Synopses & Reviews
@lt;p@gt;@lt;b@gt;The classic tax-relief guide--updated to help you save MORE THAN EVER on next year's taxes @lt;/b@gt;@lt;/p@gt;@lt;p@gt;Almost every American can get a raise of $3,000-$15,000 or more annually courtesy of the United States Government.@lt;br@gt; @lt;b@gt;David D'Arcangelo, author of @lt;i@gt;Wealth Starts at Home@lt;/i@gt;@lt;/b@gt;@lt;/p@gt;@lt;p@gt;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.@lt;br@gt; @lt;b@gt;Mark Victor Hansen, co-creator of the #1 @lt;i@gt;New York Times@lt;/i@gt; bestselling series @lt;i@gt;Chicken Soup for the Soul@lt;/i@gt;(R)@lt;/b@gt;@lt;/p@gt;@lt;p@gt;The amount many people pay in taxes exceeds the cost of food, clothing, lodging, and transportation combined. And with the economic downturn taking an ever-greater toll on small businesses, taxes are a bigger financial burden than ever. @lt;i@gt;Lower Your Taxes--Big Time@lt;/i@gt;, 2011-2012 reveals all the secrets professional accountants use to slash tax bills by thousands.@lt;/p@gt; @lt;p@gt;Written by Sandy Botkin, CPA, and former attorney for the IRS, this informative and engaging book explains how to: @lt;ul@gt;@lt;li@gt;Get a yearly subsidy of $5,000 or more back from the IRS @lt;li@gt;Properly document your business deductions @lt;li@gt;Avoid any future audits by the IRS @lt;li@gt;Deduct the equivalent of your child's education, braces, or wedding @lt;li@gt;Take advantage of tax-free fringe benefits available to small businesses@lt;/ul@gt;
A former IRS attorney and Deloit & Touche CPA instructs how to shave thousands of dollars off their yearly tax bill.
"Lower Your Taxes--Big Time, 2011-2012" reveals all the secrets professional accountants use to slash tax bills by thousands. Written by Botkin, a CPA and former attorney for the IRS, this informative and engaging book explains to readers how they can shave thousands of dollars off their yearly tax bill.
Completely revised and updated--the must-have resource for saving thousands of dollars at tax time
Taxes aren't just a nuisance; they're fast becoming the single biggest expense for the typical American household.
Completely revised and expanded, Lower Your Taxes--Big Time has everything taxpayers need to know about saving money on April 15--and every other day of the year.
Sandy Botkin, a former IRS attorney, has saved hundreds of thousands of taxpayers hundreds of millions of dollars. And in this powerhouse bestselling handbook, he again delivers 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 And more
Also new to this edition are chapters on the latest changes in health-care law, scams to avoid, how to defend yourself against ID theft, the hidden tax benefits of being a stock or commodities trader, and other need-to-know information.
Presented in Botkin's trademark no-nonsense, jargon-free style, Lower Your Taxes--Big Time is all business when it comes to making your life less taxing.
About the Author
Sandy Botkin, is a former IRS Attorney and CPA and one of the first gurus to start lecturing nationally to self-employed taxpayers on tax strategies. During the past ten years, through his Tax Reduction Institute, based in the Washington DC area, Mr. Botkin has taught more than 100,000 taxpayers how to save over $300 million on their taxes with his seminars. Sandy started his career as a CPA with Deloitte & Touche before moving to the IRS' Corporate Tax Division. There he was selected to one of 8 attorneys to train other tax attorneys on corporate tax audit issues. In addition to his seminars at the Tax Reduction Institute, he was previously on tour with Tony Robbins, Donald Trump, John Grey and others at the big "mega events" which had 10,000-20,000 participants at a time. Sandy is the author of the audiotape series, "Tax Strategies for Business Professionals," (100,000 copies sold) and “Tax Advantages of a Home-Based Business. He is also a freelance writer for most self-employed and home-based business magazines such as Upline, Network Marketing Lifestyles etc.
Table of Contents
Rich or Poor--Your Choice
Part 1. Wealth-Building Tax Secrets for Small and 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 Vacation Into a 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 a Tax-Deductible Goldmine;
Chapter 6. Home Office: The Misunderstood Key to Saving $15,000 Every Five Years;
Chapter 7. Beating the Dreaded IRS Audit;
Chapter 8. How to Shield Yourself From the IRS Weapon of Classifying a Business as a Hobby;
Part 2. How to Incoporate to Shelter Your Wealth
Chapter 9. Finding the Best Corporate Entity for Your Business;
Chapter 10. Forming a Nevada Corporation or a Limited-Laibility Corporation in Nevada;
Chapter 11. How to Eliminate up to 40% of Social Security and Medicare Tax with an S Corporation;
Chapter 12. How to Get Assets and Money into a Corporation Tax-Free;
Part 3. Every Fringe Benefit Available to Small and Home-Based Business
Chapter 13. Fringe Benefits You Will Love, Part 1;
Chapter 14. Fringe Benefits You Will Love, Part 2
Part 4. Miscellaneous Tax Strategies
The Four Most Overlooked Real Estate Tax Deductions in America;
Chapter 16. Making Colleges Less Expensive with Tax Planning
Chapter 17. Tax Planning for Stock and Bond Investors
Chapter 18. Traders vs. Investors
Chapter 19. Scams, Slams and Scams
Chapter 20. The Top 10 Tax Questions
Appendix A: 2009 and 2010 Tax rates
Appendix B: How to Find a Good Accountant
Appendix C: Health Savings Account
Appendix D: What the Economic Stimulus Act Means to You!