Loopholes of the Rich helps Americans from all walks of life
use the same tax loopholes that the wealthy use to lower their tax
bill. With this handy guide, you won?t need an accountant to find
quick and easy ways to pay less. And there?s nothing unethical
about these tax loopholes. In fact, the government wants you to
take advantage of them! These tax-reducing tactics and strategies
can give you the freedom to save for your family?s future or for
your own financial independence. Plus, you?ll find a handy
checklist of more than 300 business deductions, real-life tax
strategy examples, useful sample forms, explanations of IRS codes
and rules, and much more.
Autorentext
DIANE KENNEDY, CPA, is a top real estate author and investing expert. She holds seminars across the country on how to legally and ethically minimize tax obligations. She is the founder and owner of DKA, a leading tax strategy and accounting firm. She is also the coauthor of The Insider's Guide to Real Estate Investing Loopholes and The Insider's Guide to Making Money in Real Estate, both from Wiley.
Klappentext
"In this book, Loopholes of the Rich, you are going to legally learn
how to make more money, keep a whole lot more, and pay less taxes".
—from the Foreword by Mark Victor Hansen
Co-creator, #1 New York Times bestselling series Chicken Soup for the Soul®
Taxes are the single biggest expense for the average American today. In fact, small changes in the amount of taxes you pay can lead to big changes in you and your family's quality of life. This newly revised edition of Loopholes of the Rich covers all the most effective and legal tax strategies—and loopholes just like the rich use—so that people from every tax bracket can pay less and keep more of what they earn.
There's nothing unethical about tax loopholes. The government wants you to take advantage of them! Even better, these tactics and strategies are a great way to save for your family's future or achieve financial independence. Packed with motivational true stories and practical tax strategies, the book covers the vital areas of business structures, tax-advantaged wealth building, and asset protection. And there's more:
- Take control of when and how much you pay in taxes
- Develop a personalized tax loophole strategy
- Create a systemized approach to building wealth through the tax advantages that the IRS wants you to use
- Structure your business to lower its tax burden and protect your wealth
- And legally and ethically lower your tax bill
You'll also find a helpful checklist of 300+ business deductions, real-life tax strategy examples, useful sample forms, and details on IRS codes and rules.
Zusammenfassung
Loopholes of the Rich helps Americans from all walks of life use the same tax loopholes that the wealthy use to lower their tax bill. With this handy guide, you won?t need an accountant to find quick and easy ways to pay less. And there?s nothing unethical about these tax loopholes. In fact, the government wants you to take advantage of them! These tax-reducing tactics and strategies can give you the freedom to save for your family?s future or for your own financial independence. Plus, you?ll find a handy checklist of more than 300 business deductions, real-life tax strategy examples, useful sample forms, explanations of IRS codes and rules, and much more.
Inhalt
Foreword vii
Mark Victor Hansen
Introduction: The Rules Have Changed ix
Part I The Five STEPS to Financial Freedom 1
Chapter 1 Starting Point--Understanding Your Financial Story 3
Chapter 2 Team--Building a Team That Supports You 22
Chapter 3 Evaluation--Constructing a Tax Loopholes Strategy 39
Chapter 4 Path--Creating an Action Plan 54
Chapter 5 Starting Point--What Worked, What Didn't Work 61
Part II Jump Start! Your Wealth 69
Chapter 6 Jump Start! Principles for Tax-Advantaged Wealth Building 71
Chapter 7 Creating Income with Less Tax 81
Chapter 8 Using Business Structures to Create Legal Tax Loopholes 96
Chapter 9 Discover Your Hidden Tax Loopholes 132
Chapter 10 Control When and How Much You Pay in Taxes 146
Chapter 11 Smart Real Estate Investing 167
Chapter 12 Real Estate Loopholes to Take Money out of Your Property 178
Chapter 13 Buying a Home the Right Way 186
Chapter 14 Home Loopholes So Your Home Pays You 195
Part III New Tax Strategies for C Corporations 203
Chapter 15 Avoid C Corporation Pitfalls 205
Chapter 16 New C Corporation Tax Loopholes Strategies 214
Part IV Take Your Loopholes and Still Sleep at Night 221
Chapter 17 Eliminate IRS Red Flags 223
Chapter 18 How to Have a Painless IRS Audit 227
Appendix A Tax Loopholes Strategy Success Stories 237
Appendix B 300+ Business Deductions 248
Appendix C IRS Principal Business and Professional Activity Codes 261
Appendix D Sample Forms 281
Index 307
Meet Diane Kennedy 311