• CuriousGeorge

    The Tax Deduction Trap 

    by
    CuriousGeorge
    Published on 05-12-2009 09:06 AM

    I hear from home business owners that are starting up a business a lot. We chat back and forth and there are a few common threads or types of ideas that seem to be attractive, but in reality, are dire traps that can ruin a start-up's chance of succeeding.

    One of those traps is the fallacy of tax deductions. It's a vile and wicked trap, very often promoted by people that simply want to sell you something without regards to your long term viability. Let's take a look at tax deductibility and when it's a good thing and when it's seriously stupid.

    Here's something to remember. If it's tax ...
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    Turning your car into a profit center 

    by
    CuriousGeorge
    Published on 05-05-2009 09:04 AM

    In many places, a car is an absolute necessity to get to work, get around, basically just exist and get things done. Unfortunately, they are really expensive things to operate. So, how do you reduce or even disappear the operating costs?

    In the United States, the IRS will supply the means to do this. Pretty amazing, but that's the truth. Here's how it's done.

    First, you need a business. Something designed to produce income, but fits the definition of a business and not a hobby. I have an EIN (Employer Identification Number) from the IRS. You can get these on line at the IRS web site.

    http://www.irs.gov/businesses/small/...=98350,00.html ...
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    Why we founded this forum 

    by
    CuriousGeorge
    Published on 04-30-2009 07:04 AM

    Wow, how to put a lifetime's disappointments, lessons and other kicks in the teeth in one short post. If you followed me over from 4AllAccounts (4AA) you are probably reasonably familiar with my story. For the others, suffice it to say I have seriously been "around the block". I have learned a few things along the way which led to this forum's birth.

    I was fat (still am) dumb and happy (for the most part) with my life until September 25th, 2006. That was the day my middle child, David, had a serious car wreck. It was devastating for the family, for him and most of all, for the finances. I quickly learned something. I was a slave. I mean ...
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