Because someone from the Internal Revenue Service is searching for "Amway and federal tax" and reading the relevant posts on my blog about Amway tax cheats, and because tax season is upon us, I thought I'd revisit the whole "get a tax refund if you're in Amway" scheme that is widely promoted by the Amway cult's leaders and promoters.
Everything in Amway is a tax deductible, according to our Amway upline, and Amway tax returns are considered part of an IBO's revenue, according to our Amway upline. To put it another way, an IBO's only way to make money in Amway is to deduct the costs of running his or her business from the income they get from their regular job, with the only Amway income coming in the form of a tax refund. Our upline assured us that we would receive a substantial tax refund if we deducted all of our Amway expenses, whether they were genuine or not.
When I went to Amway meetings, I sat in on the Platinum level meetings, and it seemed like everyone else in the room was gushing about how things couldn't be better and how their Amway business was booming. Following that, these same IBOs claim they will receive a substantial return after submitting their income taxes.
My Ambot was completely captivated. He had no notion that, according to our upline, the key to earning a tax return was to become an Amway Independent Business Owner (IBO). The government is giving you money for nothing!
Refund? When your company is performing well, it's easy to have a good chuckle.
Ambots are unable to comprehend this concept.
If your firm generates an excessive amount of revenue (income) and you do not have an enough amount of deductions (expenses), you will owe money at tax time. Yay! Everything is going swimmingly!
Generally, if you do not earn much money and your costs exceed your income, the government will pay you a refund. Boo! Business is a load of shite!
To put it another way, it is nearly impossible for an IBO to claim that business is booming and that they are making a lot of money while simultaneously claiming that they are receiving a substantial tax rebate. Alternatively, tax return money from running an Amway firm, as ambots refer to it.
Most Amway IBOs, in addition to being fictitious business owners, hold down a day job with a legitimate corporation and earn regular paychecks. When tax time comes along, those sly Amway bastards deduct all of their Amway expenses (XS, Perfect Water, vitamins, food bars, motels, function tickets, meals, travel, and so on) from their job's revenue, so increasing their take-home pay.
That is the only way most Amway independent business owners (IBOs) make money. By classifying everything they spend on Amway as a business expense and deducting it from their salary, they can reduce their taxable income.
They are little ambot bastards who lie about everything! Tax evaders, take note!
Now here's a major hint, ambots! Food goods (groceries!) and items used for cleaning around the house can't be deducted as business costs in order to earn a tax return unless you run a grocery shop, according to the IRS. If you're an Amway Independent Business Owner (IBO), and you're claiming travel and restaurant expenditures on your taxes, you better be able to demonstrate some sort of Amway income profit from the sale of Amway items. If Uncle Sam manages to track you down, you'll be up the creek without a paddle!
People who run a respectable business that has nothing to do with Amway, how do they feel about it? All legitimate business owners have tax identification numbers, business licences, insurance, and accounting software into which they enter all monies received from clients and all monies paid out in the process of running their businesses. Expenses incurred in the course of conducting business that can be deducted. During tax season, we back it all up on a CD and hand it over to our accountants. This is due to the fact that we are wise enough to hire the services of a professional who checks that we have entered everything correctly and that we have not left any information out, and who also does everything in their power to ensure that they write off as many legitimate expenses as they possibly can so that we have less money to pay back to the government in what we owe in taxes.
Everything in Amway (XS, Perfect Water, vitamins, laundry soap, and cleaning goods, among other things) is a valid business deduction, which is a far cry from "counselling with upline."
Our accountant, by the record, was not in agreement with our Amway upline. Refused to deal with anything that had to do with Amway. Instead of dealing with pyramid scams, accountants prefer to deal with respectable enterprises.
So much for the adage "never challenge your superiors"!
Preparing for an audit is essential if you are running a fictitious Amway business and following your upline's guidance on how to file your taxes so that you can earn your money in Amway by receiving a government tax refund check; otherwise, you could find yourself in serious trouble.
If nothing else, we were told when we visited Amway, that the company is a good tax haven. The taxman, on the other hand, might disagree. Another source of interest is provided below:
The Internal Revenue Service to Amway: The Party's Over!
http://www.hiddenmysteries.org/conspiracy/conspiracy/amwaybush5.shtml
IRS responses to questions about your business or hobby, as well as deductions. http://www.irs.gov/newsroom/article/0,,id=169490,00.html
Peter Reilly's blog entry about Amway Independent Business Owners (IBOs) in tax court, also known as selling soap as a hobby.
http://riles52.blogspot.com/2011/06/selling-soap-as-hobby-amway-ibos-in-tax.html
Peter Reilly has written yet another post regarding taxes and Amway. If you read the first comment, you will find this one to be somewhat intriguing. As is usual with Amway rats whenever blogs like this appear on the Internet, the rats race out of the sewer to confront the truth by coming out swinging with bogus claims in an absurd attempt to divert attention away from the reality about the company. Mr Reilly is accused of murdering his mother by the first ambot to publish a response and a link to his post. The Ambot defence strategy is to lie, deny, and distract!
http://www.forbes.com/sites/peterjreilly/2011/07/26/drag-racing-and-amway-fun-not-profit/
Amway is a firm that engages in multi-level marketing and has operations in more than one hundred countries around the world. Over the course of its history, the corporation has been at the center of a number of issues, including allegations of fraudulent tax refunds and avoidance of tax obligations. In this piece, we will take a more in-depth look at Amway tax refunds and investigate whether or not they are legitimate.
Because they are independent contractors, Amway distributors are responsible for paying their own taxes on the revenue generated by their Amway businesses. As a direct consequence of this, Amway distributors who believe they are entitled to a tax refund on their income taxes may submit a claim for one if they believe they have overpaid their taxes throughout the year.
However, there have been allegations that certain Amway distributors have participated in fraudulent tax return schemes. Distributors are the victims of these cons, which involve filing their tax returns with fabricated expenses so that they can collect higher refunds from the government. Some Amway distributors have also been accused of claiming tax deductions for items that are not linked to their Amway businesses. These expenses could include personal expenses or expenses from other occupations the distributors may have held.
Investigations into these fraudulent claims for tax refunds have been carried out by both the Internal Revenue Service (IRS) and several state tax bodies. In 2010, the Internal Revenue Service began an investigation into Amway distributors who were suspected of taking part in fraudulent schemes involving tax refunds. As a result of the crackdown, the Internal Revenue Service (IRS) issued warning letters to hundreds of Amway distributors, telling them that their tax returns would be scrutinized and asking them to provide supporting documentation.
In addition, Amway has been the target of legal action about tax refunds. Distributors of Amway launched a class-action complaint against the corporation in 2007, stating that the company had deceived them into believing that they were entitled to greater tax refunds than they actually were. The distributors alleged that Amway had misled them into believing that they were entitled to larger tax refunds than they actually were. According to the allegations made in the lawsuit, Amway had misrepresented the tax advantages of their business opportunity in order to entice more people to become distributors.
In 2010, the lawsuit was finally resolved when Amway agreed to pay $56 million to satisfy the charges that were made against them. As part of the terms of the settlement, Amway also promised to give potential distributors with information that is both more accurate and comprehensive regarding the tax benefits associated with their business opportunity.
In conclusion, tax refunds provided by Amway have been the focus of controversy as well as legal action. Amway distributors may be qualified to receive tax refunds; but, in order to do so in a compliant and accurate manner, they must follow certain procedures. Swindling people out of their tax refunds or making up the expenses they report on their tax returns can have severe repercussions, including audits, fines, and sometimes even criminal prosecution. It is critical for Amway distributors to consult with tax experts and to fill out their tax forms with complete and accurate information regarding their revenue and spending.
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