Thursday, March 22, 2018
Seeing as how Amway Ambots are doing searches for Amway tax refunds it’s a good time to talk about Amway tax evaders.
Nobody likes paying taxes, but something brainwashed Amway Ambots fail to understand is that paying taxes is a sign that you’re successful and profitable in your career. To sum it up simply, make two columns: income and expenses. Total them up. If the income total is higher than the expense total then yay business is going great. But oh shit you got to pay taxes on that income. But that’s a sign of success being profitable in your business. Then the reverse is that the column with the expenses total is higher than the income. Oops business isn’t going so good and for some businesses it takes awhile for the income to grow or maybe its been a bad business year. When you have more expenses that you can write off against your income then you’ll get a refund at tax time. Damn! Business is the shits.
Or if you’re a dumb fuck Amway Ambot you brag you’re getting a tax refund which is pretty much what is taught at Amway meetings that’s the secret to making money in Amway. You write off EVERY Amway expense yup all this shitty food bars and vitamins and the cat piss energy drinks and Communikate and books and tickets to functions and hotels against the income from your real job and you’ll get a refund. So that’s why you hear Amway Ambots lying about how business is going great and at the same time bragging about how they got a tax refund. Bunch of lying scamming fucking Amway assholes.
Uncle Sam disagrees that the only way for an Amway Ambot to make money at their scam is through a tax refund. AUDIT!!!! I mean the IRS has a whole handbook dedicated to Amway IBO’s for their staff to consult because the IRS has determined Amway is an expensive social club and the cult followers have no chance of making money selling soap and snake oil. Does the IRS have a whole handbook dedicated to McDonald’s employees or Chipotle staff? Unlikely because they’re probably not lying scamming tax cheats like Amway Ambots. What does that tell you. There are cases published online about how Ambots are getting audited through scamming on their taxes. And when you’re considering what expenses you can write off, Uncle Sam doesn’t count groceries and household supplies unless of course that’s the nature of your business like you run a restaurant or take in laundry for a living. And even those types of business are looking for ways to keep their costs down and wouldn’t buy overpriced shitty Amway products. So if you can stick it in your mouth and swallow it, don’t expense it on your taxes or you’ll be up shit creek.
I also want to say another scenario for legitimate business owners - not Amway scammers with their pretend business - is that you can get a good accountant and a good financial consultant and with the right investments and write offs you can bring your taxable income down as much as possible and pay less taxes. That’s mostly what real business owners worry about it. How they can pay less taxes.
The assholes in our Amway upline told us that everything to do with “the business” is tax deductible.
Our upline even said our dog food is tax deductible because our dog guards the house where we have Amway meetings.
Now does everyone remember how you can tell when an Amway Ambot is lying? …. Their mouth is moving!
We were told that all Amway products we buy are tax deductible. I seriously doubted that and so did our accountant whose services we use for our legitimate business. The upline made it sound like anything and everything about Amway products and tools is tax deductible and we’ll get our money back in the form of tax refunds and therefore its all free.
For some people this makes it easier to keep shelling out money if they’re given the hope that it will all be returned at the end of the year in the way of a tax refund. To hear upline tell it, this business, if nothing else, is a great tax shelter.
Uncle Sam might disagree.
This is a good example of why its not a good idea to take everything the assholes in the Amway upline says as gospel truth especially in areas that aren’t of their expertise. A person working a J.O.B. as an unskilled laborer or slinging burgers while walking the Amway path to financial freedom (LOL!) is probably not the best expert on what is and what is not a legitimate tax deduction especially if they've never hired the services of a professional accountant. You know an accountant who went to a real business school. Not some jackshit fucking Amway asshole who’s a pretend accountant because he got a degree at Amway University and that qualifies him to give pretend financial advice to dumb asses running pretend Amway businesses.
Fortunately Ambot took the counsel of our knowledgeable, experienced accountant instead of his upline when it came to acceptable tax deductions.
As our accountant tells it to us - save all receipts except for the grocery bills and they can write them off. That would disqualify anything edible/consumable that Amway sells as a tax write off.
That was contradictory advice from the assholes in our Amway upline. They told us to buy Amway drinks and food bars and vitamins because they have high PV/BV.
The same items our accountant tells us that we can not claim on our tax return because they fall under the grocery category.
Use your own judgement on this one. Fortunately Ambot did. Our upline were a bunch of scammers and liars as they shoved the Amway business opportunity down everyone's throats. I disregarded everything they said anyway and am sure glad I didn't listen to them try to scam us about legitimate tax deductions.
So the moral of the story is don’t take tax advice from a lying scamming fucking Amway asshole.
Wednesday, March 21, 2018
Seeing as how someone from the IRS is searching for “Amway and federal tax” and reading the relevant posts on this blog about Amway tax cheaters and tax time is upon us I thought I’d revisit this whole get-a-tax-refund-if-you’re-in-Amway that is widely promoted by the Amway cult leaders.
This was the type of tax advice our Amway upline gave us that everything in Amway is a tax deduction and they consider Amway tax returns as part of an IBO income. What the upline really means is the only way an IBO can make money in Amway is to deduct Amway expenses from the income they earn in their real J.O.B and the only Amway income comes in the form of a tax refund. Our upline told us we’d get a big tax refund deducting all our Amway expenses legitimate or not.
At Amway meetings I attended the Platinum and pretty much everyone else in the room would be bragging how things couldn’t be better and their Amway business is growing. Then these same IBO’s claim they’re getting a large refund after filing their income taxes.
My Ambot was fascinated. He had no idea the secret to getting a tax refund - according to our upline - was to become an Amway IBO. Free money from the government!
Refund? Ha, that’s a laugh when your business is doing good.
Ambots can not grasp this concept.
If your business makes too much money (income) and you don’t have enough deductions (expenses) you owe money at tax time. Yay! Business is going great!
If you do not make much money and your expenses are higher that your income then the government issues you a refund. Boo! Business is the shits!
In other words it is pretty much impossible for an IBO to claim business is going great and they’re making lots of money in Scamway and then talk out of the other side of their mouth about how they’re getting a big tax refund. Or as ambots refer to it: tax return income for running an Amway business.
Most Amway IBO’s in addition to being fake business owners work a dreaded J.O.B. and are employed by a company and receive regular paychecks. When tax time comes around those sneaky Amway bastards deduct all their Amway expenses (XS, Perfect Water, vitamins, food bars, hotels, function tickets, meals, travel, etc) against their job’s income.
That is the only way most IBO’s make money in Amway. By declaring everything they spend on Amway as a business expense and deducting it off their job’s income.
Lying little ambot bastards that they are! Tax cheaters!
Here is a big clue ambots! Unless you own a grocery store, items that you eat (groceries!) and items you use for cleaning up around your house can not be deducted as business expenses in order to get a tax refund. When you’re an Amway IBO if you’re declaring travel and restaurant expenses on your taxes you better be showing some kind of Amway income profit on selling Amway products. If Uncle Sam catches up with you you’ll be up shit creek!
What about people who run a legitimate business that’s got nothing to do with Amway. Legitimate business owners have tax numbers, business licenses, insurance, and accounting software where all monies received from customers and all monies paid out in the course of running our business are entered. Legitimate business expenses that can be used as deductions. We back it all up on a CD and give it to our accountants at tax time. This is because we’re smart enough to hire the services of a professional who checks we entered everything correctly and aren’t missing information and ensures we are not leaving ourselves exposed and who also does their damnedest to make sure they write off as many expenses as they legitimately can so that we have less money to pay back to the government in what we owe in taxes.
Sure the hell beats “counselling with upline” and being told everything in Amway (XS, Perfect Water, vitamins, laundry soap, cleaning products, etc) is a legitimate business deduction!
For the record - our accountant disagreed with the assholes in our Amway upline! Refused to handle anything Amway related. Accountants prefer to deal with legitimate businesses not pyramid schemes.
So much for “never question upline”!
If you are running a pretend Amway business and are taking your upline’s advice on filling out your taxes so that you can earn your money in Amway courtesy of a government tax refund check be prepared to end up in big shit in an audit.
When we were in Amway we were told if nothing else Amway is a good tax shelter. The taxman might disagree. Here is some more interesting reading:
IRS to Amway: The Party’s Over!
And here’s an interesting review of Amway scammers who got audited http://www.ustaxcourt.gov/InOpHistoric/MikhailSummaryGuy.SUM.WPD.pdf
Tax Court denies losses because Amway Ambot didn’t have business plan. Apparently waving an Amway brochure in front of the judge doesn’t cut it! LOL! https://www.forbes.com/sites/peterjreilly/2016/06/25/tax-court-denies-amway-losses-due-to-lack-of-profit-motive/#1d9d90713ab6
The above Forbes link also provides another link that breaks down the Amway loser case and why Ambots don’t operate as real businesses and their “business plan” was Amway brochures.
The underlying message (warning?!) is that absolutely Amway Ambots can write off everything – but what happens if they get audited?! LOL!!!!!
Tuesday, March 20, 2018
With tax deadline creeping up on us I thought I’d share some basic wisdom that real business owners understand but would be beyond the grasp of a brainwashed Amway Ambot.
It’s a simple equation:
PROFIT = INCOME – EXPENSES
Get it people?
Say you’re a real business owner and your expenses for a month might run the gamut of various things, some are constant others occasional. Let’s say you only use your accountant at tax time. That would be an expense that hits one month but not always the other 11 months. Or the expense could vary, say you only have the accountant do occasional work throughout the year, but the granddaddy of it all happens once a year. Other occasional expenses might be renewing a business license or insurance or buying office supplies. Depending on your business regular monthly expenses might include things like payroll if you have employees, rent or mortgage on the place you conduct business, stock to be purchased, telephone, Internet, bank fees, car maintenance, meals, electric, and advertising.
Your income might vary too, depends on the product or service being sold, and if some months are slower than others.
Let’s work in round numbers so it’s easy for me.
Let’s say the real business owner’s income for a month is $15,000.
The expenses for that month are $11,000.
$15,000 (income) minus $11,000 (expenses) = $4,000 (profit).
Easy enough except in the real world we’d be dealing with random dollars and cents because nothing ever rounds up nicely.
Now let’s take a pretend business owner like an Amway Ambot.
$10 (income aka rebate on buying at least 100PV of shitty overpriced Amway products) minus $700 (expenses like buying at least $300 in Amway products, investing in the Amway tool scam – spending money on tickets and costs to get to Amway cult meetings) = $690 (profit).
Oops fuck! Forgot to put a minus in there. Make that -$690 loss.
Yup that’s right. LOSS!
As in a profit and loss statement where real business owners log and track.
$690 in the red!
Let’s say the real business owner has some ups and downs in the year but his or her net annual profit is $50,000, so that’s sticking pretty close to the $4,000 monthly profit times 12 months.
Yup that’s profit. Well you know sort of. Uncle Sam wants his share and the business owner has the kinds of bills that most working people have.
Let’s get back to brainwashed Amway Ambot running a pretend business.
-$690 x 12 months = -$8,280 in annual losses.
And that’s being generous. Many Amway Ambots lose more money than that in a year.
When a real business owner looks at their profit and loss statement and sees they’re in the red every month they know that’s not a sustainable business. The choices are to make changes to their business plan or cut their losses and close shop.
An Amway Ambot is not allowed to keep a profit and loss statement. That’s forbidden by the Amway cult leaders because if the Ambot kept a P&L they’d see how much money they’re losing. A good Amway cult leader must keep the Ambot distracted to realize they’re being sucked dry tithing the Great Amway God.
Business owners know they must keep a P&L and monitor their income and expenses. It’s called keeping your books in order cause you’ll need this info at tax time and in case of an audit.
Let’s say it again:
PROFIT = INCOME – EXPENSES
It’s a simple mathematical equation.
Though depending on the volume of income and expenses it might not be “simple” for the person keeping track of it!
PROFIT = INCOME – EXPENSES
The above simple mathematical equation is dangerous to Amway cult leaders and must never be divulged to the Ambots.