Lower Your Taxes - Big Time! : Wealth-Building, Tax Reduction Secrets from an IRS Insider

by Botkin, Sandy

• ISBN13: 9780071478687
• ISBN10: 007147868X
• Edition: Revised
• Format: Paperback
• Copyright: 2006-12-21
• Publisher: McGraw-Hill

Summary

Updated to reflect recent and upcoming changes in the U.S. tax law One of the top best tax books according to Entrepreneur magazine

Author Biography

Sandy Botkin, CPA, Esq. former attorney and trainer for the IRS, is the president of the Tax Reduction Institute. Through seminars he has taught thousands how to save millions on their taxes.

Table of Contents

Introduction: Rich or Poor-Your Choice	p. ix
Wealth-Building Tax Secrets for Small and Home-Based Business Owners	p. 1
Why You Would Be Brain Dead Not to Start a Home-Based Business (If You Don't Already Have One)	p. 3
How to Deduct Your Fun	p. 9
How to Turn Your Vacation into a Tax-Deductible Write-Off	p. 25
Income Shifting and Income Splitting: One of the Greatest Single Wealth-Building Secrets	p. 42
How to Turn Your Car into a Tax-Deductible Goldmine	p. 59
Home Office: The Misunderstood Key to Saving $15,000 Every Five Years	p. 85
Beating the Dreaded IRS Audit	p. 106
How to Shield Yourself from the IRS Weapon of Classifying a Business as a Hobby	p. 121
How to Incorporate to Shelter Your Wealth	p. 133
Finding the Best Corporate Entity for Your Business	p. 135
Forming a Nevada Corporation or a Limited-Liability Corporation in Nevada	p. 159
How to Eliminate up to 40 percent of Your Social Security and Medicare Tax with an S Corporation	p. 165
How to Get Assets and Money into a Corporation Tax-Free	p. 169
Every Fringe Benefit Available to Small and Home-Based Businesses	p. 175
Fringe Benefits You Will Love, Part 1	p. 181
Fringe Benefits You Will Love, Part 2	p. 212
Miscellaneous Tax Strategies	p. 233
The Four Most Overlooked Real Estate Tax Deductions in America	p. 235
Making Colleges Less Expensive With Tax Planning	p. 249
The Top 10 Tax Questions	p. 261
2007 Tax Rates	p. 271
How to Find A Good Accountant	p. 273
Index	p. 277
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