No. of Recommendations: 2
Now it'll be more fun than ever before to save receipts, etc. to absolutely whittle my tax bill down to stick it to Owebama.

If you own your own business, you can bleed it dry, legally, if you know the rules, and report only a very small profit that is subject to tax. It's not just a matter of saving receipts, though you'll need to do that, too. You need to know how to restructure your daily routine and expenses such that everything you do becomes part of a business transaction in some way.

It's all perfectly legal, but only those who know the rules very well will succeed without screwing up. You can't make up your own rules, or even do what seems reasonable. You must know how the IRS sees every claim. Then you will be golden.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.