How to Pay Zero Taxes, 2008

by Schnepper, Jeff A.

• ISBN13: 9780071546157
• ISBN10: 0071546154
• Edition: 25th
• Format: Paperback
• Copyright: 2007-11-28
• Publisher: McGraw-Hill

Summary

Make 2008 the year you pay zero taxes! Fully updated to include all the latest tax law changes, "How to Pay Zero Taxes" outlines the easiest, most practical strategies you can use to lower your taxes this year, next year, and beyond. From converting personal expenses into business expenses to avoiding or surviving an IRS audit, Jeff Schnepper's guide comprehensively covers more deductions than any other tax book, all conveniently organized in six fast-access categories: exclusions, credits, "above-the-line" deductions, "below-the-line" deductions, traditional tax shelters, and supertax shelters. In the 2008 edition you will find coverage of: The new 2007 tax laws Credits and deductions for higher education expenses The special capital gains and dividends rules Increased dependent care and "kiddie" tax credits Coverdell Education Accounts for elementary and secondary school expenses Increased IRA and retirement plan limits Home equity loans Real estate trusts Theft and casualty losses Educational and ROTH IRAs Divorce and separation costs

Author Biography

Jeff A. Schnepper is the author of several books on finance and taxation, including How to Pay Zero Estate Taxes and all twenty-four previous editions of How to Pay Zero Taxes. He is a financial, tax, and legal advisor to the Transamerica sales force and runs a full-time accounting and legal practice in Cherry Hill, New Jersey. Mr. Schnepper is Microsoft's MSN MONEY tax expert, an economics editor for USA Today and is tax counsel for Haran, Watson & Company.