tupelo905's picture
From tupelo905 rss RSS  subscribe Subscribe

Why Pay If You Don’t Have To (Taxes) 

Beat The IRS, Pay Zero Taxes And Its Completely Legal; The Wealthy Do It All The Time
http://tinyurl.com/beat-irs

 

 
 
Tags:  pay less taxes  pay zero taxes  less taxe  zero taxes  taxes  pay less taxes 2011  pay less taxes 2012  pay zero taxes 2011  pay zero taxes 2012  tax deduction  learn about taxes  tax deductions  tax exemptions  tax free 
Views:  70
Published:  January 20, 2012
 
0
download

Share plick with friends Share
save to favorite
Report Abuse Report Abuse
 
Related Plicks
Its Legal No More Taxes

Its Legal No More Taxes

From: tupelo905
Views: 249 Comments: 0
Beat The IRS, Pay Zero Taxes And Its Completely Legal; The Wealthy Do It All The Time
http://tinyurl.com/beat-irs
 
Learn Everything About Tax Exemptions

Learn Everything About Tax Exemptions

From: tupelo905
Views: 154 Comments: 0
Beat The IRS, Pay Zero Taxes And Its Completely Legal; The Wealthy Do It All The Time
http://tinyurl.com/beat-irs
 
Tax Guidelines Made Easy For Dummies(Everybody)

Tax Guidelines Made Easy For Dummies(Everybody)

From: tupelo905
Views: 140 Comments: 0
Beat The IRS, Pay Zero Taxes And Its Completely Legal; The Wealthy Do It All The Time
http://tinyurl.com/beat-irs
 
Its Legal Pay Less Taxes

Its Legal Pay Less Taxes

From: tupelo905
Views: 291 Comments: 0
Beat The IRS, Pay Zero Taxes And Its Completely Legal; The Wealthy Do It All The Time
http://tinyurl.com/beat-irs
 
Tax Free For Life

Tax Free For Life

From: tupelo905
Views: 203 Comments: 0
Beat The IRS, Pay Zero Taxes And Its Completely Legal; The Wealthy Do It All The Time
http://tinyurl.com/beat-irs
 
Tax Time Everyones Favorite Holiday

Tax Time Everyones Favorite Holiday

From: tupelo905
Views: 263 Comments: 0
Beat The IRS, Pay Zero Taxes And Its Completely Legal; The Wealthy Do It All The Time
http://tinyurl.com/beat-irs
 
Every Tax Deduction You Should Know

Every Tax Deduction You Should Know

From: tupelo905
Views: 126 Comments: 0
Beat The IRS, Pay Zero Taxes And Its Completely Legal; The Wealthy Do It All The Time
http://tinyurl.com/beat-irs
 
See all 
 
More from this user
Every Tax Shelter You Should Know

Every Tax Shelter You Should Know

From: tupelo905
Views: 311
Comments: 0

Read This! No More Taxes

Read This! No More Taxes

From: tupelo905
Views: 81
Comments: 0

Tax Time! Be Prepared

Tax Time! Be Prepared

From: tupelo905
Views: 101
Comments: 0

Most Tax Deductions Ever

Most Tax Deductions Ever

From: tupelo905
Views: 110
Comments: 0

Learn What The Wealthy Have Known For Years

Learn What The Wealthy Have Known For Years

From: tupelo905
Views: 76
Comments: 0

Tax Strategies You Need To Know

Tax Strategies You Need To Know

From: tupelo905
Views: 73
Comments: 0

See all 
 
 
 URL:          AddThis Social Bookmark Button
Embed Thin Player: (fits in most blogs)
Embed Full Player :
 
 

Name

Email (will NOT be shown to other users)

 

 
 
Comments: (watch)
 
 
Notes:
 
Slide 1: ==== ==== Pay Zero Taxes Like The Wealthy Do http://tinyurl.com/beat-irs ==== ==== Everyone wants to know how to fill out their tax return for the minimum amount of legally required taxes. To achieve this, you must understand tax credits and deductions. Tax credits are more valuable because they directly reduce taxes. A tax deduction reduces the amount of income that you are taxed on. For example, a 30% tax on $100,000 would result in a tax of $30,000. A tax credit of $10,000 is subtracted from the taxes owed and results in a $20,000 tax. A tax deduction of 10,000 reduces the income to $90,000 and results in a tax of $27,000 (30% of $90,000= $27,000). The best starting point is keeping a list of tax deductibles during the year using a 12month expense worksheet. Tax Credits Tax credits are available for a number of reasons, some of which only apply to a small number of tax filers. However, three tax credits that many can use are: 1) Child Care Tax Credit: Available to anyone who pays someone to care for their under-age 13 child. If married, your spouse must also work or be a student. Your list of tax deductibles must include the name and social security number of your care provider. Without this information, your child care credit will be denied 2) Dependent Child Credit: If you have at least one dependent child under the age 17, you may qualify for this credit. Since the credit is phased out for higher income filers, those with high adjusted gross incomes may not qualify. However, if you do qualify, the dependent child credit is a "refundable credit," meaning you receive the full credit even if it exceeds the amount of your federal income tax. 3) Tuition Tax Credits: There are two types of tuition tax credits, the Hope Scholarship and Lifetime Learning Credits. Again, these credits phase out for high income filers. Tax Deductions Tax payers can choose to take the standard deduction or to itemize their deductions. In order to make a smart choice, you need to keep a list of tax deductibles. If the total of your deductibles is greater than the standard deduction, you should choose to itemize your deductions on Form 1040, Schedule A. A list of tax deductibles include: 1) Charitable Contributions: You can consider charitable contributions to qualified organizations as a tax deduction. 2) Medical/ Dental Expenses: You can deduct medical and dental expenses for yourself, spouse and dependents that exceed 7.5% of your adjusted gross income. 3) Business Expenses: There are a number of business expenses including Business Use of Home, Business Use of Car, Business Travel Expenses, Business Entertainment Expenses,
Slide 2: Educational Expenses, and Employee Business Expenses that are itemized deductions. Therefore, keeping track of your business tax deductibles is critical. Employees can only claim business use of their personal property if the use is for the convenience of their employer and it is required as a condition of employment. 4) IRA: Contributions to an IRA can lead to increased retirement savings. Ian Pennington is an accomplished niche website developer and author. To learn more about List of Tax Deductibles, please visit Home Business Scam Blog for current articles and discussions. Article Source: http://EzineArticles.com/?expert=Ian_Pennington ==== ==== Pay Zero Taxes Like The Wealthy Do http://tinyurl.com/beat-irs ==== ====

   
Time on Slide Time on Plick
Slides per Visit Slide Views Views by Location