Thursday, March 19, 2020

Amway Ambots Brag About Tax Refunds


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!


http://www.hiddenmysteries.org/conspiracy/conspiracy/amwaybush5.shtml

And one more link if you're an Amway loser and you don't have a REAL business plan and your ass gets hauled into tax court because the IRS decided you're a tax cheat - you're pretty much fucked!

https://www.parkertaxpublishing.com/public/tax-deduction-amway-distributorship.html





6 comments:

  1. Since hardly any Ambots are earning anything close to a profit, they should know about the changes in US tax law since 2018.

    https://turbotax.intuit.com/tax-tips/self-employment-taxes/4-tax-tips-for-money-making-hobbies/L89qz1GNj

    Here is the key paragraph:

    Beginning in 2018, the IRS doesn't allow you to deduct hobby expenses from hobby income. you must claim all hobby income and are not permitted to reduce that income by any expenses.

    So when does your pretend Amway business become a hobby? After two out of five years of reporting losses, that's when. Ambots, if you've been reporting losses for the past two years, this year you can't deduct ANY Amway costs AT ALL. Your pretend business is now your money-losing hobby in the eyes of the IRS, and you don't get to deduct shit.

    Oh, but you still have to declare the profit from that one can of piss water you managed to sell to your (now former) friend as income. Ha-ha!

    Still excited about your pretend Amway opportunity? I wouldn't be.

    ReplyDelete
    Replies
    1. Anonymous - that's true. There's a limited time before your business has to start showing a profit that you're allowed to deduct business expenses. After two years without profits your "business" is just a hobby that costs you a lot of money.

      Real business owners know that a business has to turn a profit as soon as possible to be sustainable. Losing money for several months in a row you have to look at your business plan and make adjustments or shut down.

      We used to have more links with this post but they're no longer active. The fact that the IRS has a handbook for their agents specifically for dealing with Amway losers says a lot. Mostly that the IRS is on to Amway tax cheats!

      Delete
  2. The IRS is on to Amway, and its tax dodge.

    ReplyDelete
    Replies
    1. Yup Anonymous. The IRS disagrees with Amway cult leaders who preach the way to make money in Amway is by deducting all Amway expenses against the income from your J.O.B. and get a tax refund.

      Delete
  3. The IRS wrote a position paper on this years ago. It goes beyond Amway as a hobby and not a real business. They stated that virtually all activities are not deductible, even if it was a real business. For example, according to the IRS, rallies, meetings, books and tapes are not deductible as they don't qualify as actual training. Product consumption obviously doesn't qualify. Etc. It's important that people know this as Amway will be doubling down on recruiting all the people out of work.

    ReplyDelete
    Replies
    1. Hi TomB. Yeah it says a lot when the IRS created a handbook specifically for dealing with Amway losers. The IRS made a decision many years ago that Amway functions are social gatherings. There is no expectation of increased sales/income from attending Amway brainwashing conferences or from purchasing anything else in the Amway tool scam.

      Delete

Comments are moderated but we publish just about everything. Even brainwashed ambots who show up here to accuse us of not trying hard enough and that we are lazy, quitters, negative, unchristian dreamstealers. Like we haven’t heard that Amspeak abuse from the assholes in our upline!

If your comment didn’t get published it could be one of these reasons:
1. Is it the weekend? We don’t moderate comments on weekends. Maybe not every day during the week either. Patience.
2. Racist/bigoted comments? Take that shit somewhere else.
3. Naming names? Public figures like politicians and actors and people known in Amway are probably OK – the owners, Diamonds with CDs or who speak at functions, people in Amway’s publicity department who write press releases and blogs. Its humiliating for people to admit their association with Amway so respect their privacy if they’re not out there telling everyone about the love of their life.
4. Gossip that serves no purpose. There are other places to dish about what Diamonds are having affairs or guessing why they’re getting divorced. If you absolutely must share that here – don’t name names. I get too many nosy ambots searching for this. Lets not help them find this shit.
5. Posting something creepy anonymously and we can’t track your location because you’re on a mobile device or using hide my ass or some other proxy. I attracted an obsessed fan and one of my blog administrators attracted a cyberstalker. Lets keep it safe for everyone. Anonymous is OK. Creepy anonymous and hiding – go fuck yourselves!
6. Posting something that serves no purpose other than to cause fighting.
7. Posting bullshit Amway propaganda. We might publish that comment to make fun of you. Otherwise take your agenda somewhere else. Not interested.
8. Notice how this blog is written in English? That's our language so keep your comments in English too. If you leave a comment written in another language then we either have to use Google translate to put it into English so everyone can understand what you wrote or we can hit the Delete button. Guess which one is easier for us to do?
9. We suspect you're a troublemaking Amway asshole.
10. Your comment got caught in the spam filter. Gets checked occasionally. We’ll get to you eventually and approve it as long as it really isn’t spam.