IRS Update: Is Your (Member’s) Activity Considered A Business Or A Hobby? With Sandy Botkin CPA/Attorney

Mark your calendar for Tuesday November 2nd at 3 pm PDT/6 pm EDT. You will discover the most recent IRS cases and what they are now looking for to determine if your activity actually is a business or a loss. The difference is dramatic to your ability to write off losses.

Click on the link below to register now- (space is limited):

This is a must if you offer an income opportunity and you are eluding to the fact that your members can start a business and write off expenses with your income opportunity. You may be setting up all your members for an IRS audit!

On November 2nd , I’ll be interviewing Sandy Botkin, CPA/attorney and author of the best-selling book “Lower Your Taxes Big Time.” You’ll quickly discover why Sandy is the most popular and knowledgeable tax professional around, helping small business owners pay less in taxes.

As a former IRS trainer himself, Sandy will share with you what you must do and hurdles you must overcome to be considered an actual business (most of you probably do not meet the current requirements).

Plus, you’ll learn what you can expect with an IRS audit in this area against your business (or your member’s business).

As a successful business person, you must have a firm grasp on the answers to these important questions, all of which will be covered on this stimulating call:

  • The latest shocking IRS cases and what it means for your organization (when you are promoting an income opportunity) and why your members may be in trouble!
  • Is your unprofitable business a tax shelter?
  • Can you prove your hobby is a business?
  • Think you are in a business but are really running a hobby?
  • If you lose $30,000 from your business can that be used to offset any other type of income (wages, rents, dividends, interest income…)?
  • What losses can you write off as a hobby vs. a business?
  • What are possible IRC § 183 activities and why is that critical to your small business?
  • Will the IRS reclassify your business as a hobby (even if you are profitable)?
  • What factors does the IRS look for to consider your business a hobby?
  • What is the “3 by 5” test and why is it important to your financial future.
  • Starting a business at the end of the year, a big loss may be certain, what must you do to prevent an audit down the road?
  • Why the IRC 183 is sometimes referred to as the “hobby loss rule,” and why is that important to you!
  • Are you an affiliate? Is that a business or a hobby?
  • Losing money? Will your business pass the the “Profits Test” OR the subjective “Factors-and-Circumstance Test”? If not, your losses, write offs may be in jeopardy!

Get all the details now (Tuesday November 2nd at 3 pm PDT)

Guest: Sanford C. Botkin,(Sandy) Attorney and Certified Public Accountant is the Chief Executive Officer and Principal Lecturer of the Tax Reduction Institute based in the Washington, DC area.

Over the past 20+ years, Sandy has taught thousands of taxpayers how to save millions on their taxes with his seminars. He consistently earns rave reviews for his clear and humorous presentations.

Prior to joining the Tax Reduction Institute, Sandy spent three years in the tax department of the international accounting firm, Touche Ross. He has extensive financial and legal experience, including five years as a legal specialist in the Office of Chief Counsel for the Internal Revenue Service.

Sandy has authored numerous technical articles for national publications, lectured to various professional and trade groups, and has served as an Adjunct Professor of accounting and law at the University of Maryland and Columbia Union College. Mr. Botkin’s outstanding teaching ability has consistently earned him excellent ratings. In fact, Mr. Botkin was one of eight attorneys selected by the Internal Revenue Se rvice to train all new attorneys to the Internal Revenue Service’s Corporate Tax Division.

Sandy has spoken at such organizations as Robbins Research (an Anthony Robbins Company), Harv Ecker programs, many financial planning organizations and the National Association of Realtor’s convention. In addition, he has spoken to a number of insurance companies such as State Farm, Northwestern Mutual, etc., medical and dental organizations, and for many network marketing organizations. He has also appeared before various media such as Fox Business news.

Mr. Botkin is a member of the Florida Institute of Certified Public Accountants. He is also a “Distinguished Real Estate Instructor” and is listed in “Who’s Who in Business.” Sandy is the author of the bestselling book “Lower Your Taxes Big Time”, and “Real Estate Tax Secrets of the Rich” which are available at or Barnes & Noble.

Host: Scott Letourneau, CEO of Nevada Corporate Planners, Inc. You will learn from Scott’s diverse expertise and his comprehensive and ever-growing list of powerful business resources. These are the very elements that have allowed his 5,000+ clients, both domestic and abroad, to incorporate their business with confidence, “propelling their business on a fast track to profits!”

Scott has a BA in Finance and is the author of “The Insiders Guide to Incorporating Your Business and Protecting Your Assets!” He is also a contributing author for the new book from Entrepreneur Magazine’s Startup series; Start Your Own Information Marketing Business – Your Step-by-Step Guide to Success.”

Register Today for this FREE Powerful Teleseminar on Tuesday November 2nd at 3pm PDT/6 pm EDT to learn how to make sure your business is actually consider a business and not a hobby!

Dedicated to your success!

Scott Letourneau

P.S. Register online now for this critically important FREE call and be sure to print this page as a reminder for this outstanding event!

Get all the details now (Tuesday November 2nd at 3 pm PDT)

About The Author: Scott Letourneau is the CEO of Fast Business Credit, Inc. When it comes to securing cash and vendor lines of credit and avoiding costly mistakes his company is the authority. For further assistance regarding the development of business credit go to or call FBC at 1-888-313-6333 or 702-977-5246.