tag:blogger.com,1999:blog-8494309285043063074.post4889849230092611446..comments2024-03-26T19:02:26.847-07:00Comments on Amway - The Dream Or The Scheme?: Amway And Tax Time?Joecoolhttp://www.blogger.com/profile/09121920263105613498noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8494309285043063074.post-69582013904752805472011-05-20T18:39:23.129-07:002011-05-20T18:39:23.129-07:00interesting, however when companies like GE pay 0%...interesting, however when companies like GE pay 0% taxes yet still operate successful businesses... how can small businesses not be enticed to try to do the same thing?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8494309285043063074.post-65360424540296293042011-04-04T16:38:39.937-07:002011-04-04T16:38:39.937-07:00If I have the time I may do a more in depth look a...If I have the time I may do a more in depth look at Amway and the allowable IRS deductions. Stay tuned!Joecoolhttps://www.blogger.com/profile/09121920263105613498noreply@blogger.comtag:blogger.com,1999:blog-8494309285043063074.post-49746969482605558672011-04-04T15:38:54.262-07:002011-04-04T15:38:54.262-07:00IRS website has a list of factors that determines ...IRS website has a list of factors that determines whether your 'bidnez' is a hobby or a real business.<br />http://www.irs.gov/newsroom/article/0,,id=169490,00.html<br /><br />What's sticking out of these factors? Yes: PROFIT, PROFIT and even more PROFITS!<br />IRS is not there to help you lessen the pain of losing money in Amway, but simply allow the deduction with eye toward future PROFIT!<br /><br />Not growth in number of downlines, not how much 'better' you become as a person, but PROFIT!<br /><br />Joecool, maybe you can write a blog covering each of these factors outlined by IRS and see how your Amway experience relates to them?rlaurensnoreply@blogger.com