Descriptions

Keep What You Earn? Workshops

Practical Tax Savings Solutions Made

Simple

Taxes are not inevitable. There are many ways to reduce, and even eliminate the amount of tax you owe. But, most tax loopholes are hidden within a maze of voluminous and overly complicated rules and regulations. The KWYE workshops make those tax-saving strategies available to you in a form that?s easy to understand and simple to use.

The # 1 Tax Shelter in America: Your Business

Part I: Tax Saving Strategies for the Self-Employed

This class is designed for ALL self-employed business owners. The tax law contains numerous tax saving advantages for business owners that can save you thousands of dollars every year. Unfortunately, more than 80% of all business owners overpay their taxes because they do not know these strategies or understand how to simply make use of them. The tax saving strategies in this workshop will enable you to simply and significantly reduce your taxes. Specifically you will learn how to:

• Convert everyday living expenses into business deductions
• Know when to take and how to maximize the home-office deduction
• Get the most tax savings out of your car
• Maximize deductions for meals, entertainment and gifts
• Write-off business trips and turn vacations into business trips
• Turn medical and dental expenses into business deductions

In addition, you will learn how to simply, but effectively, Audit Proof your tax return.

The # 1 Tax Shelter in America: Your Business

Part II: More Tax Saving Strategies for the Self Employed

This workshop provides additional tax saving strategies, audit proofing and audit prevention techniques for all business owners. Specifically you will learn:

• Strategies to reduce your Social Security and Medicare Taxes
• How to choose between operating your business as a Sole Proprietorship, S-corporation, C- Corporation, LLC or Partnership
• Which retirement plan will save you the most and strategies to maximize their tax benefit to you
• The tax benefits of paying your child a salary instead of an allowance
• Additional methods to shift income to family members and reduce your taxes
• The tax benefits of hiring workers as independent contractors and how to avoid having the IRS reclassify them as employees

Maximizing the Tax Savings Advantages of S-corporations

S-corporations have great tax savings potential. However, most businesses organized as a S-corporation fall far short of maximizing its tax advantages. In this workshop you will learn all the tax benefits of being an S-corporation and how to simply take advantage of them.

You will learn how to:

• Reduce Social Security and Medicare taxes
• Calculate your salary to minimize your tax
• Avoid creating a red flag
• Turn health insurance premiums into a business deduction
• Write-off the costs for the corporation?s use of your home
• Maximize the deduction for the use of your automobile
• Decide whether you or the corporation should own your car
• Lease equipment from yourself
• Shift income to your children
• Reimburse yourself for everyday living expenses
• Not give the IRS an interest free loan
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Tax Saving Strategies for Real Estate Investors

Real estate investing is the best way to create wealth and shelter income from taxes. This applies whether you own one rental property or are a full-time investor. Tax savings strategies are available to real estate investors at each stage: purchasing, operating, selling, and even before you own your first property. This workshop will show you how to significantly reduce, and even eliminate, your taxes.

You will learn how to:

• Choose the best form of entity to own your property
• Classify closing costs to maximize tax savings
• Maximize the depreciation deduction with asset allocation
• Turn capital improvements into deductible repairs
• Turn your home into a tax shelter
• Avoid or defer taxes when you sell property
• Avoid the Passive Loss Limitation rules
• Write-off start up costs and everyday living expenses

Minimize audit risk and audit proof your tax return.