With April 15th just around the corner, we had the perfect guest last night.
Who knew that talking about taxes could be this lively? Meet Roni Deutch – “The Tax Lady” who beats the IRS at their own game, and tells it like it is!
This is one amazing lady and, boy, is she passionate about her work! A successful attorney and entrepreneur, she’s spent over 18 years fighting the IRS and she’s built a multi-million dollar company doing it. She’s even giving H.R. Block a run for their money. She started a franchise operation in 2006 and it’s one of the fastest growing franchises in the country.
With April 15th just around the corner, we had the perfect guest last night.
Who knew that talking about taxes could be this lively? Meet Roni Deutch – “The Tax Lady” who beats the IRS at their own game, and tells it like it is!
This is one amazing lady and, boy, is she passionate about her work! A successful attorney and entrepreneur, she’s spent over 18 years fighting the IRS and she’s built a multi-million dollar company doing it. She’s even giving H.R. Block a run for their money. She started a franchise operation in 2006 and it’s one of the fastest growing franchises in the country.
Most of us don’t like paying taxes and are afraid of the IRS – and with good reason. If you owe the IRS money, they WILL keep coming after you and take whatever they can.
Roni’s main message was to stop hiding in the closet and face the bogeyman. Education is empowerment. Get some basic knowledge about taxation, learn your rights and discover how to protect yourself. To the caller who talked about “Voluntary Compliance” and believed we don’t have to pay taxes, her response was simple. “Remember Wesley Snipes – He’s in jail.” The IRS is not going away, you will always have to pay taxes, get used to it, become well-informed so you don’t end up a victim.
She was full of valuable information:
1. Always File your Taxes. File by April 15th or file for an extension. If you aren’t ready, don’t file. Yes you pay some interest but it’s better than forgetting an important deduction or failing to declare income.
2. Fund your IRA to the Max. Did you know that the average taxpayer overpays on their taxes by $2000? Don’t use the IRS as your savings bank. You don’t earn interest on that money. Create a new plan for yourself. Claim more dependents on your payroll check, put more away or keep more in your pocket.
3. Take Care of your Tax Bill. If you owe money to the IRS, don’t stick your head in the sand. The IRS is relentless. They WILL levy your account. If you are a W-2 employee, they will garnish your wages. As an independent contractor, they do what is called a BULK levy. BE PROACTIVE when it comes to the IRS.
4. There is Relief if you Owe Taxes and Can’t Afford to Pay the IRS.
You have three options:
a. Installment Agreements
b. Currently Not Collectible
c. Offer in Compromise
These options are for the taxpayer who can substantiate their claim that they don’t have the money to pay the IRS and wants to work out an agreement.
5. Expect more audits in 2009! The IRS is just like you. In this recessionary economy, they need more money! The IRS has announced that they are going to audit small business owners in unprecedented rates this year. Be prepared!
Things that can trigger an audit:
a. Living in Los Angeles (sad but true).
b. Large stated incomes on your return. The IRS then assumes you’re overstating
your deductions.
c. Not reporting W-2 or 1099 income. The government gets these reports from
the companies that employed you. If you don’t declare the income, THEY
KNOW.
d. Excessive meals & entertainment and automobile deductions.
How to avoid an audit:
a. Keep good records
b. Put money away in IRA’s or Retirement Accounts
c. Take full advantage of legitimate deductions
And that is only some of what she covered on the call. Other topics included levies, IRA’s, Obama’s Stimulus package and how it affects your taxes, record-keeping and much more.
The hour was packed with information that you can find in her book and by listening to the call. If you missed this amazing call, you can still hear it live over the next 24 hours by clicking here http://budurl.com/freereplay
I highly recommend you purchase Roni’s book, the Tax Lady’s Guide to Beating the IRS and Saving Big Bucks on your Taxes. It’s easy to read, funny and accessible. She breaks everything down in layman’s terms so that the average tax payer can understand the basics of taxation, how the IRA operates, what their rights are and how to protect themselves. Be sure you empower yourself this year. Purchase a copy of Roni’s book
We have sixteen amazing speakers coming up in the next eight weeks including bestselling authors, financial and wealth creation experts such as Joe Vitale, Spencer Sherman and Chellie Campbell. Sign up NOW for our Fre*e teleseminar series: http://budurl.com/freedom2 and receive all the information and reminder emails PLUS the great fre’e bonuses.
You can also purchase the entire series at a great price, so you can listen to these valuable speakers at your convenience and be able to replay them and catch the nuances and life-changing ideas that are so easy to miss at a first pass- Just go to http://budurl.com/financial
For more information about Roni’s company’s services and the Roni Deutch Centers Go to: http://www.ronideutch.com/ Or, learn about her franchise program here: http://www.rdtcfranchise.com/
Up Next: Karen Curry on Monday April 13th 5:00PM Pacific
Single mom of four children and $80,000 in credit card debt to recipient of Rich Chicks award in 2007 – Voted the Year’s Most Innovative Businesswoman, Karen Curry and her Prosperity Revolution program is a wake-up call if you are sleep-walking through this time of opportunity. Call in to listen to Karen Curry live on Monday April 13 at 5:00PM Pacific, 6 PM Mountain, 7 PM Central, 8 PM Eastern. One hour long.
And remember, Expect a Miracle,
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