I just got word in writing that
the IRS has officially approved plans to
focus an audit campaign specifically
aimed at small and home-based business
owners who have reported a business
LOSS for 2 or more of the past 3 years.
In fact, I have a copy of their complete “plan
of attack.” Of course, it is marked “Internal
Use Only,” but it’s not “classified” or anything,
so I’m going to spill my guts to you about
everything I know – which is a LOT!
We’ve been through this before, but this plan
has some twists and turns that are new (and,
in my opinion, sinister).
Scheduled launch date: 4 weeks from now.
In war, the best intelligence one side can
ever get, is knowledge of the enemy’s battle
plan. The “element of surprise” is was can
kill you, but knowing in advance WHAT they
are planning to DO, and WHEN and HOW,
you have a fighting chance at victory.
HERE’S WHAT THEY WILL
TRY TO DO TO YOU:
Every year millions of small-business owners
report a Business Loss for variety of reasons.
If losses continue 2-3 years in a row, “Big
Brother’s” tracking system notifies the IRS
Audit Division. Auditors then race to the
“conclusion” that you are not running a “real
business” (i.e., not a for-profit business) or
else (they claim) you’d be profitable by now.
They then conclude that ALL of your business
expenses are NON-Deductible, because
“you are not running a “real business.” That
would leave you with a big fat tax bill!
BUT THE TRUTH ABOUT THAT IS:
To QUALIFY for small-business tax deductions
you must meet only ONE out of two requirements:
OPTION (1):
Report and pay taxes on Business PROFIT.
OR, you have
OPTION (2):
Be able to prove a “PROFIT INTENT –
i.e., prove that you’re legitimately
TRYING to make a profit.
READER ALERT: Auditors are not required
to tell you the truth, or certainly not all of the
truth. That means, they’ll default to Option #1,
above, and they’ll never even bring up #2
unless you do.
YOU HAVE A LEGAL RIGHT
“SAFETY” UNDER OPTION 2:
Source:
IRS Regulations, Section 1.183(b) and
Treasury Regulations, Section 1.183-2(b)
SOLUTION:
As to Option 1, if your business did not
report a profit, we can’t change that;
HOWEVER, as to Option 2, we have
something to work with here.
You are probably wondering, “How can
Someone PROVE an INTENTION to do
something like making a PROFIT in your
business? As it turns out, there IS a way–
an IRS-acceptable way! What is that way?
THAT’S what I will described IN DETAIL
during the web-briefing this coming FRIDAY.
REGISTER NOW for web briefing called:
“Are YOU Sitting on a
Tax-Audit TIME-BOMB?”
DATE: FRIDAY, Dec. 6th
TIME: 12-noon Pac; 1pm Mtn; 2pm Central; 3pm East
REGISTRATION (free): Click HERE
YOU should attend IF:
▪ Your business has NEVER made a Profit
▪ Your business has had a LOSS for 2+ years
▪ Sometimes report a Loss 2-3 years in a row
▪ You have teammates, downline, colleagues
whose business fit the circumstances above
▪ You are a “business survivalist” who is self-
disciplined to always be prepared “just in case”
If you are a “tax smart’ small-business owner
whose business is financially healthy, and if you
do not have people in your life who are struggling
to attain business success, you may not need to
watch the replay. attend. But for the rest of us
THIS WEB-BRIEFING IS PERFECT FOR…
● Bootstrappers who are just trying to make it,
but need the deductions to help while they
work their way to profitability,
AND FOR
● Leaders who are committed to empowering
their followers to achieve the success they
are striving for and deserve.
If what I have written above has intrigued you,
worried you, inspired you or challenged you,
DON’T MISS FRIDAY’S WEB BRIEFING.
Even if you and your business are sitting on
this Tax Audit “Time Bomb,” there ARE things
you CAN DO that actually WILL WORK, and
I reveal every detail this coming Friday, 12/6.
REGISTER NOW for web briefing called:
“Are YOU Sitting on a
Tax-Audit TIME-BOMB?”
DATE: FRIDAY, Dec. 6th
TIME: 12-noon Pac; 1pm Mtn; 2pm Central; 3pm East
REGISTRATION (free): Click HERE
Hope to see you and help you on Friday.
Helping THOUSANDS to SAVE a BUNDLE,
Dr. Ron Mueller, MBA, Ph.D.
Author, Speaker & Small-Biz Tax-Savings Coach
P.S.
If your business is not yet, or not currently,
reporting a business profit, you want to take
this audit-threat very seriously. The IRS will
launch their “focused enforcement effort” just
a few weeks from now. You can bank on that
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