Hit Hard by Taxes This Year? You Need to Start a Home-Based Business NOW!

by Sandy Botkin


When April 15th rolled around this year, did you feel like you'd been sucker punched by the IRS? You're not alone. Millions of Americans shelled out tax money they could have saved--if they only had a home-based business. That's the bad news. The good news is there's still time to significantly lower your 2007 taxes if you act now. Time is of the essence if you want to reap the substantial benefits of running a home-based business. The tax savings are hefty, not to mention the other perks. And it's all legal.

"Starting a home-based business is one of the smartest things you can do to lower your taxes and save money," says former IRS attorney and best-selling author Sandy Botkin, CPA, Esq. "A home-based business allows you to take deductions for expenses you pay anyway. And the benefits are far-reaching for families who are struggling. In this day and age, it's nearly impossible for families to survive on one paycheck, but the cost of sending both parents off to work is high--both financially and emotionally."

In his best-selling book, LOWER YOUR TAXES--BIG TIME!, Botkin reveals some startling information about the true cost of being 'an employee.' Not only is job security a thing of the past, when it comes to bringing home more of their hard-earned money, workers are fighting an uphill battle because tax laws are working against them. "Under recent tax laws employees are shafted more than ever with limits and thresholds for their employee deductions and higher social security tax limits," says Botkin. "This results in more households with both parents working than ever before and often, working more than one job. Today many households need three incomes to stay afloat."

Which brings us to another key point from LOWER YOUR TAXES--BIG TIME! Botkin urges readers to figure out what it really costs them to work outside of their homes. "For example, add up the cost of your dry cleaning bills, lunches, gas, wear and tear on your vehicle and child care and you'll probably be disgusted at what you truly clear for net income," says Botkin. "Factor in the stress factor of a daily commute, your boss, and the frustration of not spending enough time with your family and it's pretty clear that tax savings aren't the only benefit to starting a home-based business. The emotional impact on your family can be huge."

Botkin also uses his experience with the IRS to demonstrate why proper record keeping and documentation is an absolute must. "I can't stress enough how critical it is to keep proper records," says Botkin. "I like to call it 'bullet-proofing' your return."

While most of us would be intimidated reading a book about taxes, LOWER YOUR TAXES--BIG TIME! is highly reader friendly. Each concise chapter outlines a specific strategy for lowering your taxes. Botkin explains the rules behind each strategy and he doesn't get bogged down in confusing lingo. His sharp writing style and personable tone clearly explain the distinctions of complicated tax codes. And he uses real-life scenarios and questions. For example, when is a meal a deductible business expense? Or if you conduct business out of town, what part of the trip is deductible?

LOWER YOUR TAXES--BIG TIME! can show you: *Why a home-based business can lower your taxes BIG TIME *How to deduct your fun (golf, sporting tickets, movies) *How to turn your vacation into a tax-deductible write-off *How to use 'income-shifting' to save the equivalent of your kids' college education *How to understand all the tax planning and credits for educational expenses *The 24 questions you need to ask to evaluate an accountant *How to turn your car into a tax-deductible goldmine *How to beat a dreaded IRS audit *How to incorporate your business to shelter your wealth: oWhy to form a Nevada corporation oHow to eliminate up to 40% of your Social Security and Medicare tax oHow to get assets and money into a corporation tax-free

Botkin's extensive experience and knowledge make LOWER YOUR TAXES--BIG TIME! a fantastic reference for anyone who wants to pocket the money they've earned and slash their tax bill. Hardcover: 282 pages Publisher: McGraw-Hill Available at: www.amazon.com www.barnesandnoble.com www.borders.com www.taxreductioninstitute.com


About the Author
Sandy Botkin, CPA, Esq. is a best-selling author and former trainer of IRS Attorneys. He is currently the Chief Executive Officer and Principal Lecturer of the Tax Reduction Institute based in the Washington, D.C. area. During the past ten years, he has taught more than 100,000 taxpayers how to save hundreds of millions in new and overlooked deductions. He consistently earns rave reviews for his clear and humorous presentations.

Choosing An IRS Attorney For Your Tax Case

by Wade Robins

You might get very nervous just thinking about the IRS. When having to work with one of them, you may be under a lot of stress and fear that is not normal for your life. What can you do about the mean IRS agent that is now into every detail of your life and the life of past taxes?

The IRS is the one who takes in federal tax money and the attitude they do it in leaves something to desire. Unfortunately, if you find yourself as the accused, and are not one to pay taxes on time, you might want to consider an IRS attorney. You will begin to sleep better and stop all the nervous habits that have come from the ordeal. Only through letting it all go to an IRS dispute attorney can you begin the healing process.

The biggest thing to getting yourself an attorney to deal with the IRS is that you will not have to deal with calls and correspondence from the IRS. The attorney will be the one who deals with this aspect. You will be able to have any questions directed to you by your attorney instead of an IRS agent who makes you feel like an idiot. The attorney can deal with the legal rights by the wisdom and ability they possess on the subject. The IRS agents are not intimidating to your attorney and will not be able to push you. If you are thinking of getting yourself an IRS attorney, take a careful look at the list below:

1. Specialty - Your attorney will need to have special training in tax cases. Each lawyer is in a special field. Find an attorney that will help you with your specific problems and one who specializes in dealing with the IRS.

2. Ease Of Company - When you are in the process of working through tax issues you can be under loads of stress. You are also going to need to be open about your life and personal information, especially money. Make sure your attorney is someone you can be comfortable. Friends and family are great for providing references to you.

3. The License - it is a wise idea to check the background of the attorney you are thinking of. It is important for the attorney to be someone who is not going to cause you more problems with the IRS agent. Online background checks are appropriate for this situation. Also, find out if they are a real attorney and licensed in your state. You should also check to see how others have felt about the representation and if any problems exist.

4. Charges - Make sure you are aware of what your terms are. Before you decide to hire an attorney, it is best to have all the terms and items billed for in writing for later reference. You will need to be able to pay for it and your finances could use a break.

5. Length Of Time - research the amount of time the attorney has been in business. Also, search for anyone who can give you information on the attorney's reputation. It is necessary for them to be able to show you experience with taxes.


About the Author
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