Product Description

Lower Your Taxes-Big Time! helps you to legally and dramatically cut taxes by establishing yourself as independent contractors or businessperson-writing off everything from vacations to movies and plays, and receiving a subsidy of $5,000 or more from the IRS every year.

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�Will put thousands of dollars in your pocket every year.�-Mark Victor Hansen, Co-creator,Chicken Soup for the Soul�

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• Updated to reflect recent and upcoming changes in the U.S. tax law.
• One of the top best tax books according to Entrepreneur magazine.

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Product Details

• Amazon Sales Rank: #166395 in Books
• Published on: 2006-12-21
• Original language: English
• Number of items: 1
• Binding: Paperback
• 300 pages

From the Back Cover

Safe, legal deductions and strategies that will slash your taxes to ribbons!

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Taxes are the number one expense for most Americans-exceeding what many people pay for food, clothing, lodging and transportation combined! Named one of the best tax-slashing guides for small businesses by Entrepreneur magazine, Lower Your Taxes-Big Time! 2006-2007 puts the expertise of a CPA and former IRS attorney at your side. Updated to include the latest tax law changes, this keep-your-money manual gives you the secrets that helped more than 100,000 people to save more than $300 million on their taxes.

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You'll learn how to:

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* Get the IRS to subsidize any vacation you take, anywhere in the world

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* Deduct the equivalent of your kids' educations, braces, and weddings

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* Starting a legitimate home-based business could get you a $10,000 subsidy or more from the IRS

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* Learn about every tax-free fringe benefit available to small businesses and how to IRS bulletproof them

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* Eliminate up to 40% of your Social Security and Medicare Taxes

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"Guarantees every American a raise of $3,000-$15,000 or more annually courtesy of the United States Government."-David D'Arcangelo, author of Wealth Starts at Home

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"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."-Mark Victor Hansen, Co-creator, #1 New York Times best-selling series Chicken Soup for the Soul�

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About the Author

Sandy Botkin, CPA, Esq. former attorney and trainer for the IRS, is the president of the Tax Reduction Institute. Through seminars he has taught thousands how to save millions on their taxes.

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Customer Reviews

Useless for most, great for small business
This book should really be titled "How Small Businesses can Minimize their Taxes." That is the entire focus of the book. (Note that this includes consultants and other types of small businesses.) It covers a lot of topics in an organized manner, giving useable advice and not just concepts.

If you do not have a small business, will this book convince you to do so? Probably not. For example, you can deduct your entertainment expenses - as long as you invite complete strangers over to your house.

If you own or are seriously considering starting your own business, this book is worth getting. If not, don't bother.

Lots of practical tax-saving ideas -- if you are willing to start a business
I have the first edition of this book and found it eye-opening. Its main premise is that, if you start a business (full-time or part-time), you get to deduct a lot of expenses. Of course, this is nothing new at all; in fact, dozens other wealth-building books tell you the same. What this book does have is providing lots of concrete, practical ideas and tips to get you thinking about your taxes creatively - after you started your own business. Because the author had a brief stint at the IRS and is a tax attorney, this book is more "trustworthy" (if that word can be applied to anything a lawyer does!) than most other titles on the market. I liked the first edition enough to have just ordered this current edition. I'll provide a new review when I have thoroughly checked out the new edition. But I think for $12 it should be a good tax book to read.

Very helpful
The author reveals the big secrete in tax saving - you must set up your own business. The tax laws favors business owners, not worker bees.
The book talks about all aspects of tax saving - the type of expenses that are deductible, how to do record keeping, how to minimize the possibility of audit, etc.
It is a must have for people who wants to save tax.