Tax Information And Guide

This article is based on the following 2 assumptions:

Tax Software 1) You are a small business owner or self-employed person
(including home-based and/or part-time businesses).

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Software Tax 2) You don't like to pay taxes. In fact, whenever you think
about paying taxes, you get so mad you end up "all lathered
up and nowhere to go."

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Every Landlord Tax Deduction Now, if paying taxes makes you so upset, what have you done
about it lately?

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Tax Help Why was your tax bill so high last year?

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Help Tax You paid too much tax last year (and the year before that,
and the year before that . . .) because you have probably
been an innocent victim of many popular myths about taxes.

In addition to offering information on your tax deduction and child tax credit, the Tax Guide also provides information on other ways you can help yourself minimize your taxes and maximize your refunds.

Ernst Ernst Guide Guide Tax Here they are. Get rid of them or you'll be stuck paying
too much tax forever!

Tax Return Tax Myth #1: "I don't make enough money to worry about
reducing my taxes."

Return Tax Nothing could be further from the truth. People at all
levels of income can pay less tax.

Guide Guide Master Master Tax Tax reduction strategies are not just for the rich and
famous. No matter how much money you make, you can pay less
tax than you currently pay.

Tax Preparation In fact, even if your business (or part-time entrepreneurial
venture) has a loss, you can use that loss to offset other
sources of income, such as wages from a "regular" job, your
spouse's wages, investment income, rental income, and other
business income.

Preparation Tax Tax Myth #2: "Tax reduction strategies are too complicated
for me to use."

Employer Tax Guide Again, hogwash. There are plenty of ways
for you, the average American, to lower your taxes.

Tax Services Tax reduction is not just for the wealthy who pay high-
priced attorneys to finagle their way out of paying taxes
with sophisticated tax-avoidance schemes.

Services Tax The average Small Business Owner has plenty of tax reduction
strategies at his/her disposal. You just have to know what
they are and how to use them.

Master Tax Guide Tax Myth #3: "I had my return prepared by an Accountant, so
I know I paid the right amount of taxes."

Tax Attorney There are thousands of excellent, hard-working accountants
doing a great job. And if you use a tax professional, maybe
he/she has done everything possible to reduce your taxes to
the legal minimum.

Attorney Tax Based on my own experience, however, I'm convinced that many
taxpayers who use professional tax preparers are overpaying
their taxes, sometimes by thousands of dollars each year!

Guide Law Tax Why is that? There are many reasons. The most
obvious one is this: Many professional tax preparers are
just that -- tax preparers and tax preparers only.

Tax Accountant A good tax accountant may know how to prepare a tax return
in his/her sleep. He knows the forms backwards and
forwards. He knows what numbers go on which form perfectly.

Accountant Tax But that's it. That's all he/she knows.

Circular Employer Tax Guide A good tax preparer is not necessarily knowledgeable in tax
reduction strategies. There's a big difference between a
good tax preparer and a savvy tax reduction specialist.

Income Tax When you look for a good accountant, make sure you find one
who doesn't just "do the returns", send out a bill and say
"Next, please."

Us Master Tax Guide Tax Myth #4: "My tax situation is OK because my BLANK (fill
in the blank with a family member or other "good friend")
takes care of my taxes."

Property Tax There are various versions of this myth. Do any of these
sound familiar?

Irs Tax Form "My brother-in-law takes care of my taxes."
"My uncle takes care of my taxes."
"My college buddy takes care of my taxes."

Form Irs Tax And of course, the same problem exists with Myth #4 as Myth
#3. Even when someone you know and trust does your returns,
how do you know that this person is a good tax reduction
specialist?

Tax Guide For Trader And often, many of these family members or "buddies" are not
even professional tax preparers. This person just happens
to be "The Family Accountant. Just like every family has
one person who knows a lot about cars (or mutual funds, or
carpet cleaning, or whatever), many families have someone
who "knows enough to be dangerous" with regard to taxes.

Online Tax And even if your "Family Accountant" is a professional tax
preparer, he's probably not charging you for the return.
He's doing you a favor. He prepares your return; you change
his oil. If he's doing the return for free, you are getting
what you pay for.

Guide Tax Tax Myth #5: "My tax situation is OK because I prepare my
own returns."

Tax Deduction If this statement applies to you, then perhaps you are a
"do-it-yourself-er". Money is tight and you are used to
doing things yourself anyway, so why not save a few bucks
each year and do your own returns?

Deduction Tax So you've spend countless hours over the years pouring over
the forms and instructions, trying to figure out how to do
the returns. And you've done OK. No letters from the IRS,
no audits. Hey, pat yourself on the back!

Guide Master Tax Us And now that tax preparation software is so readily
available and affordable, doing your own return is a breeze!
Just key in a few numbers here and there, push the print
button, and presto, you've got your return done in record
time! And now you can even e-file your return with your own
computer.

Sales Tax Have you ever heard of the book, "The Millionaire Next Door"
(by Thomas J. Stanley and William D. Danko)?

Federal Guide Tax This book describes the common characteristics of
millionaires in our country. My favorite millionaire
characteristic is this:

Federal Income Tax Millionaires become millionaires by minimizing their taxes
and getting their tax & other financial affairs in order.

The Real Estate Investor Tax Now comes the "Million Dollar Question": How do you think
millionaires get their tax affairs in order? By doing their
own tax returns? Of course not! Millionaires NEVER do
their own tax returns! They have more productive things to
do with their time.

State Tax Instead, what millionaires do is spend time and money each
year on tax planning and tax reduction strategies, not
figuring out what number goes on which line of Form XYZ.

Ernst Young Tax Guide So my challenge to you is this: What are you going to do
this year to reduce your taxable income?

Federal Tax Form Are you a believer in any of these 5 myths? Now's the time
to get rid of them, once and for all.

Federal Form Tax Your financial well-being depends on it.

Free Tax Filing
Wayne M. Davies is author of 3 tax-slashing eBooks for
the self-employed, available separately or as a 3-volume
set, "The Ultimate Small Business Tax Reduction Guide".
http://www.YouSaveOnTaxes.com/ultimate-guide

Filing Free Tax To get your free copy of Wayne's 25-page report,
"How To Instantly Double Your Deductions" visit:
http://www.YouSaveOnTaxes.com

Employer Guide Tax

Online Tax Form Wayne M. Davies is a Tax Professional serving small business
and self-employed clients in Fort Wayne, Indiana. Wayne has
been helping his clients reduce their taxes for the past 15
years. Wayne provides a complete line of accounting,
payroll and tax preparation services for all business types:
sole proprietorships, partnerships, corporations and LLC's.
He is author of the new eBook, "The Tax Reduction Toolkit:
29 Little-Known Legal Loopholes That Will Reduce Your Taxes
By Thousands (For Small Business Owners and Self-Employed
People Only!), available at
http://www.YouSaveOnTaxes.com/toolkit.html. Wayne also
publishes two eZines: "Make My Life Less Taxing",
available at http://www.YouSaveOnTaxes.com; and "Small
Business Owner/Smart Business Owner", available at
http://www.MagneticMarketing.biz.

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