Greetings and welcome to my little space on the internet! It’s a new year and a new tax season! My how time flies…
Well if you’re like most people, you’re looking for ways to avoid paying the Internal Revenue Service (IRS). Just remember tax evasion is illegal, while tax avoidance is legit. We all know how to make money by now, the hard part is keeping more of your earned dollars from going to Uncle Sam. If you’re smart, you’ll take your employee income statement (W2) and all those receipts you’ve stashed away in a folder to your nearest tax professional to try and get the biggest tax refund check allowable! I would. Let them sort it all out and hope for the best. Just remember you’ll have to fork over a couple hundred dollars in preparation fees.
If you’re a business owner, you really should take advantage of all the tax loopholes you CAN. Check out this video and then read more from GoBankrate.com
I really like the strange case studies like the one where the lady with homeless cats tried to claim her adopted pets as tax write-offs and WON!
I hope you enjoy the video, until next time…
Wishing you peace, love, health and prosperity,
Your financial advocate