How to Lower Your Income Tax Burden by Tapping Into Your Time Equity

This income-tax-saving article was written specifically for employees.

Difficulty: Easy

Instructions

Things You'll Need:

• About 3 minutes/day of time equity.

1. Identify a credible, zero-cost, risk-free vested interest franchise operation to partner with, working from your home, in your spare-time. (As long as you have a profit motive, you meet the United States Internal Revenue Service' s test for being in business - you do not have to spend money to 'buy' a business to be in business)

2. Maintain excellent records of every activity you perform, every dollar you spend and every mile you travel, every day of every year.

3. Find a credible income tax preparer that specializes in small business deductions and turn your annual records from Step 2 above over to him/her so they can perform their income tax savings magic!

Tips & Warnings

• Income tax experts agree that the SINGLE BEST way for employees to lower their income tax burden is to own a side business.
• Visit New2Market.com to research a credible vested interest franchise partner.
• Professionally printed business cards can be ordered for FREE from Vistaprint.com
• Try to find an operation with a corporate partner that has been in business longer than 10 years with a successful track record (this will lend credibility to your profit motive).
• Be careful to not get involved in a scam operation.
• You should not have to invest money to become a partner of a legitimate vested interest franchise operation that you will work out of your home in your spare-time.
• Be sure the business owner you partner with has a vested interest in your long-term success.