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Author: CelloSpice Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 737224  
Subject: Re: Hockey Is Back! Date: 1/6/2013 8:10 PM
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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.
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