What I am about to share with you on Network Marketing and Taxes you have not heard ever before. You may not have to pay.
There is a good chance that you are not required to pay income taxes. If you earn money from your MLM or Network marketing, you may not have to pay income taxes on the money. This also may apply to your job.
In order to understand if you have to or not, you have to read the Federal and State statutes that require you to pay taxes and find out, is it you.
There are statutes, and then there are definitions to describe the words use.
Just because a certain word is used that you know doesn't mean it means the same thing you think it does. Confused?
Before I go on, I just want to give you this link to my website. If you just want to reduce the amount of taxes to the lowest percentage possible, then you need to read this page on MLM Tax Deductions. I give you some examples of how you can write off your autoship and your pets on that page.
Back to what I was saying.
Let me give you a perfect example.
United States - You say it means the 50 states? The 50 states and the territories?
Well, when it comes to federal statutes, the United States means Washington DC, Puerto Rico, U. S. Virgin Islands, U.S. Somoa, other territories and other areas in the 50 states that the states Ceded to the Federal government.
So, when you see United States (U.S.) you think it always means what you believe it to mean and it isn't always that way.
I do know about requirements to pay taxes. I was able to tell the corporation I work for that it doesn't apply to me and they no longer take taxes out of my check.
My MLM company, Eniva, rejected my document that I sent them. I may have to take them to court over it now because legally, I am right. I was told that the Director there has not heard of what I was claiming (even though it is right in the Federal Statutes) and so he wont accept it.
I can't help everyone on this issue and I certainly can't help for free on this.
I am willing to bet that I am the only MLM or Network Marketing person around discussing this issue like this.
Just to give you something to think about.
If you want further learning on this topic, read the same book that I read. It is available online and the best resource I ever found on the subject.
Please be sure to send a donation to the author for this great work he did.
Read Free - Online Ebook: The Federal Zone: Cracking the Code of Internal Revenue
Tuesday, March 24, 2009
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