LOL! Those Amway Ambots just don’t get it. NEVER take tax
advice from the fucking assholes in your Amway upline! LOL!
Here’s a shout out to our friend Peter Reilly, an accountant/blogger who writes
for Forbes. Every now and then he writes about an Amway IBO who got on the
wrong side of the tax laws when it came to deducting everything Amway off their
income from their regular job. As “counselled” by the assholes in the Amway
upline who are all tax experts solely due to the fact that they carry an Amway
IBO card. Automatically means they’re experts in everything: doctors, lawyers,
mechanics, accountants, etc, etc. because they went to Amway University to
become know it alls.
This article has a link to another article profiling the same recent Amway case
where the tax court denied Amway losses. Read them both. And shake your head at
the stupidity of Amway losers.
I’ve said it tons of times around here – no real business advice is ever given
at Amway meetings. The Amway business plan as taught at Amway meetings is for
people to make their money from Amway through a tax refund, therefore the dumb
shit advice of write off every Amway product you buy and all the money you
invested in the Amway tool scam against the income from your J.O.B. and you’ll
get a tax refund.
How many times around here have we touched on things real business owners do
such as have a business plan, a budget, a bank account in the business name and
keep a profit and loss statement. When Amway Ambots land in tax court they can
not produce the bookkeeping basics of what is expected of a real business
owner.
Is signing up to Amway and then cheating on your taxes worth the shit you’ll go
through when Uncle Sam catches you?
Enjoy the read. Just need to wait a few seconds for the Welcome To Forbes intro
to move along.
http://www.forbes.com/sites/peterjreilly/2016/06/25/tax-court-denies-amway-losses-due-to-lack-of-profit-motive/
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