Series: Lower Your Taxes-Big Time
Paperback: 336 pages
Publisher: McGraw-Hill Education; 6 edition (December 30, 2014)
Language: English
ISBN-10: 0071849602
ISBN-13: 978-0071849609
Product Dimensions: 7.4 x 0.6 x 9.1 inches
Shipping Weight: 1.2 pounds (View shipping rates and policies)
Average Customer Review: 4.3 out of 5 stars See all reviews (79 customer reviews)
Best Sellers Rank: #31,766 in Books (See Top 100 in Books) #8 in Books > Business & Money > Taxation > Small Business #13 in Books > Business & Money > Accounting > Bookkeeping #16 in Books > Business & Money > Taxation > Personal
The 2015 version is up to date, with lots of good ideas for THOSE WHO OWN PROPERTY or are in businesses. Not for those who use the standard deduction. Liked it so much I ordered 2 more copies for my kids who are going into business themselves.
I preordered this book and received it already. I saw a webinar with Sandy Botkin, and after hearing his no-nonsense advice about reducing taxes and staying audit free, I immediately ordered the book. The webinar was terrific. The book is even better. If you are looking for a way to lower your taxes legally, this is the book to buy.
An interesting book that helps you save money like the rich. The way is by saving a lot of money on taxes. All you have to do is setup a corporation. My LLC cost $150. Then just follow the simple to use advice.
A good read if you are reading for fun. Basically at the same level as a good novel or movie. But if you are looking to save tax money and you are motivated enough, you should know a lot of it already by now. It is clear that you cannot follow many things without having your own business, an attorney and a tax advisor. If you have all three, you should be getting these advises anyway.Also there are disappointing errors or at least false marketing. For example in 4th chapter, the author recommends saving tax by Gifting stocks to your kids in college.Not a few pages later, he informs you about Kiddie tax that takes away this benefit.
Everyone who prepares his own tax return should have a copy of this book. With the IRS published instruction book for the 1040 forms now at 288 pages, people need an easy to read guidebook to point out a huge number of ways to reduce your tax implications. For example, check to see if you are one of the senior citizens who still qualify for the medical deduction thresh hold of 7.5% of adjusted gross income rather than the 10% rate. It can help you increase your medical deduction if you have medical expenses. Another tip: Almost all automobile policies require medical insurance as a big part of your auto policy. Have your insurance agent send you a letter or e-mail with the amount for the medical portion of the insurance. It may help you get past the deductible requirement of the IRS. The tips in this book makes it valuable to tax preparers as well. I am using the book as I prepare my own tax return. This is a must have book. The book is also tax deductible if you exceed the adjusted gross income amount of 2% on Schedule A.
Good book and detailed for taxes and business expenses. There was one section that was not accurate due to a last minute change in the tax law. It is probably hard to keep the book updated with the last minute political changes by our political system and leader. I was reading another tax ebook at the same time and saw a difference. When I asked further, it was clear that the law changed at the last minute and this soft cover edition was out dated already in one area. Other than one the change, I thought it gave some good insight on taxes with humor.
The books really promotes one to open their own business in order to take advantage of the tax savings that businesses have. I started by turning my hobby of gardening and wood work into business and have taken advantage of some of the tax savings that were available. I love the tips that the book offers such as ways to avoid an audit from the IRS and that if one has proper booking keeping, it will easily make it impossible to be audited. Just follow the points the author talks about to smallest detail and you should never have to worry about the IRS.
This book has changed my life for the better, literally, I now have better records that are easier to keep and I finally feel in control of my taxes. I don't know if I will pay less taxes but I feel audit proof and it's making me happy. I never thought I would ever say this about taxes. I now recommend this book to everyone!
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