TRAVEL for Business

  • #15 - How to Take a Cruise that Really IS Deductible pdf  Add to Cart 
    This Report will give you factual, verifiable information on a topic that almost everyone is confused about. Most entrepreneurs think they know what it takes to get a tax deduction for a cruise, but more often than not, what they “know” is completely wrong. This Report will tell you exactly what the Tax Code has to say about deducting “Luxury Water Transportation.” ​​​ 


  • #23 - Business Travel in ‘North American Area pdf  Add to Cart 
    The rules for deducting Business Travel within the 50 United States are described detail in Chapter 9 of “Windfall Tax Savings Approved for Small Business Owners!” HOWEVER, when you venture OUTSIDE the U.S. (even to locations close to the U.S.), ​the rules are a bit different. This is a must-read if you plan to ever attend a business Convention, Conference or similar Business Meeting that will be held outside the United States, but inside the “North American Area.”

  • #35 - Deducting International Travel pdf  Add to Cart 
    When you travel on business outside of the North American area, the tax-deduction rules area bit different than to those fordomestic travel. The differences are in deducting the costs of the TRANSPORTATION for getting to and from the overseas location. There are TWO SETS of RULES for writing-off transportation for business trips outside of North America. One set is for attending a business Meeting, Seminar, Conference or 
    Convention abroad. (And there are also 3 “sub-categories” under that one.)  The other set of rules is for trips abroad that are for Business purposes,
    but NOT primarily for attending a seminar or conference. (And there are three sub-categories under that one also.) The rules are precise, but when you “break the code,” it’s easy to safely get the maximum amount of deductions for international transportation.

​​

  • #37  Set-up & Attend a 2-Person Seminar- anywhere pdf  Add to Cart
    We all know that business seminars are generally tax deductible, but here’s a little something I’ll bet you did not know…You can set up your own
    ​meeting with just one other person, and your two-person meeting can qualify as a tax-deductible business seminar. Who says so, and so what? That’s according to a precedent-setting Tax Court Ruling in Jones v. Commissioner (ref. ​Carl H. Jones v. Commissioner, 131 T.C. No. 3).This opens up a whole range of “business trip” possibilities in locations of your choosing. 

    ​   ​   ​

​ EDUCATION Deductions


  • #40 - Professional Development Expenses pdf  Add to Cart
    Successful entrepreneurs and small- and home-business owners tend to be “career students,” right? We are always improving our business skills in
    order to improve our business success. We buy books, enroll in online courses, hire business coaches, etc. Those costs often are tax-deductible, BUT NOT ALWAYS. It is important to you to know which ones ARE deductible, and which ones are NOT.  How do you know? You have to know the ‘rules.’  
    But “the rules of the IRS” often are not the same as “the rules ​of logic.”​


  •  #45 - Claim Thousands in Business Education Expenses  pdf  Add to Cart​ 
    Education expenses can be costly, especially if you are striving for an advanced degree or for a Certification. Business education expenses are often 100% deductible for small-business owners, but BE CAREFUL. What IS deductible and what is NOT deductible is sometimes counter-intuitive. Learn the specific rules and guidelines ​in Report #45.

  • Report #55 - Education Tax Credits Can Help Pay for College  pdf  Add to Cart 

​​

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 IRS- RELATED Questions​


  • #9 -  Filing Amended Returns – Form 1040X pdf  Add to Cart 
    Filing an Amended Tax Return (IRS Form 1040-X) can produce thousands of dollars’ worth of additional tax refunds for many people but a more important question is “whether or not to file an Amended Return,” which is addressed here.

  • #24How to Protect Your Audit Appeal Rights​ pdf  Add to Cart 
    This is a Report you may want to read twice in order to fully understand it.  You may want to save or print it for possible future use, because you will
    need this information if you are involved in a drawn-out tax audit.  The guest-author is the #1 expert in IRS issues and procedures, DAN PILLA, who tackles the question of what to do if the IRS is running out of time to finish your audit, and they ask you to “extend the statute of limitations.”  It’s a tricky question.  Do not answer it until you have read this Report. 


  • #27 - How to Claim a Parent as Your Dependent pdf  Add to Cart 
    This Report addresses a situation that applies to a LOT of  “Sandwich Generation” taxpayers –  adults who are caring for their own parents and in-laws, in addition to their own children. Are there tax breaks for caring for an older person who is “dependent” upon you financially? ​Sometimes, yes! That’s what this Special Report is all about. 

  • #36 -  Bullet-Proof Returns with Disclosure Statements pdf  Add to Cart 
    Every taxpayer has a legal requirement to document (i.e., prove) that he or she qualified for every tax deduction claimed. But some deductions are
    not so easy to “prove.” For example, “exclusive use” is a requirement for claiming a home-office deduction. But how can anyone prove conclusively that
    a home-office area was never used for anything else besides business? Read the answer lies in two words – Disclosure
    Statement.


  • #38 - Using Sec 530 Safe Harbor to Avoid Payroll Taxes pdf Add to Cart 
    One favorite trick of the IRS is to look at your “staff” – which you have probably classified as “Independent Contractors” rather than as Employees - and then they’ll try to unilaterally re-classify them as “Employees.” If they do that to you, and if they get by with it, you could end up owing tens of thousands
    ​of dollars in retroactive payroll taxes, plus interest, plus penalties. This very common action by the IRS has put lots of businesses OUT
    of BUSINESS. Here is how you can Teflon™-coat Yourself and your Business…If you have “paid help” that you have classified as Independent Contractors, then #38 is a MUST READ.


  • #46 - How Long to Keep Tax Records pdf  Add to Cart 
    Is it time  to finally throw out some of your old tax records? It’s a scary thing to throw away tax records, but you can’t keep them forever, right? Fortunately, there are guidelines, so, no, you do not need to keep them forever. But the length of time depends. Here are some good guidelines. 

  • #29 - Inventory: How to Track it; How to Report it​ pdf  Add to Cart 
    Inventory seems rather mundane and unimportant topic but what you don’t know can hurt you when it comes to tax reporting. Here’s what you probably don’t know, but should, about tracking and reporting inventory.

  • #65 - Why and How to Easily & Quickly Keep Audit-Proof records pdf  ​Add to Cart 




 HEALTH EXPENSE Deductions


  • #34 - Deducting Costs of Weight Loss pdf  Add to Cart 
    Be prepared to learn something new in this Executive Summary #34, because there is more mis-information out there on this topic than accurate information. Our topic is tax deductions for the costs of LOSING WEIGHT. Special foods? Weight loss classes? Exercise club dues? Meal replacement drinks? Nutritional supplements? What’s deductible, and what’s not? Requirements to qualify? Tax form for ​taking the deduction? The following
    ​information comes from the U.S. Tax Code as well as Federal Tax Court Rulings that clarify the answer.

  • #44 - Deduct Health Costs for Sole-Owner C-Corp & LLCs pdf  Add to Cart
    Executive Summary #44 can be worth a lot of tax deductions for many entrepreneurs. The entrepreneur who is a Sole Proprietor or the Sole
    Shareholder (owner) of a C-Corporation or who is the Sole Member (owner) of an LLC that is taxed as a C-Corp.,  can qualify for a HUGE, unique deduction. If you fit any of those three categories, read this Executive Report ​#44 because you are about to discover how Obamacare
    ​(yes, Obamacare!) gives you a special, HUGE, tax privilege worth THOUSANDS in tax refunds or tax reduction.


​ BUSINESS SET-UP

  • #17 - Deducting Start-Up Costs pdf  Add to Cart 
    Changes to the Tax Code now allow New Business a more effective way to deduct Start-Up Costs than depreciation over a 5-year period. This Special Report describes the newest rules tor deducting start-up ​costs, as well as exactly how maximize ​their value to the new business owner.​


​​ HOME OFFICE Deductions


  • #3 - How to Claim Home Office when you Incorporate  pdf  Add to Cart 
    If you have an LLC or Corporation, or if you expect that you will as your business progresses, this tax-savings Executive Report will be worth thousands
    ​to you!  As a Sole-proprietor you get major tax deductions for business use of your home, right? But when you form an LLC or
    a Corporation, that changes. Most business owners (and, sadly, their tax preparers also) think that the home-office tax deduction is gone.
    But it is not!!!  You will change your mind (and increase your tax refund) when you read this week's tax-savings Executive Report.


  • #42 - How to Write-Off Business Assets under $500 pdf  Add to Cart
    When you buy “tangible assets” or equipment for your business, can you write it off all in the year of purchase, (i.e., “deduct” it) or must you “capitalize / depreciate” the cost over a period of years? You are about to learn how you could simplify the mind-numbing depreciation requirements for purchase of business assets and equipment, using a NEW IRS rule..​


  •  #48 - Home Office HELP if You Sell Home for a Loss pdf  Add to Cart​ ​
    Executive Summary #48 is very important if you ever sell a home for less than you paid for it. Some say the real estate crash is over, but a LOT of people are still selling their homes for less than they paid. But if you claimed tax deductions for “Business Use of ​​Your Home”
    ​ (IRS Form 8829), for some, or all, of the years you owned your home, you may be able to get partial relief from that pain.​


ADDITIONAL Deductions, can easily 

DOUBLE YOUR TAX SAVINGS!

Ron Mueller's LIFETIME COLLECTION of 60+ SPECIAL REPORTS 

covering more than FIVE DOZEN small- and Home-Based Business
tax deductions 
that are not covered in the book.

MEALS & ENTERTAINMENT

  • #67 - New Rules for Business MEALS pdf  Add to Cart 

  • #50 - BUSINESS ENTERTAINMENT - NO LONGER 50% DEDUCTIBLE? pdf  Add to Cart
     
  • #66 - Defending Entertainment Deductions  pdf  ​Add to Cart

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 ​BUSINESS STRUCTURE 

​​​​

  • #54 - Question: Work with a Tax Pro or DIY? pdf   Add to Cart
    Do you (a) fill out your own tax return forms, or (b) use tax-preparation software, or (c) go to a franchised tax ​prep walk-in office, or (d) select your own tax preparer?  All four are good options under different circumstances.  Whichever you choose, are you  sure what you are choosing the best option? How do you know? This SBO Executive Summary #54 will help you make the best decision for YOU and YOUR BUSINESS.


 ​EMPLOYEES 

  • #25 - Getting Write-Offs for Employee’s Clothing pdf  Add to Cart 
    This is a potential tax benefit most business owners never even think about deducting. Under some circumstances (which may be partially or entirely under your control), the costs of clothing worn on the job may be tax deductible, as well as ongoing costs for laundry or dry cleaning. Do not assume this can’t apply to you or to your business.  You may be surprised!
    ​​​​

  • #30 - Employee Fringe Benefits #1-5 pdf  Add to Cart​ 
    Whether you are an employee or an employer (or BOTH) you will benefit from knowing about many valuable (but relatively unknown) Employee Fringe Benefits that are TAX-FREE. This is #1 in a 4-part series covering a total of 20 tax-free employee benefits – some of which you won’t believe could actually be tax-free!  This Executive Summary begins by describing which types of fringe benefits are (a) Fully-Taxable, (b) Partially-Taxable, (c) Tax-Deferred, or, our favorite, (d) 100% TAX FREE, then gives a full description of the first five of the top 20.​

  • #31 - Employee Fringe Benefits #6-10 pdf  Add to Cart 
    This Report is #2 in a 4-part series of exploring a total of 20 different TAX-FREE Employee Fringe Benefits that YOU may be able to USE. This
    Executive Summary covers Benefits #6 thru 10.


  • #32 - Employee Fringe Benefits #11-15  pdf  Add to Cart 
    This Report is #3 in a 4-part series of exploring a total of 20 different TAX-FREE Employee Fringe Benefits that YOU may be able to USE. This
    Executive Summary covers Benefits #11 thru 15.


  • #33 - Employee Fringe Benefits #16-20  pdf  Add to Cart 
    This Report is last in a 4-part series of exploring a total of 20 different TAX-FREE Employee Fringe Benefits that YOU may be able to USE. This
    ​Executive Summary covers Benefits #16 thru 20.


  • #39 - Getting 100% Deduction for Employee Meals pdf  Add to Cart
    Tax deductions for business meals are nearly always capped at 50% of the actual cost But there ARE exceptions – IF you know (and follow) the rules. Here is ​one of the BIG exceptions and how to use it.​

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 SELF-EMPLOYMENT / SOLE-PROPRIETOR

  • #11 - Avoiding the Dangerous ‘Hobby Loss Rule’ pdf  Add to Cart
    We’re going to cover a topic of huge importance and which, if not handled correctly, could either protect you OR cost you tens
    of thousands of dollars’ worth of tax refunds. Read this Executive Summary and learn exactly how to handle it correctly.​


PROVING PROFIT INTENT


  • #51 - Your Business MUST Show a PROFIT pdf  Add to Cart 
    Report #51 is the First in a 3-part Series.  Your Business MUST Make a PROFIT– It’s Critical for Audit Protection! Surely you know that claiming home-Business tax deductions does not require that your business report a profit IF you can PROVE that you have an honest intent to produce a profit. But intentions are subjective, so it is difficult, if not impossible, to prove an intention. If you are running a small business that has not reported a profit in
    three or more years, this Report is a must-read. NOT KNOWING the ​information in this report, could cost you a small fortune! 

  • #52 - What if Your Business does NOT show a Profit? pdf  Add to Cart 
    Report #52 is Second in a 3-part Series.  Many small and home-based businesses report a Business Loss on their tax returns in some years, especially as they are launching a new business.  Tax law states that qualifying for special small-business deductions requires the business to either (a) make and report a reasonable profit, OR (b) be able to prove they are intending to produce a profit. This Report answers the following question: What if you have not made a profit in the past three or more years, and you are unable to convince an auditor that you ​“intend” to produce a profit?

  • #53 - What To DO if You Report a LOSS for 3+ Years pdf  Add to Cart 
    Report #53 is Last in a 3-part Series.  If you have reported a loss for 3+ years, what should you DO (i.e., what Actions should you take)?  Do NOT “do nothing.”  This report will offer several options to help guide your thinking and decision-making. If you are running a small business that has not reported a profit in three or more years, this Report is a must-read.  


 VEHICLE Deductions

  •  #19 - Tax Deductions for Your Motor Home  pdf  Add to Cart 
    Has this thought ever occurred to you? Have you ever thought about “someday” taking off a few weeks or a few months, turn off the alarm clock, put the calendar in a drawer, and just travel by motorhome to enjoy our beautiful country? If that sounds relaxing and rewarding, ​maybe it should be on your bucket list. Question: Can any of it be tax-deductible? If so, Uncle Sam could help
    you pay for ​that adventure.  That’s what Report #19 is about.   
           

  • #21 - Can ‘Commuting Miles’ ever be Deducted? pdf  Add to Cart
    If you have BOTH a home-based business AND a W-2 job that you commute to regularly, this Report will be particularly valuable. A person who commutes to a W-2 job 10 miles away, just might be able to get nearly $3,000 in new, additional tax deductions.
          

  • #47 - Keep Vehicle-Use Records or LOSE Deductions pdf  Add to Cart
    It’s time to clarify the confusion about the IRS’s exact recordkeeping requirements for documenting deductions for business-use of your personal vehicle(s). There are several Smartphone apps on the market that use GPS technology to track and record the business use of your vehicle.
    HOWEVER, in THIS Report you will learn why NONE of them can possibly produce IRS-compliant records. If your tax records are audited, and if you have relied solely on the records maintained by those devices & apps, your deduction will NOT survive the audit. If this is how you keep vehicle-use records the IRS will accept. 

  • #49 -  Maximize VEHICLE DEPRECIATION Deduction pdf  Add to Cart 
    Report #49 is very important if you are planning to purchase or lease a new vehicle this year. Each time you purchase or lease a personal vehicle that
    will also be used for business purposes, you will need to take depreciation into account, and that is not always as easy as you might think. Unless you
    ​are using a professional tax preparer (which I always recommend) you are ​probably not doing it correctly, and you may be losing thousands in deductions. For recommended tax professionals,
    CLICK HERE

 MISC BUSINESS Deductions​

  • #20 - Fancy Board Meetings for Sole-Owner Corps pdf  Add to Cart 
    All Corporations are required to hold Annual Board of Directors Meetings, and all Board Members must be invited to them. What happens ​when You
    are the Sole Owner of your Corporation, or if your spouse is the only other Board Member – very common among small and home-based businesses? The Tax Code gives us legal ways to hold our Board Meetings in some very attractive places, regardless ​of how large (or how small!) the Board is.


  • #5 - Rules for Cell Phone Deductions pdf  Add to Cart
    We all have cell phones, and we all are hoping they are tax deductible, since, after all, we use it for our business, right?  Okay, what are the real rules? The IRS’s rules. FINALLY, here is the real answer to the question.  This tax-savings Executive Report is titled, “Is there an Easy Way to Write-off CELL PHONE Deductions? – Maybe Yes, Maybe No”  
    ​​

  • #22 - How to Write-off the Babysitter​ pdf  Add to Cart
    Did you know that Uncle Sam will reimburse you for some of your child care expenses if you’re hiring a sitter so you can earn income or look for a job. This includes time to work your own home-based business without interruptions from your kids. It’s not only babysitting expenses that are covered, but also housekeepers, maids, before-school and after-school care, day camps, and much more.  Not all of the costs are deductible, but a significant portion of them are. That’s what SBO Executive Report #22 us
    all about.


  • #42 - How to Write-Off Business Assets under $500 pdf  Add to Cart​
    When you buy “tangible assets” or equipment for your business, can you write it off all in the year of purchase, (i.e., “deduct” it) or must you “capitalize
    / depreciate” the cost over a period of years? You are about to learn how you could simplify the mind-numbing depreciation requirements for purchase of business assets and equipment, using a NEW IRS rule..


  • #63  - Expired Tax Breaks pdf  Add to Cart


 SPECIAL ISSUES & QUESTIONS


  • #27 - How to Claim a Parent as Your Dependent pdf  Add to Cart
    This Report addresses a situation that applies to a LOT of  “Sandwich Generation” taxpayers –  adults who are caring for their own parents and in-laws, in addition to their own children. Are there tax breaks for caring for an older person who is “dependent” upon you financially? ​Sometimes, yes! That’s what this Special Report is all about. ​

  • #28 - U.S. Tax System Explained in BEER  pdf  Add to Cart​ 
    Have you ever tried to really understand our convoluted tax system? It’s not easy. But University of Georgia economics professor, Dr. David R. Kamerschen, found a creative way to make it not only understandable, but also memorable. Dr. Kamerschen says, “Suppose that every day 10 men go out for beer, and the bill for all 10 comes to $100. Then he explains how the 10 men would divide up the bill – if they paid their bill the way we pay our taxes.  You will find this analogy most enlightening.

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  • #54 - Question: Work with a Tax Pro or Do It Yourself? pdf  Add to Cart

  • #56 -Donating Your Time and Effort to Charity pdf   Add to Cart

  • #57 - Small Business Donations to Charity pdf  Add to Cart

  • #60 - Tax Implications of RETIRING OVERSEAS  pdf   Add to Cart

  • #61 - Tax Implications of CROWDFUNDING Income  pdf  Add to Cart

  • #62 - Understanding the IRS’s GIFT TAX  pdf  Add to Cart

  • #64 - 58 HBB BUSINESSES You Could Run from Home  pdf  Add to Cart