I didn't think so. You could, though, if you lie to the IRS. "But I didn't know I had to pay income taxes on my Squidoo income!" Sorry, jailbird. Ignorance of the 50,000-page tax code is no excuse.
Okay, we’ve established that you prefer a wardrobe of something other than black and white stripes every day, so what should you do to be sure you don’t violate tax law? How do you know if your online business is a business and not just a hobby? How do you find out what online income you are required to report to the IRS? What tax forms do you use? Are there any legal “loopholes” you can use to keep from paying out all your hard-earned profits to the IRS? Aacckkkk! Too many questions! You want answers, right?
I’ve found the answers for you in this brand new, hot-off-the e-press book called eBiz Tax Tips: How to Minimize Your Taxes and Maximize Your Profits. In this book and its accompanying audio and visual presentations you will learn:
- How to turn personal expenses into deductible business expenses
- How to save hundreds to thousands in taxes each year by choosing the right business structure for your business
- The key strategies to keep the IRS from reclassifying your business as a hobby
- How to take full advantage of the home office deduction
- How to maximize the business deductions you are entitled to
- How to pay your kids $5,350 tax-free, every year
And much more...
While the eBiz Tax Tips package was put together primarily with eBay sellers in mind, the vast majority of everything in the package applies to your Squidoo or other online income as well. In fact, there is an excellent chance that you will save far more than the price of the package in the amount of taxes you pay this year alone.
The eBiz Tax Tips package: $97 (and tax deductible). Staying out of jail: Priceless.
Go. Read all about this excellent product now.
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