Welcome to Week Three of Build A Financially F.I.T. Business.
Here is your Introduction video (4:50 minutes).
Then, I share the scoop on audits! (21:00 minutes).
HANDOUT: Download IRS Publication 1 – The Taxpayer Bill of Rights
HANDOUT: Download Sample IRS Form 4564 – Information Document Request
EXERCISE: Download Principal Business Activity Codes
Now, let’s get into expenses (20:37 minutes)
And a little deeper in business tax deductions…check out The Fab 15! (16:01 minutes)
And still deeper into business tax deduction with the Feisty Four (19:52 minutes)
EXERCISE: Download Business Deductions Checklist
How do we go about documenting these deductions? Easy Peasy! Grab your beverage of choice, and we’ll dive into it here (37:29 minutes)
EXERCISE: Download Home Office Worksheet
Curious about how the NEW Simplified Option for Home Office Deduction compares to the Regular Method for Home Office Deduction?
EXERCISE: Download Mileage Log as MS Excel Worksheet OR Download Mileage Log as a PDF, print, and hand write
Finish it up with some words on reporting (25:26 minutes)
Here is the 411 on Form 8300 and Reporting Cash Payments of Over $10,000
Congratulations! You are more than halfway through now… I’ll see you over in the Feisty Gal Forum, and talk to you on Friday’s LIVE Q&A Phone Call. Here’s to your Financial Fitness!!