Thursday, January 6, 2011

How Celebrities Can Save Money with the IRS...

If celebrities would donate items and mail them to people with w a certification on how much the item is worth, it is a tax deductions. For example, you send someone a treadmill by mail, you attach a signed receipt on the amount the item is worth and that is what received, plus the shipping costs; and you have an instant tax deduction. Oprah did this one year with a mass car giveaway and she ended up with money and not owing money. Anything you buy for a person you do not know as a donation or give away as donation equals to money off with the IRS. As long as there is a signed receipt with the amount the item is worth, lines your pockets more and allows you to keep your money and not having the IRS taking it. More so, it goes to people who really need these donations.

You can DM people for what donations they want or need on twitter, anything given as a donation to a person is a tax deduction, but it cannot be a family member. This is why it is so important to follow those who follow you on Twitter and Facebook because you can do private messaging that helps you and the person in need; and keeps everything low key. If you weigh out the amount of donations to the amount you would pay the IRS-donations are way less money than what you would pay out to the Government and more money you earned, you keep in your own pockets.Last all of, you can add in legal papers that keeps you out of the "limelight" with giving donations to people to help you keep your money and not the IRS taking it from you....Many, if not most- accountants do not tell rich people this....Sandilee

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