Edition DescriptionRevised edition
Table Of ContentForeword 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
SynopsisLoopholes 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., 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., "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 familys 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. Theres 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 familys 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 theres 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 Youll also find a helpful checklist of 300+ business deductions, real-life tax strategy examples, useful sample forms, and details on IRS codes and rules., 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.
LC Classification NumberHJ4653.C7K46 2004