tax tip told by others, we can all share, may not 100% true

1. paper file usually lesser chance get audited compare to e-file
2. send you tax paper in last filing day
3. start a side business so you can file schedule c, TRY TO MAKE SOME MONEY 2 out of 5 years.
4. transportation expense is not deductable when you just going back and forth to work, but you can deduct when you doing business
5. entertainment and meal expense are usually red flag
6. large charitable are bad news (over 5k) but 500 is ok
7. airplane ticket to miami for investment conference is deductable but your cruise ticket to bahama is not. you may want to bring the family if both hu*****and and wife both are corporte executive.
8. you can deduct some hotel expenses(NOT ALL) during the trip but never a vacation home.
9. you can deduct some gas expense if your side busines require power tool to operate, like lawn mow.
10. buy your self a new home every 2 year for some tax free gain.
11. get some rentals you can write off a lot
12. expense are not deductable when your company is in the planning stage, spend $500 to incorparate first then do the thinking.

所有跟帖： 

• Thanks。 -JR98- ♂ (0 bytes) () 04/13/2007 postreply 20:36:03

• 有用。说到底就是的弄个就进项的公司。 --realblue-- ♀ (0 bytes) () 04/13/2007 postreply 20:39:21

• 这个好, 顶!!! -小猫咪- ♀ (0 bytes) () 04/13/2007 postreply 23:15:55