantages. But unlike traditional businesses that struggle to make money, people that have a home-based business can make money right from the start. Many eventually leave their regular paychecks behind. That’s right! A home-based business could even replace your full-time job! For many home-based business owners, there comes a point when they just can’t afford to go back to work. In fact, when operating a certain style of home-based business, there’s a very powerful money concept that can come in to play. One that complements the tax reduction strategies mentioned. It’s called…residual income. Many people think that all income is the same. Having been both an employee and a home-based business owner, we know this isn’t true. There are two types of income that can be made today: temporary income and permanent income. The good news and bad news is that they both mean exactly what they say. The definition of temporary income is that you have to show up every day to get paid. If you wanted to take the temporary income test, ask yourself this question: “If I didn’t show up to work for the next four weeks and I didn’t tell anybody that I wasn’t going to show up, would I still get paid?” If that is a resounding no, then you seriously need to start your very own home-based business right now—today! And once you start your home-based business, you’ll have the opportunity to earn residual income immediately. In addition, you’ll not only get all the tax deductions we’ve mentioned in this special report, but there are literally tons of deductions we just haven’t had time to talk about. There’s No Excuse to Delay Starting a Home-based Business! Despite what you’ve learned about many of the tax benefits of owing your very own home-based business, you may still find an excuse or two not to act now and start today. If this is the case, then I want you to do me a favor the next time you get into your car. First, set your trip odometer to zero. As you drive, throw a dollar bill out the window when the odometer hits three miles, and keep doing this every three miles. Don’t like it? But that’s exactly what you’re losing if you’re not taking an automobile travel deduction! We hope this illustration bothers you to the point that you’ll actually take action and realize that starting your very own home-based business is worth thousands of dollars each and every year! So let the IRS subsidize your new home-based business. You have nothing to lose, and there’s absolutely no risk. Don’t wait. Stop making the IRS your biggest charity! We would like to thank you for taking the time to learn about the powerful financial and personal benefits associated with having your own home-based business. We hope you found it time well spent. We’re looking forward to helping you make your taxes a lot less—taxing! Wishing you success… ****This Financial Freedom Guide is a living document, subject to change as the tax laws change. Neither the publisher, officers, broker nor any representative is rendering tax, legal, accounting, or other professional advice to the reader. Readers MUST council with their own personal tax advisors in the areas discussed herein in order to ensure proper implementation of ideas outlined herein.****