How to Pay Zero Taxes, 2019

by Jeff A. Schnepper

Overview

Take full advantage of the new tax overhaul—and pay LESS THAN EVER to the IRS!New tax overhaul? No problem! You’ll still save big with the go-to tax-saving guide!Navigate the new tax code like a seasoned expert --- and dramatically lower your tax bill!Includes a free 60-day trial to mobilityView, an essential tool for documenting all your business expensesThe headline-making new tax overhaul goes onto effect in 2019, changing everything from child tax credits to entertainment expenses to the individual mandate. How to Pay Zero Taxes has been fully updated, providing everything you need to continue paying less to the IRS. One of today’s most respected authorities on finance and taxation, Jeff A. Schnepper reveals hundreds of sanctioned deductions, shelters, credits, and exemptions—plus insider tips you’ll only find here. Whether you're a tax professional or a home filer, How to Pay Zero Taxes helps you pay less to the IRS this year-and every year. Written in engaging language anyone can understand, this classic guide shows how to save the maximum legal amounts when it comes to:•Capital gains and dividends•IRA and retirement plans•Converting personal expenses into deductible business expenses•Maximize charitable deductions•Child care and elder care•Educational and Roth IRAsEvery year, thousands of people give the IRS more money than they have to. Don’t fall into this trap. Apply the lessons of the How to Pay Zero Taxes and keep more of your hard-earned money than you thought possible.

Product Details

ISBN-13:	9781260143270
Publisher:	McGraw Hill LLC
Publication date:	12/07/2018
Sold by:	Barnes & Noble
Format:	eBook
File size:	50 MB
Note:	This product may take a few minutes to download.

About the Author

Jeff A. Schnepper, Esq., is legal advisor for Estate Planning of Delaware Valley, tax counsel for Haran, Watson & Company, consultant to mobilityView, and operates a tax, accounting, and legal practice in Cherry Hill, NJ. Schnepper was Microsoft's MSN MONEY tax expert, economics editor for USA Today, and Professor of Accounting and Finance and Accounting at The American College in Bryn Mawr, PA.

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: More Tax Changes

A The patient Protection and Affordable Care Act

B Small Business Jobs Act of 2010

C The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2012

D American Tax Relief Act of 2012

E Tax Increase Prevention Act of 2014

F The ABLE Act

G More Changes

H The Tax Cuts and Jobs Act of 2017

I The Budget Deal Passed on February 9, 2018

Chapter 13: Hot to Avoid/Survive an IRS Audit

Appendix A: Cost Recovery/Depreciation

Appendix B: Business Use of "Listed Property"

Appendix C: Auto Leases

Index