How to Pay Zero Taxes, 2018: Your Guide to Every Tax Break the IRS Allows

How to Pay Zero Taxes, 2018: Your Guide to Every Tax Break the IRS Allows

by Jeff A. Schnepper

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Product Details

ISBN-13: 9781260115826
Publisher: McGraw-Hill Professional Publishing
Publication date: 12/06/2017
Pages: 960
Sales rank: 214,271
Product dimensions: 7.40(w) x 9.20(h) x 2.00(d)

About the Author

Jeff A. Schnepper, Esq., is the leading authority on finance and taxation. He has written multiple tax books, including all 34 previous editions of How to Pay Zero Taxes. He is a financial, tax, and legal advisor for Estate Planning of Delaware Valley and operates a tax, accounting, and legal practice in Cherry Hill, NJ. Schnepper was Microsoft's MSN MONEY tax expert, an economics editor for USA Today, and tax counsel for Haran, Watson & Company.

Table of Contents

Acknowledgments

Chapter 1: Tax Insanity

Chapter 2: Is It Legal?

Chapter 3: How Our Tax System Works

Chapter 4: Exclusions—Tax-Free Money

A Alternatives to "Earned Income"

B Donative Items

C Investors

D Benefits for the Elderly

E Miscellaneous Individual Exclusions

F Schedule of Excludable Items

Chapter 5: Credits—Dollar-for-Dollar Tax Reductions

A Estimated Tax and Withholding Exemptions

B Credits

C Special Credits

Chapter 6: "Above the Line" Deductions

A Deductions for Adjusted Gross Income

Chapter 7: "Below the Line" Deductions

A The Importance of Filing Status

B Tax Planning with Itemized Deductions

C Schedules of Deductions

Chapter 8: Traditional Tax Shelters

A Deferral and Leverage

B How to Analyze a Tax Shelter

Chapter 9: Super Tax Shelters

A Family Shifts

B Running Your Own Business

Chapter 10: Investment Planning to Save Taxes

Chapter 11: Last-Minute Tax Planning

Chapter 12: The Economic Growth and Tax Relief Reconciliation Act of 2001

A Individual Income Tax Rate Structure

B Phase-out of Restrictions on Personal Exemptions

C Phase-out of Itemized Deductions

A Increase and Expand the Child Tax Credit

B Extension and Expansion of Adoption Tax Benefits

C Child Care Credit

A Standard Deduction Marriage Penalty Relief

B Expansion of the 15 Percent Rate Bracket for Married Couples Filing Joint Returns

C Marriage Penalty Relief and Simplification Relating to the Earned Income Credit

A Modifications to Education IRAs

B Private Prepaid Tuition Programs: Exclusion from Gross Income of Education Distributions from Qualified Tuition Programs

C Exclusion for Employer-Provided Educational Assistance

D Modifications to Student Loan Interest Deduction

E Eliminate Tax on Awards Under the National Health Service Corps Scholarship Program and the F. Edward Herbert Armed Forces Health Possessions Scholarship and Financial Assistance Program

F Deduction for Qualified Higher Education Expenses

A Phase-out and Repeal of Estate and Generation-Skipping Transfer Taxes; Increase in Gift Tax Unified Credit Effective Exemption

B Expand Estate Tax Rule for Conservation Easements

C Modify Generations-Skipping Transfer Tax Rules

D Availability of Installment Payment Relief

Chapter 13: The Job Creation and Worker Assistance Act of 2002

Chapter 14: The Tax Relief Reconciliation Act of 2003

A Rate Reductions

B The Marriage Penalty

C The Alternative Minimum Tax

D Child Tax Credit

E Dividends/Capital Gains

F Deduct Your SUV—Election to Expense

Chapter 15: Income Averaging and Hurricane Tax Breaks

Chapter 16: 2006 Tax Reform

A The Tax Increase Prevention and Reconciliation Act of 2005

B The Pension Protection Act of 2006

C Tax Relief and Health Care Act of 2006

Chapter 17: Tax Reform, 2007-2008

A The Mortgage Forgiveness Debt Relief Act of 2007

B The New Debt Relief Act

C The Economic Stimulus Act of 2008

D The Heroes Earnings Assistance and Relief Act of 2008

E The Housing and Economic Recovery Act of 2008

Chapter 18: 2009 Tax Changes

Chapter 19: More Tax Changes

A The Hiring Incentives to Restore Employment (HIRE) Act of 2010

B The Patient Protection and Affordable Care Act

C Small Business Jobs Act of 2010

D The Tax Relief, Unemployment, Insurance Reauthorization, and Job Creation Act of 2010

E American Tax Relief Act of 2012

F Tax Increase Prevention Act of 2014

G The ABLE Act

H More Changes

Chapter 20: How to Avoid/Survive and IRS Audit

Appendix A: Cost Recovery/Depreciation

Appendix B: Business Use of "Listed Property"

Appendix C: Auto Leases

Index

Chapter 6: "Above the Line" Deductions

A Deductions for Adjusted Gross Income

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