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How To Pay Zero Taxes, 2002 Edition, by Jeff Schnepper
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Totally updated for 2002, this is a tax guide that focuses on how to pay less taxes, rather than focusing on how to fill out the forms and figure out what you owe. Unlike most of the brand-name tax guides, its primary perspective is tax saving not tax preparation. Organized all around the IRS sanctioned deductions, shelters, credits, and exemptions, this book is easy to read, easy to apply, and it zeroes in on what people really care about - paying less to the IRS! Includes comprehensive coverage of more deductions than any tax book, including those related to: child care and elderly care, moving expenses, job hunting expenses, mortgages and points, investment expenses, and 401(k)s. The book is organized into six sections, including: exclusions, credits, general deductions, "below the line" deductions, traditional tax shelters, and super tax shelters.
- Sales Rank: #11192363 in Books
- Published on: 2001-12-13
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x 7.00" w x 2.00" l,
- Binding: Paperback
- 717 pages
From the Back Cover
2002 Edition
Your income is yours! Keep it with hundreds of tips and techniques that preserve it through exclusions, credits, deductions, shelters, smart investments, and more!
Make 2002 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. Hundreds of thousands of savvy taxpayers from all walks of lifebusiness owners, professionals, retirees, homeowners, and parentshave relied on this trusted guide to find every legal tax break. Now you, too, can take advantage of all the deductions and exemptions the IRS doesn't publicizebut allows! How to Pay Zero Taxes guides you through the ins and outs of every IRS-sanctioned tax-saving strategy available for preserving income. From converting personal expenses into business expenses to obtaining tax credits for dependent care to setting up tax-slashing trusts 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, and super-tax shelters.
IN THE 2002 EDITION YOU WILL FIND COVERAGE OF: *
Child and education credits *
Tax free savings for education *
3,000 deduction for higher education expenses *
Increased dependent care and "kiddie" tax credits *
Health insurance deductions *
Education ITRA's for elementary and secondary school expenses *
Increased IRA and Retirement Plan limits *
New Retirement tax credits *
Mortgages and points *
Job-hunting expenses *
Investing expenses *
Tax straddles *
Home equity loans *
Travel and entertainment expenses *
Real estate trusts *
Equipment leasing *
Theft and casualty losses *
Educational IRAs *
ROTH IRAs *
Trade and business expenses *
Moving expenses *
Business use of your home *
Divorce and separation costs *
Capital gains rules *
Family partnerships *
Tax-free bonds *
Slashed tax rates *
Gifts and bequests *
The elimination of estate tax
Most helpful customer reviews
0 of 0 people found the following review helpful.
good price for a good book
By William Warren
good price for a good book, every small business owner, especially on the Internet needs to know this info.
4 of 7 people found the following review helpful.
EYEOPENING!! Packed with tax-saving wisdom
By Manny Hernandez
This is the second year in my life I file my taxes (it's the second year I've worked in the US), so until I read this book (actually I skimmed through it, to be honest...) I wasn't too familiarized with the many ways in which you can save money on taxes. And only skimming through it I could make a list of at least twenty items I didn't know I could deduct from my taxes.
The book is written for the nineteenth year in a row by the same author who runs a column about the topic on MoneyCentral.com, so you might know him from there, but that's not all, really. It walks you through all sorts of scenarios, from the typical individual to the business owner, so that you can profit from all possible deductions that apply to your case. In fact I realized that I could be saving a ton more money as a business-owner!!
Finally, he covers some stories about the IRS (some horror ones, in general) but also wisely goes into detail as to why things are the way they are inside the Internal Revenue Service. Even scarier than the possibility of an audit, seemed the level of prehistoric technology they are using to process tax filings... Anyway, the central point is: for the moneyit'll cost you it's worth every penny, and will pay for itself hundreds of times. Buy it!
5 of 9 people found the following review helpful.
Didn't answer the questions I had
By Christopher Fortner
I read this book at Borders Bookstore. While the book is helpful for those who fill out forms and want a general understanding of the new tax codes, it like many books of its type don't deal with the constitutional principles of taxation. Otto Skinner who wrote The Best Kept Secret is the only one I've seen who does this. So, this book is good to a certain extent, but the reader is no where closer to getting beyond the confusion about direct and indirect taxes.
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