Wealth Habits

CHAPTER 13Three Secret Tax Strategies That Sound Illegal (But Are Actually Totally Legal!)

I'm a law-abiding citizen.

I also love using perfectly legal tax strategies and loopholes that make me think, “How the #&$! is this legal?!”

Hey, I don't make the rules. The IRS does. But if they're going to make rules that sound too good to be true—but are in fact true—you bet I'm going to take advantage of them. And you can too!

I get that these tax secrets—like how to write off luxury SUVs or vacation homes—aren't for everyone, if you're just starting your business. They're more helpful for people who have already advanced in their business earnings.

But if you follow the other steps in this book and build your business right, they could be relevant for you soon.

Not only can these tax secrets excite you by showing you what's possible, they also teach an important lesson: The tax code is written to help business owners and rich people.

You may think, “That's not fair!” but it's a good reason to become a business owner and start building the wealth habits so you can make them work for you too.

Please note, all of these depend on you owning a business. And, as always, I'm not a tax professional. I'm a self-made businesswoman who has done my research (insane amounts of research) and has made use of these strategies, over and over. But you should always consult your own tax professional before using any of these secrets yourself. Okay, now that the legal stuff is out of the way for the ...