Lower Your Taxes - BIG TIME! 2015 Edition: Wealth Building, Tax Reduction Secrets from an IRS Insider, 6th Edition

Book description

Completely revised and updated--the must-have resource for saving thousands of dollars at tax time

A former IRS attorney, Sandy Botkin has saved hundreds of thousands of taxpayers hundreds of millions of dollars. In the newest edition of this powerhouse bestselling handbook, he continues to deliver money-saving strategies, including:

  • Advice on properly documenting any business deduction
  • Guidance for getting big tax subsidies for starting a home business
  • Ways to turn tuition, entertainment, orthodontia, and other expenses into huge deductions
  • Important information on small-business tax changes and extensions recently passed by the American Taxpayer Relief Law

"Who better to turn to for tax advice than an insider? Sandy Botkin trained IRS attorneys and now shares his wealth of knowledge in Lower Your Taxes--Big Time! Follow his practical strategies for a more financially abundant and fulfilling life." -- ANTHONY ROBBINS, author of Awaken the Giant Within and Unlimited Power

"Lower Your Taxes--Big Time! guarantees every American a raise of $3,000–$15,000 or more annually courtesy of the United States Government." -- DAVID D’ARCANGELO, author of Wealth Starts at Home

"If you don't study money, how can you ever expect to have any? Lower Your Taxes--Big Time! will put thousands of dollars in your pocket every year and teach you, in clear simple steps, how to audit-proof your records from the IRS forever." -- MARK VICTOR HANSEN, cocreator, #1 New York Times bestselling series Chicken Soup for the Soul

Table of contents

  1. Cover
  2. Title Page
  3. Copyright Page
  4. Contents
  5. Introduction: Rich or Poor—Your Choice
  6. Part 1. Wealth-Building Tax Secrets for Small and Home-Based Business Owners
    1. Chapter 1. Why You Would Be Brain Dead Not to Start a Home-Based Business (If You Don’t Already Have One)
    2. Chapter 2. How to Deduct Your Fun
    3. Chapter 3. How to Turn Your Vacation into a Tax-Deductible Write-Off
    4. Chapter 4. Income Shifting and Income Splitting: One of the Greatest Single Wealth-Building Secrets
    5. Chapter 5. How to Turn Your Car into a Tax-Deductible Goldmine
    6. Chapter 6. Home Office: The Misunderstood Key to Saving $15,000 Every Five Years
    7. Chapter 7. Beating the Dreaded IRS Audit
    8. Chapter 8. How to Shield Yourself from the IRS Weapon of Classifying a Business as a Hobby
  7. Part 2. How to Incorporate to Shelter Your Wealth
    1. Chapter 9. Finding the Best Corporate Entity for Your Business
    2. Chapter 10. Forming a Nevada Corporation or a Limited-Liability Corporation in Nevada
    3. Chapter 11. How to Eliminate up to 40 Percent of Your Social Security and Medicare Tax with an S Corporation
    4. Chapter 12. How to Get Assets and Money into a Corporation Tax-Free
  8. Part 3. Every Fringe Benefit Available to Small and Home-Based Businesses
    1. Chapter 13. Fringe Benefits You Will Love, Part 1
    2. Chapter 14. Fringe Benefits You Will Love, Part 2
  9. Part 4. Miscellaneous Tax Strategies
    1. Chapter 15. The Four Most Overlooked Real Estate Tax Deductions in America
    2. Chapter 16. Making Colleges Less Expensive withTax Planning
    3. Chapter 17. Tax Planning for Stock and Bond Investments
    4. Chapter 18. Trader versus Investor: The Best Kept Secret Around
    5. Chapter 19. Tax Scams and Other Shams
    6. Chapter 20. The Top 10 Tax Questions
  10. Appendix A: 2014 Projected Tax Rates
  11. Appendix B: How to Find a Good Accountant
  12. Appendix C: Health Savings Account
  13. Appendix D: What the New Health Reform Law Means to You
  14. Index

Product information

  • Title: Lower Your Taxes - BIG TIME! 2015 Edition: Wealth Building, Tax Reduction Secrets from an IRS Insider, 6th Edition
  • Author(s): Sandy Botkin
  • Release date: January 2015
  • Publisher(s): McGraw-Hill
  • ISBN: 9780071849647