Qualify for Lower Taxes With Home Business
4.1 (6 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
45 students enrolled

Qualify for Lower Taxes With Home Business

How to Legally Lower Your Taxes
4.1 (6 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
45 students enrolled
Created by Sandy Ingram
Last updated 11/2019
English
English [Auto]
Current price: $20.99 Original price: $29.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 1 hour on-demand video
  • 4 articles
  • Full lifetime access
  • Access on mobile and TV
  • Assignments
  • Certificate of Completion
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What you'll learn
  • How to lower taxes, legally by starting a home based business
  • How to use a $15 Investment to qualify for a legal home based business
  • The Steps Necessary to make your $15+ Investment a Success
  • How to grow your business while lowering your taxes by hundreds to thousands of dollars each year
Requirements
  • Ability to connect to the Internet
Description

One of the best and easiest ways to lower your annual US taxes is to start a home-based business.  This course shows you how to qualify as a home business using a $15 Domain Name. 

The course explains your legal tax deductions, benefits, loopholes and tax savings, which hundreds of thousands of US tax payers are using each year.  The course is easy to understand and provides insight into how a $15 Domain Name is generating a 4 to 5 figure annual income for people all over the world.

What you need to do.  How to get started.  What you must learn, pitfalls and legalities surrounding the IRS tax laws including the new tax reform that includes Section 199A.

Who this course is for:
  • High wage earners with little to no tax write-offs
  • Low income wage earners who want to increase income potential
  • individuals who want to learn how others are turning a $15 investment into a monthly income
  • Website owners who want to understand how to write-off online growth tools
Course content
Expand all 18 lectures 01:12:26
+ Introduction
1 lecture 04:32

There are serious tax laws on the books surrounding business ventures which are for profit or considered to be a hobby.  This lecture shares insight into the tax codes/laws.  Students will learn how to make sure their home based is considered to be for profit.   This lecture includes information on business loss limitations.

Preview 04:32
+ Tax Write-offs and Tax Deductions for Your $15+ Investment
7 lectures 37:09

NOTE:  Continue and you'll learn which image shows a deduction(s) that is NOT likely to be a legal tax write off.


In this lecture:

  1. What is a legal tax deduction

  2. The three categories of tax deductions

  3.   Including Depreciation and Section 179

  4.   Growing your business is tax deductible


Tax Deduction Part I
04:18

This lecture includes:

  1. The five parts of Schedule C - Overview

  2. Cash Accounting Method

  3. The reason for this course

  4. Which incomes are included on Schedule C

  5. Business Miles (Important)


Tax Deductions Part II Schedule C
08:02

This lecture includes:


  1.   How to "Expense" business equipment using Section 179.

  2.   After 2017 The maximum amount for Section 179 is up to $1M per year

  3.   Example of using the Section 179 - How it can lower taxes by hundreds of thousands of dollars

  4.   Expensing your business growth   

Depreciation and Section 179 Part III
07:50

This lecture includes:

  1.   Cost of goods sold

  2.   Example of online businesses - Cost of Goods Sold

  3.   Operational Expenses

Preview 07:24

This lecture includes:


No, the puppy is NOT tax deductible.  Explanation

1.  Travel Deductions

2.  Legal tax deductions

3.  Examples of tax deductions

Preview 05:44

In this lecture we take at digital marketing tax deductions which can be used to grow your business as well as lower your tax liability.  ALL marketing, advertising, payment to freelancers, payment to online marketing services and educational courses, including this course are tax deductible when pertaining to your business.

Preview 03:24

Information on using the Regular Method Form 8829 - Expenses for Business Use of the Home.   Quiz 1. is designed to share more information on the Home Office deduction.

Business Use of the Home
00:27

This quiz will alert you to tax benefits surrounding miles driven for business and business use of the home.  It's easy quiz designed to share information.  Each of the answers are TRUE.

Quiz Miles Driven for Business & Deduction for Business Use of Home
5 questions

This is an actual quiz with multiple choice questions based on tax deduction content in the course


Summary on Deductions
4 questions
+ The New 199A Tax Deduction
1 lecture 01:06
https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-provision-11011-section-199a-qualified-business-income-deduction-faqs#basic
Review the IRS Description on the 199A Deduction
1 question

The IRS has this awful habit of finding high profile taxpayers who have cheated on their tax returns and placing them in prison for all to see.  They also send people who you've never heard of to prison as well.  This lecture shares how the IRS catches cheaters and how they make their case.  Do yourself a favor and report ALL of your income and keep records to document your write-offs and expenses.

Preview 01:06
+ Estimat
1 lecture 00:39

Learn about Estimated Tax Payments and how to avoid penalties if you owe more than a set amount at the end of the year.  See Resources for a short IRS video.

Understanding Estimated Tax Payments
00:39
+ Learn More About the Instructor and How She Getss Web Traffic
3 lectures 03:26

I am a retired Tax Accountant and Basic Tax Instructor for two of the top Tax Franchise Companies.  I'm also the founder of TaxesWillTravel.com a small mobile tax service in the San Francisco Bay Area.  I recently retired to Mexico to live well on less.  Starting out my retirement income was less than $1200 a month.   I have written two books on my retirement, travels, lifestyle as an expat in Mexico and one book on how I and other expats supplement our monthly income, online.

My Recording Studio During This Course
01:34

How I get high quality targeted web traffic.  Class key code - This information is confidential.

How I Get Legal Web Traffic
00:24

If you don't already have an account with Fiverr.com Here is a Free Coupon you can use.

Example of How I Find Keyword Web Traffic
01:28
+ What's Needed to Change $15+ Investment to Profit
2 lectures 03:39

There are five basic components needed for your success in turning a $15+ Domain Name into a Success.  This lecture list the five components.

Success is a System
00:13

This lecture shares the best way to learn how to build your web traffic  Without web traffic nothing happens.  Learning the correct way to build traffic is crucial to your $15 investment.  This lectures shares how and where to find the best instructors.  To get started right-away check with Lecture 9 - How I Get Web Traffic.  My personal information is not a substitute for learning the correct way to generate web traffic.

There are many people selling web traffic courses, this lectures shows students where to find the affordable, professional and, effective  instructors..

Traffic How and Where to Learn
03:26

This quiz will enable students to make qualified decisions for their $15+ Investment

Training
3 questions
+ Finding Passion and Ideas That Work
2 lectures 16:52

In this Lecture:

1.  Passion results in success

2.  Blog vs Website / Keywords

3.  Tax deductions associated with SEO / Web Traffic / Online Learning

With Passion Comes Success
05:48

This lecture includes instructions on how to find online business ideas and how much each of the websites earn a month.  These are ideas that work and you can duplicate the efforts in your specific niche.


Finding Ideas That Work
11:04
+ Summary Tax Tips
1 lecture 05:02

This is the last lecture in the course.  How to know in July of each year, how much you may owe the IRS at the end of the year.  Easy-Tax-Planning techniques.  How the Schedule C Home Business can help lower your taxes.  How to learn more about taxes on the IRS YouTube Channel.  Please see the Resources for a direct link to the IRS Portal for Small Business owners

Tax Tips for the New Small Business Owner
05:02