Estimated tax tip savings: e costand maintenance of your work clothescan be a valid tax write-off. Supposeyour qualifying clothes cost $500 anddry-cleaning costs you an additional$200 a year. You can deduct the entire$700 expense.

at’s right: e IRS lets you deductthe cost of your work clothes plus thecost of maintenance expenses such aslaundry and dry cleaning.

is could be a huge win for you andyour business. ink about it: Do anyof these statements apply to yoursituation?

• You wear clothing with a businesslogo or some other uniform, such asscrubs.

• You have frequent laundry or drycleaning expenses.

• You must use protective gear orequipment in your work.

If so, you’ll love this tax reductionstrategy. If not, consider purchasingclothes that qualify for thisdeduction—the laundry costs alonecould make the strategy worthwhile(and save wear and tear on your non-

work clothes).

In order to take advantage of this greattax benefit, you’ll need to do a just alittle bit of planning. First, you have toprove . . .

To get this entire article, just log onat www.bradfordtaxinstitute.comand search for “laundry” or Browseby Issue date for our January 2015issue.

“HOW I CUT MY TAXES . . .”

Dentist saves $10,000using auto-relatedstrategiesHere’s why Beverly Agnew, DDS, of

Tucson “loves” the Tax ReductionLetter: “We have realized at least$10,000 in increased take-home in thefirst year—without changing anything.I loved all the stuff about the cars. atis where I saved most of my money.”

If you haven’t yet explored all ourstrategies for cutting taxes based onyour business-related vehicle usage,just log in towww.bradfordtaxinstitute.com. In thecenter section of the subscriber homepage, scroll over the box that reads,“Vehicles & Equipment.” A list of ninerelated topics will drop down: Justchoose “Cars SUVs Pickups” to see159 strategies for reducing your taxes.Choose two or three that match yoursituation and start adding hundreds, ifnot thousands, more dollars to yourtake-home.

MOST VIEWED TAX-SAVING TIP

Deduct the Shirt off Your Back— Yes, Here’s How YouCan Legally Write off Your Clothing and LaundryExpenses!

LOG-IN PROBLEMS?

Forgot your password or subscriber email address? Here’s what to doIf you forget your password, don’t worry. You can solve this quickly. First, just go towww.bradfordtaxinstitute.com and click the blue Login Here button at the upperright. en enter your email address into the log-in form and click the “Send me mypassword” button below the form. If you don’t get your password immediately, youmay be in our system with more than one email address, so please try again with adifferent email address. If you require additional assistance, just send an email tocontactus@bradfordtaxinstitute.com, or call us toll free at 877-829-9673. We’ll getright back to you during business hours.

TAX REDUCTION LETTERQUARTERLY UPDATELatest tax-saving strategies for one-owner businesses—all available to subscribers at www.bradfordtaxinstitute.com

www.bradfordtaxinstitute.com

Below you’ll see a list of the latestarticles we’ve posted on the TaxReduction Letter. How many have youread? How many have you used toslash your tax bill? Take a minute toscan these topics and circle a few thatcan save you money this year. enjust log in towww.bradfordtaxinstitute.com and inthe le navigation bar, click on BrowseRecent Headlines. It’s fun to reduceyour taxes!

March 2015

• Big News: IRS Undoes the $100-a-Day Obamacare Penalty andOvertaxation of Your Employees

• Last-Minute News from the IRS—SCorporation Owners Are Safe fromObamacare Penalties through 2015

• Don’t Overlook the New Law atAllows Section 179 and BonusDepreciation Retroactively to 2014

• Stop Taxes before ey Happen byShrewdly Planning the Trade-In orSale of Your Business Vehicle

• Hire Your Kids to Work in Your LLCor Sole Proprietorship and Put aHuge Chunk of eir Pay Back inYour Pocket

• Write Off Your Clothing andLaundry Expenses without GivingAll Employees the Same Privilege

• Stop Payroll Tax EmbezzlementBefore It’s Too Late—and Before ItCosts You Your Business

February 2015

• How to Squeeze Even More TaxSavings from Your CharitableDonations: Treat em as BusinessExpenses

• Your Daily Commute Is Not

Deductible—Unless You Do One ofese ree ings

• Don’t Let Income Limits Block YourRoth IRA Contributions: Build anEven Larger Retirement Stash

• Did You Buy a 2014 Business Vehiclein Your Personal Name? To ProtectYour S Corp’s Deductions, Use isSmart Strategy

• Make Your Company Party MoreFun: Find ousands More in LegalTax Deductions!

• Deduct More of Your RentalProperty Losses by Qualifying as aReal Estate Professional—Even IfYou Don’t Work in Real Estate!

• How C-Corporation Owners CanPay Zero Taxes on Gains: Tax LawAllows a Windfall “Wait to Sell”Strategy

January 2015

• Deduct the Shirt off Your Back—Yes,Here’s How You Can Legally WriteOff Your Clothing and LaundryExpenses!

• ree Rules for Contributing to YourEmployees’ Health Savings Accountsand Beating the Dreaded 35 PercentDiscrimination Tax

• Did You Miss Your S-CorporationElection Deadline—and ousandsin Employment Tax Savings? NoWorries—Do It Now!

• Five Rules for Turning YourVacation—Even a Luxurious One—into Tax-Deductible Business Travel

• Use is Forgotten Tax Technique toIncrease Deductions on YourVacation or Other Home

• How to Deduct Your SwimmingPool and Other Home

Improvements as MedicalExpenses—All Legal If You Do ItRight

• Slash Taxes When Rolling Over Your401(k) Funds: Use is IRA Double-Win Strategy

As a subscriber, you can access andprint out all these articles at no charge.Just log in towww.bradfordtaxinstitute.com and inthe le navigation bar, click on BrowseRecent Headlines.

“HOW I CUT MY TAXES . . .”

Independent agent learnsthe tax-saving power ofgood recordsIndependent agent Adolph Palmer ofFirst Team Seal Beach (CA) RealEstate resisted disciplined businessrecordkeeping until he learned fromthe Bradford Tax Institute how muchmoney he could save. “I am aSagittarius and hate to keep any typeof log or records,” he reports. “[Now] Ikeep daily records of my activities andsave big on my taxes!”

If you’re a business owner who’s notsure of which records you should bekeeping—and how much it can saveyou in taxes—just log in towww.bradfordtaxinstitute.com. In thecenter section of the subscriber homepage, scroll over the box that reads,“T&E, Gis & Tax Proof.” A list ofnine related topics will drop down:Start by clicking on “Records” to see170 strategies for reducing your taxesthrough smart recordkeeping. Choosetwo or three articles that match yoursituation and start cutting your taxestoday.

BROWSE RECENT HEADLINES

How Many of These Tax-Savings Strategies Have YouUsed?

www.bradfordtaxinstitute.com

Estimated tax tip savings: When youconvert your vacation into a businesstrip, your transportation expensessuddenly become deductible. Considerthat $1,200 business-class plane ticketback home to see your parents—withthe right tax planning, you can deduct100 percent of the cost.

Isn’t it about time you took a vacation?

Maybe you don’t think you have thetime or the extra cash?

You could solve both the time andcash problem when you make thevacation a business trip and deductyour travel expenses.

What kind of travel are we talkingabout? In general, business travel canbe about as luxurious as you candream up! For example, all of thefollowing can qualify as deductiblebusiness travel expenses (among manyothers):

• Airfare, including first-class tickets.

• e presidential suite in yourfavorite hotel.

• Rental car expenses for a Rolls-Royce.

• Boat tickets, and yes, this includescruise travel.

So whether you are planning to stay ina luxury resort in the Caribbean oryou simply need to visit the in-lawstwo states over, you could saveyourself a boatload in taxes when youturn your vacation into a business tripand deduct most or all of the cost.

Types of Travel Expenses

When you travel for business, you candeduct two big types of expenses . . .

To get this entire article, just log onat www.bradfordtaxinstitute.com

and search for “vacation businesstravel” or Browse by Issue date forour January 2015 issue.

TAX SAVERS’ FREQUENTLYASKED QUESTIONS

Are my credit cardstatements good enough toprove tax-deductions?Lack of adequate documentation is thesingle biggest reason taxpayers losedeductions during IRS audits.

Above all, you need to know this: Inorder for an expense to qualify as adeduction, you need to prove 1) whatyou bought and 2) that you paid for it.Proving that you paid the money iseasy when you pay by credit card orcheck. But a cancelled check or creditcard statement doesn’t prove to theIRS that your purchase was businessrelated.

To discover the easiest, surest wayto make your records audit-proof,we suggest you take 10 minutes to

review a classic article from the TaxReduction Letter archives. To locatethis article, just log in towww.bradfordtaxinstitute.com. In theupper le corner, put “Receipts” intothe Search box and click on ‘Search.”You’ll find a plethora of articles on thissubject, including, right at the top,“Digitize Tax Receipts to ProtectYourself and Make Credit CardStatements and CheckbooksComplete.” It will tell you how toensure you qualify to deduct businessexpenses charged on your credit card.

“HOW I CUT MY TAXES . . .”

Realtor slashes health carecostsReal estate agent Ted Miller, II ofColdwell Banker in Morris Plains, NJappreciates a range of tax-savingsstrategies he discovered through theBradford Tax Institute. He says, “[Ihad] no idea of how much I didn’tknow! is saved me thousands inhealth costs alone.”

If you’re interested in learning howto cut your company’s health carecosts, just log intowww.bradfordtaxinstitute.com. In thecenter section of the subscriber homepage, scroll over the box that reads,“Employees, Benefits & Payroll.” In thedrop-down menu, click on the topic,“Medical (non-Section 105).” You’llfind 145 strategies for reducing healthcare taxes and other costs.

MOST VIEWED TAX-SAVING TIP #2

Five Rules for Turning Your Vacation—Even aLuxurious One— into Tax-Deductible Business Travel

TAX REDUCTION LETTER

Bradford Tax Institute1050 Northgate Drive, Suite 351San Rafael, CA 94903E-Mail:contactus@bradfordtaxinstitute.comPhone: 415-446-4340

www.bradfordtaxinstitute.com

If you’re new to the Tax ReductionLetter, you may be overwhelmed bythe sheer volume of tax-saving tipsyou learn about in our twice weeklyemails or when you visitwww.bradfordtaxinstitute.com.

You may have said to yourself: “Yes, Iwant to save money on my taxes, butwhere the heck do I start?” It’s a greatquestion—and you’ll love the answer.

First, ask yourself these five basicquestions, and write the word “Yes”next to those you answer affirmatively.For any questions you answeraffirmatively, just follow theinstruction below that question to findtax savings that can easily amount tothousands, even tens of thousands ofdollars this coming year! Let’s go!

1) Do you have employees?

Log in towww.bradfordtaxinstitute.com. In thecenter section of the subscriber homepage, scroll over the box that reads,“Employees, Benefits & Payroll.” A listof eight related topics will drop down:Start by clicking on “Employees” to seemore than 85 related strategies forreducing your taxes—from medicalinsurance to company parties, fromemployee vehicles to independentcontractors. Choose two or threearticles that match your currentsituation.

2) Do you travel on business (or dobusiness when you travel)?

Log in towww.bradfordtaxinstitute.com. In thecenter section of the subscriber home

page, scroll over the box that reads,“T&E, Gis & Tax Proof.” A list ofnine related topics will drop down:Start by clicking on “Travel” to seemore than 60 related strategies forreducing your taxes—from deductingbusiness “vacations” to local hotelstays, from cruises to conventions.Choose two or three articles thatmatch your current situation.

3) Do you use a car, SUV or pickupfor business purposes?

Log in towww.bradfordtaxinstitute.com. In thecenter section of the subscriber homepage, scroll over the box that reads,“Vehicles & Equipment.” A list of ninerelated topics will drop down: Start byclicking on “Cars SUVs Pickups” tosee more than 155 related strategiesfor reducing your taxes—fromcommuting to motor homes, fromselling your vehicle to first-yeardeductions on a replacement vehicle.Choose two or three articles thatmatch your current situation.

4) Do you have children?

Log in towww.bradfordtaxinstitute.com. In thecenter section of the subscriber homepage, scroll over the box that reads,“Spouses, Family & Insurance.” A listof 11 related topics will drop down:Start by clicking on “Children asemployees” to see more than 30related strategies for reducing yourtaxes—from beating the kiddie tax tobeating payroll taxes, from using IRAsto educational assistance plans.Choose two or three articles that

match your current situation.(Remember, if your children aren’t yetold enough to work in your business,they will be soon enough!)

5) Do you entertain as part of yourbusiness activities?

Log in towww.bradfordtaxinstitute.com. In thecenter section of the subscriber homepage, scroll over the box that reads,“T&E, Gis & Tax Proof.” A list ofnine related topics will drop down:Start by clicking on “Entertainment”to see more than 70 related strategiesfor reducing your taxes—from golf toscuba diving, from meals with yourspouse to company parties. Choosetwo or three articles that match yourcurrent situation.

OUR PROMISE TO YOU

How Tax Reduction LetterServes Business Ownersand Tax PreparersSince 1992, the Tax Reduction Letterhas been fulfilling its commitment toprovide smart, oen little-known taxreduction strategies to one-ownerbusinesses and the tax professionalswho serve them. e business ownerwill find these strategies clearlywritten, so they’re easy to understandand easy to implement. e taxadvisor will likewise appreciate ourstraightforward writing style, but willalso value the fact that these strategiesare extremely well researched andannotated, so they’ll stand up to yourprofessional scrutiny and the IRS aswell. Above all, these strategies aredesigned to help both business ownersand the professionals who serve themreduce taxes by thousands of dollarsannually in 100%-legal tax savings.

ADVICE FOR NEW SUBSCRIBERS

To Kick-Start Your Tax Savings, Ask Yourself TheseFive Questions

www.bradfordtaxinstitute.com