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

by Botkin, Sandy

• ISBN13: 9780071849609
• ISBN10: 0071849602
• Edition: 6th
• Format: Paperback
• Copyright: 2014-12-30
• Publisher: McGraw-Hill Education

Summary

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

Introduction: Rich or Poor—Your Choice

Part 1. Wealth-Building Tax Secrets for Smalland Home-Based Business Owners
Chapter 1. Why You Would Be Brain Dead Not to Start a Home-Based Business (If You Don’t Already Have One)
Chapter 2. How to Deduct Your Fun
Chapter 3. How to Turn Your Vacation intoa Tax-Deductible Write-Off
Chapter 4. Income Shifting and Income Splitting:One of the Greatest Single Wealth-Building Secrets
Chapter 5. How to Turn Your Car into aTax-Deductible Goldmine
Chapter 6. Home Office: The MisunderstoodKey to Saving $15,000 Every Five Years
Chapter 7. Beating the Dreaded IRS Audit
Chapter 8. How to Shield Yourself from the IRS Weapon ofClassifying a Business as a Hobby

Part 2. How to Incorporate to Shelter Your Wealth
Chapter 9. Finding the Best Corporate Entityfor Your Business
Chapter 10. Forming a Nevada Corporation ora Limited-Liability Corporation in Nevada
Chapter 11. How to Eliminate up to 40 Percent of YourSocial Security and Medicare Tax with an S Corporation
Chapter 12. How to Get Assets and Moneyinto a Corporation Tax-Free

Part 3. Every Fringe Benefit Available to Small and Home-Based Businesses
Chapter 13. Fringe Benefits You Will Love, Part 1
Chapter 14. Fringe Benefits You Will Love, Part 2

Part 4. Miscellaneous Tax Strategies
Chapter 15. The Four Most Overlooked Real EstateTax Deductions in America
Chapter 16. Making Colleges Less Expensive withTax Planning
Chapter 17. Tax Planning for Stock and Bond Investments
Chapter 18. Trader versus Investor: The Best KeptSecret Around
Chapter 19. Tax Scams and Other Shams
Chapter 20. The Top 10 Tax Questions

Appendix A: 2014 Projected Tax Rates
Appendix B: How to Find a Good Accountant
Appendix C: Health Savings Account
Appendix D: What the New Health Reform Law Means to You

Index