tailieunhanh - LOOPHOLES OFTHE RICH How the Rich Legally Make More Money & Pay Less Tax phần 3

cho dù thực hiện bằng tiền mặt hay không. Rõ ràng, việc tính toán lợi nhuận trên đầu tư phức tạp trong hầu như tất cả các lĩnh vực. cácmột CPA, tôi thấy nhiều báo cáo tài chính và trả về thuế của người khác. Một lợi thế tôi có là tôi nhận được để xem những gì là có thật và những gì không. | 48 LOOPHOLES OF THE RICH 5. Do you change your methods of operation in an attempt to improve profitability 6. Do you or your advisors have the knowledge needed to carry on the activity as a successful business 7. Were you successful in making a profit in similar activities in the past 8. Does the activity make a profit in some years How much profit it makes is also considered. 9. Can you expect to make a future profit from the appreciation of the assets used in the activity Ellen was able to prove that she was serious about her business and although there was a business loss in the beginning she was confident that she would soon turn it around to create a profit. We decided to set up an S corporation for Ellen s new venture. This allowed her losses to flow through to their personal tax return where they were able to offset some of Ted s income. Tax savings total from Step 1 loopholes 1 500. Step 2 Hidden Business Deduction We next determined the hidden business deductions for both Ted s and Ellen s businesses. To do this we reviewed the How Do You Spend Your Personal Income portion of their First Step Financial Profile. A copy of this form is more fully discussed at Chapter 9 as part of the Jump Start Your Wealth method. We reviewed the general business deductions to make sure Ted and Ellen took advantage of standard deductions such as inventory items sold computer software advertising and contractors. We also looked at the items that they currently paid for with after-tax money. In other words as employees they made their money paid their taxes and then paid all their expenses with what was left. But as business owners they would make the money pay the business expenses and then pay tax on what is left. The difference is that the business owner will pay much less tax. In the case of Ted and Ellen we discovered another 10 000 in expenses in the form of business use of an automobile meals out educational expenses such as books tapes and subscriptions employing a .