Special Report
How YOU Can Get Uncle Sam to Pick-up the
Full Costs of Running Your Small or Home-Based Business
Congress has told the IRS to reimburse you for
your
sign-up fees,
product purchases,
marketing materials, and even out-of-pocket costs! Details in this Special
Report
Are you like me? Do you hate it when someone offers to give you some really
valuable information, but then they make you wade through 12-15 pages of
"preliminaries" before finally getting to the point? Once you get to "the
point," it usually does deliver on the promise of incredible value, but why
should we have to wade through so much verbiage before getting there?
Do you hate that? Me to, so, in this Special Report, I'll get right to the
point, and then I'll fill you in on the background.
So
here's...
"The Point"
The point is, when you have a qualifying home-business, you can reduce the
amount withheld from your pay for taxes, which will increase the amount of
your take home pay from your "day job."
You say...
"Gimme My Money NOW!"
At the top of this Special Report, we said you can get Uncle Sam to 'pick-up'
the costs of running your small or home-based business - costs like sign-up
fees, product purchases, marketing materials, and even out-of-pocket costs.
Tax deductions are great, but does that mean you have to "carry" all of the
expenses of running your home-based business all year long on your own, and
then get repaid in the form of a Tax Refund the following spring?
NO. As mentioned earlier, you can begin getting hundreds of dollars per
month in cash payments starting almost immediately.
Here's how that works...
Out of every paycheck, before you even see it, your employer has withheld
money, mostly for taxes. Most people do not understand the purpose of
withholding taxes. If you've ever owned a home, you probably understand the
term "escrow." It means that, with each month's house payment, the mortgage
company is also collecting and "holding onto" 1/12th of you, annual
Property Taxes. That way, when the tax bill comes in, your mortgage company
has the money "saved up" to pay it for you. Assuming your property tax amount
does not change mid-year, when the bill comes in the mortgage company will
have "in your escrow account," exactly the amount needed to pay it off.
Withholding taxes work exactly the same way. The number of Allowances you put
on your W-4, a form you filled out your first day on the job, tells your
employer how much you expect to owe in Income Taxes during the course of the
year. The employer,
Here's why: Congress told the IRS to give huge tax deductions to people who
have a small or home-based business. When you can claim more deductions,
you'll pay less in taxes. When the amount of taxes you're required to pay
decreases, the amount of money withheld from your paycheck should also
decrease. When your paycheck withholding decreases, your take-home pay
increases. Usually by hundreds of dollars per month!
The net increase in take-home pay usually is more than enough to cover the
costs of running your small or home-based business - costs like sign-up fees,
product purchases, marketing materials, and even out-of-pocket costs.
Say, What?
That's the bottom line. Now here's a brief explanation... Congress wants to
encourage as many of us as possible to have a small or home-based business.
It's good for the overall U.S. economy and good for economic stability.
Money is a great motivator for the vast majority of us, so Congress passed
legislation to give huge tax breaks to those of us who recently had, currently
have, or are willing to start, a home-based business.
Most of those "breaks" have come in the form of a long list of legal tax
deductions ranging from Rent and Utilities, to Furniture and Furnishings, to
Vacations and Entertainment, to use of your Car and Truck, to the Kids'
Allowance and even sometimes Pet Food! The list goes on and on.
For the right kind of home business, these deductions can literally
slash your taxes in half or more!
You may be thinking, "I don't want to wail until next April 15th to have Uncle
Sam "pay for" the home business I'm running right now!"
To use round numbers, let's say you expect to pay $12,000 in Income Taxes this
year (about the amount someone making $40,000 would normally pay). If you get
paid once a month, your employer will withhold $1,000 from each of your 12
monthly paychecks. If you get paid twice a month, your employer will withhold
$500 out of each of your 24 paychecks. So by year-end, they will have withheld
exactly $12,000 to cover your taxes.
In theory, just like "escrow," the amount withheld during the course of the
entire year, should come out to exactly what you owe in taxes. If your number
of Allowances was computed accurately, at the end of the year you will owe no
additional taxes, and you will get no tax refund. That's the way is should be.
Now, let's say that, thanks to your home-based business and the tax breaks you
are just starting to learn about, you compute that your taxes are going to be
reduced by 50% (which is realistic for many, many people).
Guess what? Your employer now will only have to withhold half as much
taxes from each of your paychecks. Borrowing from the previous example, if
your employer was withholding $1,000 per month for taxes, they now
will only have to withhold $500!
Any idea what happens to the other $500?
It shows up in your paycheck, putting
extra $500 cash in your pocket per month,
every month for the rest
of your working life!
It's almost like giving yourself an
"automatic pay raise!"
That's "The Point"
For most people that "automatic pay raise" is more than enough to pay for your
home-business start-up fees, product purchases, marketing materials, and even
out-of-pocket costs.
Now you know how you can get Uncle Sam to 'pick-up' the costs of running your
small or home-based business. BUT WAIT!
It doesn't happen automatically! In order to get your employer to
withhold a different amount (i.e., less!) from your paychecks,
you must go to your company's payroll office and fill out a revised W-4 Form,
claiming additional Allowances. The more Allowances you claim, the less money
withheld from your pay; the fewer Allowances, the more money withheld.
By the way, the term "Allowances" has absolutely nothing to do with the number
of people in your household. Allowances are not in any way related to
the terms "Dependents" or "Exemptions." Many people with a home-based business
claim 6 or 8 or 10 or even more Allowances, because they know they will
qualify for a large number of the tax deductions passed into law by Congress
for home-business owners.
It is important to accurately determine the value of the tax breaks that you
will qualify for, which is information you will need in order to accurately
determine how any Allowances to claim on your revised W -4, so that you don't
end up owing the IRS money at the end of the year.
NOTE: If the need to make all these
"calculations" and "determinations" is beginning to make you nervous, don't
worry. In a couple minutes, you will learn how to do all of that very
Quickly, honestly and accurately by following a simple step-by-step
process.
How Quickly Can I Get My "Pay Increase?"
How soon will your "automatic pay raise" take
effect?
The answer will pleasantly surprise many people. By law, any employee may
submit a revised W-4 at any time. And, by law, the changes in withholding must
be reflected in the employee's very next paycheck (or the next one
after that, if payroll is already being processed at the time your new W-4 is
submitted).
Depending on how often you are paid, the "extra cash" should begin showing up
in your paycheck within a week or two! That should put a few hundred extra
dollars in your pocket every month.
A few HUNDRED dollars extra cash every month is fabulous, but what would you
say if I could ALSO show you a one-time opportunity to ALSO put a few
THOUSAND dollars ADDITIONAL extra cash in your pocket, courtesy of Uncle Sam?
Could You Use An
EXTRA
Few Thousand
Dollars?
Almost all of the home-business tax breaks we have been discussing also
apply retroactively to the past three tax years. That means if you had
a home-based business in any or all of the past three years, you may be
eligible to file a Form lO40X, Amended Tax Return, for those years, and claim
thousands of dollars in retroactive refunds, and the IRS will
even pay you Interest on the money they refund to you.
How much is it worth to file an amended
return?
Most people, who had a qualifying small or
home-based business in the past three years, can get Refunds of at least
$1,000-$2,000 for each of those three years - plus interest!
So, your total refunds could be in the
range of $3,OOO to $6,000.00 and often the total is far more!
This is not like the "automatic" refund of up to $300 (or $600 for
taxpayers who file a joint return) which the IRS mailed out to most taxpayers
in 2001.
YOUR refund for filing Amended Tax Returns (which is worth ten-times more
than the $300-$600 "tax-windfall," as the media called it) is a
Refund you will only get if you file a claim for it.
Filing the claim is not difficult, but if
you don't file your claim, Uncle Sam gets to keep the money that
could
have been Your Refund!
We all have a legal, moral and ethical obligation to each pay our fair
share in taxes. But none of us is obligated to pay more than our fair
share.
This legal document lets you deduct every
single dollar - no minimum!
Here's the key to putting hundreds in cash in
your pocket every month.
Remember we discussed how having a home-based business
will reduce your taxes, and how reducing your taxes will increase the size of
your paycheck? When you file your revised W-4 with your employer's payroll
office,
your "pay-raise" will cover the $100 you're about to pay for this
Ultimate Tax Reduction System in only a few days time!
If that's not enough, let's make that tiny little price TOTALLY RISK FREE!
he author personally makes this unheard-of money-back
guarantee:
"Image Financial Gold Club will refund every penny you paid for it
- for up to one FULL YEAR! No questions.
No hassle. No fine print. You've got my word on it."
Now, you know that the author would never make a guarantee like that
unless he was absolutely positive that just about
everyone will qualify for new, legal deductions worth far more than
10 times your Purchase Price.
With a full year to use the System and try it out risk-free,
there is absolutely no reason not to Buy this System,
especially at the deep-Acquisition price of ONLY $100.
if you were given this Special Report in time, you can get
$1000's in savings for 2006 for as little as $100.00.
To Get Your Maximum
Deductions And Learn More Simply Click Here
|
SPECIAL REPORT # 2
How to JOLT
Your Prospects Out of Your 'Up line' and Into Your 'Downline'
We all know the "Big Three" when it comes to
objections prospects use to delay joining any great MLM opportunity,
including yours:
1. I don't have the Time,
2.
I'm not good at Selling, and 3. I don't have the Money.
MLM gurus have given us good coaching to help
us overcome the Time objection and the Selling objection, and
many of their recommendations work really well.
But what about the 'Money' objection?
Most MLM business opportunities cost between
$200
and $1,000 or more for "start-up," and then
most require a product purchase minimum of $100$200 each month in order to
remain eligible to receive commissions and bonuses.
For some people, that's a lot of money for
start-up, followed by a heavy monthly commitment. Remember, most people who
are looking for a home-based business, are doing so because they don't
have enough money now.
So they're stuck and frustrated: They don't
have enough money to get into a home-based business, but they know
they'll never get out of their financial rat race unless they do get
into a home-based business.
Have you ever talked with prospects like that?
How do you respond to them? Many of us are taught to say something like: "If
you use our proven system, you should begin earning commissions very quickly,
and as soon as you're earning $100-$200 in monthly commissions, that will be
enough to pay for your monthly purchase requirement."
Does that line work for you? Most agree that
it's a weak response, but it's the best response you've ever had, right? Until
now!!!
NOW your response can be:
"What if I could show you a way to increase
your take-home pay from your current job by $200-$600 per month, starting with
your very next paycheck -without asking your boss for a pay-raise?
If you suddenly had $200-$600 extra cash in
your pocket every month, would you take a portion of that extra cash to
start-up and run a business that could set you on the path toward financial
freedom?"
If they say no, then their real
objection is not about money. So, by asking this question,
you've moved one step closer to discovering their real issue.
BUT,
if they say YES, then you say: "Great! Because there IS a way," and you hand them a copy of It's How
Much You KEEP, That Counts! Not how much you Make, and then FOLLOW THIS
4-STEP PROCESS.....
STEP ONE:
Tell them that when they read this book,
they'll understand exactly how to get an extra $200-$600 per month to begin
"showing up" in paychecks from their "day job." Caution: Resist the temptation
to tell them what they'll be reading in the book, or telling them that the
answer is in Chapter XII. Why? Because you want to follow a process that is
duplicatable. You may understand the tax information in this book well
enough to explain it, but the next person in your downline may not. Not
everybody can become an expert at home-business tax-law, but anybody can hand
someone a book and say "read this."
STEP TWO:
When you hand them the book, tell them that
you can only loan it to them 2 or 3 days, (a) "because it's my only copy and I
refer to it all the time," or (b) "because there are other people I've
promised to loan it to," or (c) any other reason you want to use. This is part
of your "filtering process" for No Support new distributors. If they will not
make time to read information without delay that is this important to their
own financial health, they probably won't be able to make the time to be
successful at your business either. So, get them to promise to read it by an
agreed-upon deadline, and make arrangements for you to pick it up from them at
that time.
STEP THREE:
Call them before picking up the book to make
sure they've had a chance to read it all the way through. If they haven't
finished it, offer them an "extension on the deadline." If they haven't even
started reading it, remind them that it will show them how to put an
extra $200 to $600 cash in their pocket each month automatically.
Remind them that "lack of money" was the one thing they said was holding them
back from going into a business that could set them financially free, and this
book will show them an easy answer to that problem. You can also tell them
that it is easy and fun to read! Then, set a new date and time to pick up your
book.
STEP FOUR:
When you meet them to get your book back,
simply ask, __W ell, what do you think?" The question is intentionally vague.
If they reply with questions about taxes or take-home pay, help them look
up the answers in "It's How Much You KEEP, That Counts! Not how much
you Make." If they reply with questions about your business opportunity,
you'll know that the "money objection" has been addressed, so you can "go for
the close" and sign them up as the newest member of your downline.
But What
if You're Doing "Long-Distance No Support?
Many successful MLMers today are actively
No Support via the Internet and telephone. With those prospects, you can't
hand them a book, so we recommend a similar, but modified, approach....
STEP A: Instead of handing them a book, you
email them a copy of a Special Report called "How YOU Can Get Uncle Sam to
Pick-Up the Full Costs of Starting & Running Your Own Home-Based Business."
STEP B: Agree on a day and time that you will
call them on the phone to discuss what they will have read in the Special
Report.
STEP C: You call them at the appointed hour
and (assuming they've read the Special Report), you ask, "Well, what do you
think?"
The rest is the same as if you were No Support
them in person.
Once You GET Them Onboard, Can You
KEEP Them Onboard?
A recent survey by Money Makers Monthly
concluded that the # 1 reason MLM distributors quit is... they did not earn
their expected income.
Successful MLMers know that it takes a period
of hard, consistent effort before steady income begins to flow. So the
challenge to up line sponsors is to keep the new downline distributors
focused, persistent and motivated until the cash flow is significant enough
for it to become the motivator.
Lean once again on the home-business
tax-reduction strategies explained in "It's How Much You KEEP; That Counts!
Not how much you Make." As long as a person is actively working his or her
home-based business with intent to produce a profit, the
individual can qualify for the whole range of home-business tax-breaks.
So even in the very beginning, when the new
distributor isn't making one dime in commissions or bonuses, the tax breaks
themselves are producing the equivalent of $200 to $600 in monthly income.
That's $2,400 to $7,200 per year in extra cash in the pocket! Not bad for
someone who may not have sold a single product or recruited a single
distributor yet.
So here's the deal...
Once they get tired of struggling with their
new business (hey admit it, it IS hard and frustrating at first!), they may
very well consider quitting. That's when you remind them that their new
tax-breaks STOP the minute they stop running a home-based business with the
intent to produce a profit.
"Okay," you say to them, "if you quit now,
you'll have to go back to giving Uncle Sam the $2,400 to $7,200 he's now
letting you put in your pocket."
Here's a tip:
As soon as you finish the steps outlined on
pages 3 & 4 and the prospect signs-up as your newest distributor, let them
keep the copy of "It's How Much You KEEP, That Counts! Not how much you
Make" which you "loaned" them, and Buy yourself another copy. Why? Three
reasons:
First,
they will read and reread it so that they can
take advantage of all the tax-breaks available to them.
Second,
they will "loan" that book to their
prospects, just like you did with them.
Third,
as long as it is lying on their coffee table,
it is a constant reminder of the tax -savings they get as long as they are
actively running their home-based business.
And remember, the cost of the book you give
away and the replacement copy you Buy for yourself, are both
tax-deductible to you. In fact, you might consider having a few copies
on hand so that you can accelerate your own recruitment efforts as well as the
success of your downline.
"It's How Much You KEEP, That Counts! Not
how much you Make" has multiple
uses. It
will save you, personally, thousands of dollars on your own taxes.
. It is
an invaluable new tool for helping to recruit downline into your business,
since it is the only legitimate answer to the "money objection."
. The
dozens of tax-breaks described in it, will motivate new
distributors to stay active until their own
commissions and bonuses take over as their motivator.
.
It
can become an invaluable tool for your new distributors to use in No Support
their own downline.
And in classic network marketing terms, the
entire process is duplicatable. You do not have to understand
home-business tax-law, and neither do the people in your downline. But all of
you understand how to hand someone a book or email them a Special Report, and
say "read this."
Try it. It works!
ORDER ADDITIONAL COPIES TO USE AS MARKETING TOOLS.
It's How Much You KEEP, That
Counts! Not how much you Make
To Get Your Maximum
Deductions And Learn More Simply Click Here
|
SPECIAL REPORT # 3 for 'Inactive' MLM Networkers
Wake-Up-Call for "Sleeping Downlines"
Giving Up on Your Home-Based Business Means
You'll Pay Thousands More in Taxes,
Guaranteed!!!
Congress has authorized thousands of dollars
worth of tax breaks for just about anyone who is TRYING to make a
profit in their home-based business, even during the months (or even years!)
it may take for the business to become successful.
Yes, the law says that if you have the
intent to produce a profit, you can qualify for dozens of tax
deductions, and those deductions can put hundreds of dollars of CASH
in your pocket, every month, starting IMMEDIATELY.
To qualify for the tax breaks and to get the
cash payments, you must be able to prove to the IRS that you have intent
to produce a profit, and that you are actively working on it.
That's it!
Look, here's the deal. .. The government wants
you to have a successful home-based business, because it's good for the U. S. economy. But they also know that it
usually takes a while for any new business to begin making a
profit. So your tax breaks begin the very day you start a
business. And that puts cash in your pocket NOW.
How does that work? Well, the amount that is
withheld from your paycheck at your "regular job" depends on how much you
expect to pay in taxes. The withholding amount is determined by the number of "allowances" you put on the W-4 you have on
file with your employer's payroll office.
If you now determine that having a home-based
business will cut your taxes in half (which is realistic for many, many
people!), then you can change your W -4 to reflect you new tax
situation. That will result in less of your hard-earned dollars being withheld
from your paycheck for taxes, which means more dollars put into your
take-home pay.
For many wage earners, this results in a
$200-$600 per month increase in their take-home pay. That's every month for
the rest of your working life.
What would it take for you to qualify? Not
much...
The IRS uses 8 guidelines to determine if you qualify,
and it is not hard to meet all of them. Here they are:
1. Have expertise in the subject area of
your business OR be working with someone who does have that
expertise.
If
your business is (or was) an MLM, which means you can qualify simply by
working with your up line, training calls, 3-way calls, etc.
2. Put time and effort into running your
home-based business.
If you
are "inactive," this is why you do not qualify for the tax breaks that active
MLMers are getting. But, as soon as you begil1 putting time and effort (even a small amount of time and effort) into your business again, you
immediately meet this requirement.
3. Conduct your business in a businesslike
manner.
If all
of your "business activity" is conducted over lunch with friends or coworkers,
you probably will not meet this guideline, but if you do conference
calls, hold meetings in your home, send "prospecting" letters and emails, and
hand out business cards and/or flyers, you can easily qualify.
4. Show that you have had business-related
success in the past.
This guideline is very broad, so almost anybody can meet this one Some
kind of business success in something - that's it!
5. Expect that the assets you use in your
business will be worth more over time.
Hey,
if you didn't expect that the assets you use in your business would be worth
more as time goes on, you wouldn't be in this business, right? Of course you
can meet this guideline.
6. Your history of profit or loss with this
particular business.
If
you've been in this same business for a long time, and year after year you
lose money at it, the IRS is going to become skeptical regarding whether or
not you have intent to produce a profit.' But if this is a fairly new business
venture for you, it's okay if it takes a while to become profitable.
7. Amount of "occasional profits," if any.
This guideline probably won't apply to you because like #6 it applies to
people who have been running the same (unprofitable) business for a long time.
The purpose of these 2 guidelines is to weed-out those people who are in
business with intent to produce tax write-offs, as opposed to
having ”intent to produce a profit."
8. The role of "pleasure" or "recreation" in
your business.
If you
conduct the majority of your "business" on the golf course it just may look to
the IRS like you are in business in order to write-off your greens fees or
club dues. It is highly unlikely that this would apply to you.
So, as you see, #1 and #2 are the keys. All
you have to do is to honestly be pursuing a profit and
honestly be working your business. How hard can that be?
You do have to be able to prove both of those, but here's how you do
that. . .
Proving that you have intent to produce a profit" can best be supported by
having a Business Plan. (At the end of this report, we'll show you where to
get a fill-in-the-blanks business: plan which meets all IRS requirements.)
.
Proving that you're putting time and effort into running your
home-based business is incredibly easy
- IF you are actively engaged in
your MLM.
What all can you deduct if you have an active
home-based business?
A lot,
such as...
*
Large percentage of your mortgage or rent
(yes, rent!),
*
Utilities,
*
Computers,
*
Fax machines,
*
Internet access fees,
*
Cellular phones,
*
Furniture,
*
Home maintenance costs,
*
Vehicle operating costs (even "commuting," using the IRS "Two Business
Location Rule"),
* ALL medical expenses,
*
Long distance phone bills,
*
Allowance for the Kids, and sometimes even
*
Food for the Pets!
The list is almost endless. BUT
you can on If qualify for the deductions if you have an
active home-based business, so if you have become inactive in your
MLM, think about what that costs you.
Not being active is costing you thousands and
thousands of dollars in lost tax deductions, and that translates into hundreds
of dollars of cash that could be in your pocket every single
month!
Truly this is a no-brainer. Having a
home-based business immediately produces hundreds of dollars of cash in your
pocket every month, even before you make a dime on commissions, bonuses,
payouts or referral fees.
Now, do yourself two favors:
FIRST,
Call your up line today and tell him or her
that you want to activate immediately!
THEN,
learn the details of the dozens of easy-to-qualify-for tax deductions "1t's How Much You
KEEP, That Counts! Not how much you Make!" The Ultimate Tax Reduction System
utilizes a business or a Home-Based Businesses. (It costs a mere $100.00 to
get started.)
The Ultimate Tax-Reduction System for Home-Based Businesses is "It's
How Much You KEEP, That Counts! Not how much you Make," a
step-by-step guide to the dozens of tax deductions authorized by Congress for
taxpayer: who run a home-based business.
To Get Your Maximum
Deductions And Learn More Simply Click Here
|