How the IRS Knows You are Operating a Hobby, Not a Business.

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How the IRS Knows You are Operating a Hobby, Not a Business.

There are many business opportunities to earn an extra income or a full time income.  Many will turn to a direct sales or networking marketing opportunity.

The direct sales and networking marketing industry is a popular option for many because it allows for low overhead and the opportunity for a high income, if and only if, you run it as a business. That part is a challenge for most and many times the difference between success and failure.

Now, the key is NOT your definition of what running a business entails, but what the IRS says about it.

The IRS had a $300 BILLION tax gap and they know there are suspicious activities for which individuals will start a “business” where really it was a way where expenses that where incurred could be written off as a loss against earned income… (not a real business, just a way to justify money you would have spent anyways so now you want to turn it into a tax write off).

On the list of IRS suspicious activities include:

  • Fishing
  • Horse Racing
  • Entertaining
  • Photography
  • Direct Sales/Network Marketing

Why is direct sales/network marketing on the list? The IRS knows the pattern for this industry and why 95% are really running a hobby and not a REAL business:

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How to Accelerate Your Profits and Performance

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Today, is our next Top 5% Club monthly membership call on Tuesday, February 8th at 4 pm PST (7 PM EST) for an experience of true leverage to grow your business! I will interview Spike Humer, the CEO and Founder of Spike Humer International.

Spike is widely becoming recognized around the world as THE leading expert in engineering entrepreneurial success stories.

A master at exploding the profit and performance levels of companies, organizations, and individuals, Spike has generated tens of millions of dollars in new revenue for and with his clients.

Spike has transformed the financial and personal futures for audiences as large as 5,000 people throughout the world. He has personally worked with people and companies in over twenty-five countries in literally hundreds of industries and markets.

He is the developer of “The 10 Day Turnaround” technologies for business and life and is co-author of the book “The 10 Day Turnaround for Business”.

Spike has shared the speaking stage with some of the biggest names in business and personal achievement. He has been the “man behind the magic” of some of the most successful on-line product and program joint ventures of the last decade.

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Click here now to register for this powerful
Top 5% Club Preview Teleseminar
http://budurl.com/SpikeTop5
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Get Your Business Off to a Fast Start to Profits™

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Are you ready to take your business to the next level in 2011 with the #1 marketing strategy in the world?

The one that give you the most leverage at the lowest cost to you?

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Go to www.budurl.com/masterJVs for FULL details and to Register Today and save big $$ when you register before December 31st
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Join me and my team of trainers and coaches for three business
life-changing days in Las Vegas as we mentor you in the most powerful marketing strategy to put massive profits in your business…yet one that 99% of stressed, struggling entrepreneurs do not use effectively, if at all.

The good news is that the time is ripe for you to Master True
Leverage for Maximum Profits™ for your business. The method is yours for the taking! Invest a bit of your time in this phenomenal hands-on “boot camp” event, and you can capture forever a workable,
streamlined system for the most powerful marketing tool in existence today — joint ventures!

Join Scott Letourneau, January 28-30, 2011 in Las Vegas, Nevada for THE ULTIMATE JOINT VENTURE BOOT CAMP- Master True Leverage for Maximum Profits™!


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Go to www.budurl.com/masterJVs for FULL details and to Register Today and save big $$ when you register before December 31st
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News Flash: Scott Letourneau to be Interviewed on the Jordan Goodman Money Answers Radio Show!

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Join Jordan Goodman every Monday at 12 PM/PST 3 PM/EST for The Money Answers Show, on the VoiceAmerica Business Channel. He will provide you with a roadmap to making smart money decisions in every area of your personal finances.

July 19th he will be interviewing Scott Letourneau- The Authority on Establishing and Positioning Entrepreneurs for a Fast Start to Profits.

Scott Letourneau will speak with us about his book: “The Insiders Guide to Incorporating Your Business and Protecting Your Assets!” and will give us a few practical tips that we can utilize in our businesses to beat the odds and becomes a small business success.

Go to http://budurl.com/JordanGoodmanRadio for full details to listen to this powerful radio interview with Jordan Goodman and Scott Letourneau on July 19th.

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Protect Your Assets this Week-Incorporating Offer-Extended to June 4th

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Due to the holiday weekend we realize that many weren’t able to access our offer that expired  Friday May 28th.  Therefore, we have extended it to this Friday, June 3rd.

Are you assets really protected in today’s uncertain financial economy?

Even if you have already formed a corporation or LLC for your main operating business is that good enough? Will that protect you?

Here is what your current or future assets are up against:

Shocking Lawsuit Facts:

1. There are nearly 80 million lawsuits filed every year!

2. Frivilous lawsuits cost the U.S. over $200 BILLION per year!

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