![]() |
|
![]() |
|
![]() |
|
![]() |
IRS Tax forms can be confusing.
Am I a 1099 or a W-2.
Do I need an 8832 or a W-7.
What the difference between an "S" corp and schedule "C" income?
Tax Secrets of the Rich Found Here
Our program is designed to teach you to build lasting wealth. In order to do so, we've got to start with a fundamental principle.
Stop focusing on IRS Tax forms and start focusing on generating income.
I don't mean to be rude, but some people are so hung up on which form to use, they never really get out of the starting gates. So here's my suggestion ? get your business making money first and then worry about the IRS forms.
As you build your asset column bigger and stronger, you got to start surrounding yourself with competent advisors. I call this your wealth team. You need a great attorney (or two). You need a financial planner and probably an estate planner. And you need a knowledgeable C.P.A. that is familiar with the tax saving strategies we teach.
The truth is, you should never worry about which IRS forms to use. That's your accountant or C.P.A.'s job. Your job is to make lots of money and then structure yourself so that lawsuits and taxes can't take it away from you.
So, keep your eye on the ball. Stay focused on the right things and let your C.P.A. figure out which IRS forms to use.
All the Best, -Drew Miles
Drew has combined what he learned during formal education, informal education and twenty five years of business experience in the development of programs designed to teach people how to build and preserve lasting wealth. He is an author, teacher and international speaker in the areas of asset protection, and tax saving and wealth building strategies.
If your identity is stolen, your finances can quickly become... Read More
Emerging Legal issues of Tax compliance of e-business Self-assessment system... Read More
Self-assessment relies on taxpayers voluntarily meeting their tax obligations. This... Read More
All tax authorities to e-commerce transactions should investigate the record... Read More
Deduction of Refinance PointsAny points that you pay in the... Read More
You've been feeling uneasy (perhaps even guilty) because you've failed... Read More
Practically every small business has receivables that it cannot obtain... Read More
Knock-Knock-KnockWho's there?The IRS!The next quarterly payment of estimated income tax... Read More
Strategic planning throughout the year results in a minimal tax... Read More
Beware of advertisements that claim to settle tax debts for... Read More
The federal tax code is complex. This complexity generally arises... Read More
How about a Tax Tip?As we all know Taxes are... Read More
One way to maximize your business profits is by reducing... Read More
The U.S. Department of Agriculture estimates that it costs nearly... Read More
According to the IRS, taxpayers underpay their taxes by some... Read More
Does your incorporated business pay alternative minimum tax ["AMT]? If... Read More
One can never underestimate the enthusiasm that politicians have for... Read More
Hit a big one? With more and more gambling establishments,... Read More
NOTE: This is the first in a series of 5... Read More
Someone once said, 'the best way to calculate your taxes... Read More
"Deducting Meals and Entertainment"O.K. You've been working really hard on... Read More
Many small businesses complain when confronted with the expense of... Read More
Yes, the tax season is upon with the first filing... Read More
Marketing is a necessary expense in running practically any business... Read More
Just image, you are a small manufacturing company, business has... Read More
Q: I was contacted by the city tax collector to... Read More
All states also have their own tax system. Typically there... Read More
Choosing the right tax preparer for your business is a... Read More
NOTE: This is the first in a series of 5... Read More
As a sole proprietor, it's wise to familiarize yourself with... Read More
Assume a buyer in Pakistan downloads software from the Internet... Read More
All tax authorities to e-commerce transactions should investigate the record... Read More
The IRS has obtained civil injunctions against more than 100... Read More
Small Businesses Filing Amended Federal Tax Returns to... Read More
Your days as an entrepreneur and businessperson are consumed with... Read More
Should I take wages or dividends from my privately owned... Read More
If you are a Small Business Owner or Self-Employed Person,... Read More
Excerpted from the new book, "How to Do Space Age... Read More
Haven't done your taxes yet? No problem. Now there is... Read More
Newlyweds and the recently divorced should make sure that names... Read More
Why a Corporation Helps Save You TaxesThe Tax Rates (Notice... Read More
We all love to criticize the IRS, don't we? And... Read More
Statistics for IndividualsUnfortunately, the IRS increased its rate of auditing... Read More
If you paid someone to care for a child so... Read More
Once a year Canadian taxpayers are required, by law, to... Read More
Emerging Legal issues of Tax compliance of e-business Self-assessment system... Read More
As an employer, you must pay employment taxes if you... Read More
The United States is a nation of entrepreneurs. There are... Read More
Many taxpayers are confused about how long they should keep... Read More
It's a moment every person dreads. You pick up the... Read More
Tax Tax |