Get prepared for 2009!

1. iLearningGlobal.tv
Excerpts from Sandy Botkin’s videos on iLearningGlobal.tv
“ … If I can put between $5 - $30 Thousand in your pocket as a result of my
tax course at ILearningGlobal and bullet-proof your records for the IRS so
What You Know
that this income saved will pay for all ILG subscriptions and
What You Know That You Don’t Know
expenses, would this be something that would interest
What You Don’t Know
you? This is what we are going to do.”
- Sandy Botkin – Ilearning Global faculty member
Sandy Botkin
Lawyer/CPA
Trainer of IRS Attorneys Nationwide
Endorsed in 46 States, CPA’s, All 50 States by Financial
Planners
Sandy started the Tax Reduction Institute (TRI) because he discovered that
people were way overpaying their taxes. The goal is to substantially reduce
their taxes, increase their deductions while at the
Starteling survey of TRI workshop participants
same time not increasing the chances of an audit.
Ave. Deductions Before After
Entertainment $1,500 $ 4,000
Travel 500 1,900
85% of all multi-millionaires advise - getting
Automobile 3,000 8,500
your taxes down to the legal minimum.
Hiring Relatives 600 5,000
• You don’t have to make a lot of money to be rich
Pension, IRA 2,000 7,500
• Save 10% of what you earn
Other 400 2,000
• Diversify the investments
TOTAL $8,000 $28,900
With a little knowledge, you can legally save
money in taxes – new investments / reduce debt
A business that generates federal tax loss – any category – can
carry forward all business losses up to 20 years
Why businesses fail…
1. Not willing to work 2. Lack of marketing training 3. Lack of business training
If you operate business like a business, you can have losses year after year.
Business Plan – 5 years of income projections
Consult with experts – follow / document – good tax diary
45 minutes/day 4-5 days/week Show regular working activity
NOTHING IS MORE IMPORTANT THAN KNOWLEDGE