76 Ways to Maximize Expense Account Deductions
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Push out into new profitability
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Dear Professional:

Times are tough all over. Too many companies are circling the drain. The best of those companies – the ones that will survive – are breaking out of old assumptions and brainstorming new ways to make use of existing resources.

If you want to be seen as a player with a secure role in your company’s future, you need to demonstrate your ability to kick-start growth.
So where can you look for ingenious strategies that will help your company surge? Right in the dusty old U.S Tax Code, of course!

No kidding …
buried in the thousands of pages of tedious code, you can drag out amazing expense account powers that will revitalize your company infrastructure and keep you flying high with customers!
Or …

you can take advantage of our research. In one slim plain-English volume, 76 Ways to Maximize Your Expense Account Deductions, we’ve translated the 2009 IRS code into 76 exciting business-building strategies. For example:
  • Are your company vehicles running rough? Or are they simply not impressive to customers? Replace them with these popular IRS-sanctioned vehicles and write off the entire cost in Year One!
  • The IRS no longer allows business entertainment at swanky facilities like skiing lodges, beach houses, hotel suites, or even your swimming pool club house. But it will happily pay for a business-related cruise on a U.S. cruise ship!
  • New restrictions on deducting foreign travel can dampen customer relations. But not if you know that the IRS considers these exotic locales “domestic”: American Samoa, Barbados, Bermuda, Costa Rica, Guam, Jamaica, Mexico, Micronesia, Puerto Rico, Saint Lucia – and many more sun-drenched play spots!
“Just hunker down” is exactly the wrong response
to tough economic times.
checkbox To help your company, heed Warren Buffett’s advice to “Be greedy when others are fearful.” The IRS is urging you to supercharge your expense account with the strategies found in 76 Ways to Maximize Your Expense Account Deductions. So get out there and find the new opportunities that are waiting for you!
Yes! Let’s get started lowering expenses and raising revenue!
We respect your privacy.
Yes, the IRS has cut back on many networking opportunities. But a close read of the code – or a fast scan of 76 Ways to Maximize Expense Account Deductions – reveals other ways to reach out and touch new and existing customers.
What about corporate acquisition? Is it too risky in this economic environment?

Not if you allow the IRS to help. Go ahead and investigate your floundering competitors.
Fly out, wine and dine the insiders. If the acquisition works out and cash starts
rolling in, great! If not, the IRS will pick up your travel and expense tab just for checking it out.

How can I mix 2009 business and pleasure travel and write off the maximum?

Even the IRS agrees there’s a way to deduct all your expenses … no questions asked.
Just make sure that you extend the fun through Saturday night. When you show
the air fare savings for Sunday travel outweigh the extra T&E expense, the IRS will pick up your tab.
“Just hunker down” is exactly the wrong response
to tough economic times.
checkbox To help your company, heed Warren Buffett’s advice to “Be greedy when others are fearful.” The IRS is urging you to supercharge your expense account with the strategies found in 76 Ways to Maximize Your Expense Account Deductions. So get out there and find the new opportunities that are waiting for you!
Yes! Let’s get started lowering expenses and raising revenue!
We respect your privacy.
Want to see for yourself how the strategies revealed in 76 Ways to Maximize Expense Account Deductions can help grow your company through the recession? The Table of Contents follows. Section I is loaded with 60 bold, legally sanctioned strategies that we guarantee will grow your business and make you look forward to business travel:

Section I: What’s Deductible or Not

Travel Expenses
  • Travel expenses in pursuit of a trade or business
     
  • Travel expenses and income production
  • Investment seminars and conventions
  • Travel as a form of education
  • Expenses to seek new employment
  • New business location
  • Seeking foreign markets for existing products
Meals and Lodging While Traveling
  • Defining ‘home’ for travel purposes
  • Two places of business
  • Salesperson’s ‘tax home’
  • Temporary assignments
  • Indefinite assignments
  • Requirement of overnight travel
  • Domestic travel for business and pleasure
  • Saturday night stay-over rule
  • Travel expenses for spouse or other family members
  • Foreign business trips
  • Foreign combined business/pleasure trips
  • Limits on luxury water travel
  • Train travel versus air travel
  • Cost of local travel
  • Commuting expenses
Cost of Operating and Maintaining Business Vehicles
  • Personal and business use of a car
  • Standard mileage rates
  • Use of standard mileage rates
  • Standard rate for alternating use of two cars
  • Mileage and reimbursements
  • Deductible nonbusiness car expenses
  • Cost of traffic violations
  • Bigger deductions for ‘heavy’ SUVs
  • Even better: Buying a heavy non-SUV
Entertainment
  • Ordinary versus lavish entertainment expenses
  • Entertaining at home
  • The 50 percent rule
  • Who can be entertained?
  • Entertainment directly related to trade or business
  • Entertainment in a clear business setting
  • Entertainment associated with a trade or business
  • Defining a business discussion
  • Goodwill entertaining
Yachts, Vacation Resorts and Other Special Circumstances
  • Deductions for sky boxes
  • Reduced deductions for personal use of company aircraft
  • Meals while on travel status
  • Business program lunches or dinners
  • Company-provided meals
  • Employee activities
  • Director, stockholder or employee meetings
  • Trade association meetings
  • Expenses for spouses
  • Reciprocal entertaining
Business Gifts as Deductible Expenses
  • When the $25 limit doesn’t apply
Claiming and Proving T&E Deductions
  • Expense allowances and reimbursements
  • T&E checklist
  • Benefits of adequate accounting
  • Logging expenditures
  • Adequate accounting for mileage allowance
  • Adequate per diem accounting
  • Allowances for related employees
  • Employer controls for adequate accounting
  • Ensuring unreimbursed outlay is necessary
  • Closely held corporations
All That PLUS a 100% Iron-Clad Money-Back Guarantee

All of the 76 strategies are 100% guaranteed to boost your bottom line either through lowered expenses or increased revenue. If your company doesn’t immediately profit from your purchase, we will return every penny you paid, no questions asked.

Now read  on for 16 ways to lock in your advantages with the IRS …
“Just hunker down” is exactly the wrong response
to tough economic times.
checkbox To help your company, heed Warren Buffett’s advice to “Be greedy when others are fearful.” The IRS is urging you to supercharge your expense account with the strategies found in 76 Ways to Maximize Your Expense Account Deductions. So get out there and find the new opportunities that are waiting for you!
Yes! Let’s get started lowering expenses and raising revenue!
We respect your privacy. 
Section II of 76 Ways to Maximize Expense Account Deductions seals the deal by showing you quick ways to manage the paperwork of expense account deductions.

Because it’s critically important to record your deductions the way the IRS wants to see them. If you don’t, and the IRS disallows deductions for your reimbursed expenses, your taxes will skyrocket because the reimbursements become taxable income.

And it gets worse. If you have a closely held C corporation, a disallowed deduction can result in a double tax to the C corporation employer and the shareholder-employee. In other words, the employer’s deduction is wiped out, and the amount is tacked on to the employee’s income as a taxable dividend.

But you can avoid those problems with 16 simple ways to keep your paperwork in order.

Section II: Backup Records to Support Your Deductions

Substantiation Rules for T&E and Listed Property
  • Proving travel expenses
  • Proving entertainment expenses
  • Proving business gift expenses
  • Keeping a diary, account book or other record
  • Timely records
  • When documentary evidence is required
  • Confidential information
  • Entertaining large and small groups
  • Employer’s records and supporting documents
  • Form of records
  • Establishing amount of expenditure
  • Retention of records and receipts
  • Factors you must prove to substantiate expenditures
  • Record-keeping rules for local transportation expenses
Disallowance of Deductions
  • How disallowed T&E expenses cause trouble
  • Civil and criminal tax penalties
Review these 16 ways to record your tax savings, and you’ll do more than sleep well. Proper accounting can generate breaks for both the employer and the employee:
  • No withholding is required
  • You don’t need to file a Form 1099 information return
  • You can use the quick-calculating standard mileage deduction
“Just hunker down” is exactly the wrong response
to tough economic times.
checkbox To help your company, heed Warren Buffett’s advice to “Be greedy when others are fearful.” The IRS is urging you to supercharge your expense account with the strategies found in 76 Ways to Maximize Your Expense Account Deductions. So get out there and find the new opportunities that are waiting for you!
Yes! Let’s get started lowering expenses and raising revenue!
We respect your privacy. 
The 76 Ways to Maximize Expense Account Deductions listed above are IRS-approved for 2009 and waiting for your review. Get your copy now and the next time you’re told the company needs to find new strategies to cut expenses and increase revenue, you’ll point to your new initiatives (and your new customers) as a model for your co-workers to follow. Order now!

Sincerely,

Phillip A. Ash, CPA
Publisher
P.S. Remember, there's absolutely no risk. If after a quick read of 76 Ways you don't immediately begin lowering expenses and increasing revenue, we'll refund your entire purchase price – no questions asked – and you'll have no further obligation.

P.P.S. You do NOT have to passively suffer through economic hardship. Armed with 76 Ways to Maximize Expense Account Deductions, you'll have all the power you need to pursue new business – and find prosperity again. Get your copy of 76 Ways now!
“Just hunker down” is exactly the wrong response
to tough economic times.
checkbox To help your company, heed Warren Buffett’s advice to “Be greedy when others are fearful.” The IRS is urging you to supercharge your expense account with the strategies found in 76 Ways to Maximize Your Expense Account Deductions. So get out there and find the new opportunities that are waiting for you!
Yes! Let’s get started lowering expenses and raising revenue!
We respect your privacy.