In this article I want to reveal a couple of ways of how to keep more of the money you make. The following examples would be:
1.Opening a legitimate home based business-this decreases your tax liability, you can pay your taxes after your business expenses. Please make sure you have all of your paper work in order. You must be able to prove your expenses or you will be hit with a tax penalty so stay organized. America rewards job creation thus giving tax advantages to businesses. Read more at http://www.irs.gov/publications/p463/ch05.html
2.Owning Real Estate-Real Estate is the best form of capitalism if your able to get real estate in a down market you can make pretty decent money when the economy picks back up. Also, their are other ways to appreciate the value of your property as far as enhancing the kitchen, bathroom and curb appeal to your property. This is only if your interested in flipping and not the buy and hold strategy. Real estate for the most part appreciates in value while you get monthly residual income from tenants. The government also gives you tax advantages for providing housing for America. No matter whatever else I'm doing I will always invest in real estate ,its a no brainer but make sure to research before you invest. Click the link to learn more http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Rental-Income-and-Expenses-Real-Estate-Tax-Tips
1.Opening a legitimate home based business-this decreases your tax liability, you can pay your taxes after your business expenses. Please make sure you have all of your paper work in order. You must be able to prove your expenses or you will be hit with a tax penalty so stay organized. America rewards job creation thus giving tax advantages to businesses. Read more at http://www.irs.gov/publications/p463/ch05.html
2.Owning Real Estate-Real Estate is the best form of capitalism if your able to get real estate in a down market you can make pretty decent money when the economy picks back up. Also, their are other ways to appreciate the value of your property as far as enhancing the kitchen, bathroom and curb appeal to your property. This is only if your interested in flipping and not the buy and hold strategy. Real estate for the most part appreciates in value while you get monthly residual income from tenants. The government also gives you tax advantages for providing housing for America. No matter whatever else I'm doing I will always invest in real estate ,its a no brainer but make sure to research before you invest. Click the link to learn more http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Rental-Income-and-Expenses-Real-Estate-Tax-Tips
This information is intended for informative purposes only please consult your tax professional. Be Fashionable Be Frugal is not held liable