Lower Your Taxes - Big Time!

Lower Your Taxes - Big Time!

by Sandy Botkin
4.1 11

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Overview

Lower Your Taxes - Big Time! by Sandy Botkin

Strategies from an IRS insider for slashing taxes, maximizing legal deductions, avoiding audits, and more

Completely updated for all of the new 2005 and 2006 Tax Laws!

Through his years as an IRS tax attorney, Sandy Botkin discovered that most Americans could legally­­ and dramatically­­ cut their tax bills by establishing themselves as independent contractors or businesspersons. In Lower Your Taxes--­­Big Time!, fully updated for 2005 and 2006, Botkin explains how, outlining a straightforward program for writing off everything from family vacations to movies and plays, and receiving a subsidy of $5,000 or more from the IRS each and every year.

From tips for launching a business to strategies for audit-proofing a return, Lower Your Taxes­­--Big Time! is a gold mine of information for every frustrated taxpayer. Tax-cutting strategies include:

  • How, why, and when to incorporate
  • Fail-safe methods for deducting a home office and family car
  • Simple but essential record-keeping tips
  • Tax advantages of being a consultant,independent contractor, or independent businessperson

Product Details

ISBN-13: 9780071420792
Publisher: McGraw-Hill Education
Publication date: 12/22/2002
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 250
File size: 4 MB

About the Author

Sandy Botkin, President of the Tax Reduction Institute, is a CPA and former IRS attorney whose seminars have taught more than 100,000 taxpayers how to save over $300 million on taxes. You can find out more about Sandy and his products and services at www.taxreductioninstitute.com

Customer Reviews

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Lower Your Taxes - Big Time!: Wealth-Building, Tax Reduction Secrets from an IRS Insider 4.1 out of 5 based on 0 ratings. 11 reviews.
Guest More than 1 year ago
I found this book very frustrating. I am a law student, so I know I not incapable of processing complicated material. Here, however, I think the author has tried so hard to avoid being too technical that he has avoided being technical at all - and it's tax law, after all! The writing style was what I can only describe as 'jumpy.' There were many instances where I did not understand to what he was referring (for example, he has this calculation in Chapter Four that had me stumped for thirty minutes, and then the actual explanation of that part of the equation showed up in Chapter Six), and many, many areas where I wanted more detailed information. For example, the information early on about hiring a spouse for purposes of establishing a medical plan does not explain whether married partners in an LLC may consider each other employees for this purpose (again, he throws very general concepts out there, all chatty and happy about it, but with NO details to help you apply it to your own situation). The 'chatty and easy' tone just didn't tell me enough for me to be able to figure out how to put any of this to use - he just throws concept out there and kind of glosses over the details. Yes, his stuff is useable, but only to the extent that when you go out and get an accountant or any attorney, you will know what to ask them for. This is not, however, any sort of do-it-yourself guide, which is what I wanted. Also, the title says it's for small business people, but, as the owner of a very small home-based business, I still find the author's advice, like so much tax advice, really applies only to the rich. This is because tax breaks are written by and for the rich. I think this author must not work very much with the rest of us - after you've fully depreciated your business-used vehicle, he says, transfer it into A TRUST in your child's name and then MAKE LEASE PAYMENTS TO YOUR CHILD'S TRUST! OH PUL-EEZE! Whatever it costs to set up a trust, I don't have it, and neither do other small business owners. And take a PAID-FOR vehicle, one that you now own outright, and begin making lease payments on it to your own child? Maybe the author doesn't get this, but REAL working people can NOT SPEND MONEY in order to CREATE TAX SHELTERS...BECAUSE WE DO NOT HAVE MONEY!!! Got it???
Anonymous More than 1 year ago
She has got me hooked now I must hae this book every year.....money meet experience. ?.yez
Anonymous More than 1 year ago
Guest More than 1 year ago
Botkins writes with intriqing flare and accuracy. His ideas and experience are really practical. I know him as a person and he is a great, honest guy.
Guest More than 1 year ago
Sandy's Book, Lower You Taxes-Big Time, is the best, step-by-step tax strategy book that tells you exactly what to do, how to do it and backs it all up by the IRS code! Most books on the subject are too complicated and leave out details to actually implement the strategies or too simple and give no real input, Lower Your Taxes-Big Time, is a rare combination of great tax strategies plus ALL the steps to implement! Plus it is easy to understand. I would recommend buying an extra book for your accountant and tell them all the strategies you want implemented immediately! Make sure they are on the same page as you. Also, if you want to give yourself a raise, this book is for you!
Guest More than 1 year ago
WOW: As a working mom, I like to read finsncial books to help my family. This is clearly the best tax planning book that I have ever read. It is clear, concise, simply written, and chuck full of financial and tax planning strategies. It is even humorous,which is amazing for a tax book. There is an especially good tax section on incorporating, where to incorporate, and and a great comprehensive list on Fringe benefits. The flow charts are a nice touch too. There are also many things that I didn't know despite my constant reading on taxes and finance. For example, I didn't know that I could deduct all my dry cleaning and laundry expenses after a business trip. The discussion on deducting my entertainment and golf was particularly interesting. I have read many financial books including the Rich Dad/ Poor Dad series and "The Millionaire Next Door" by Stanley, and this book blows them all out of the water. Trust me: This book is one of the better kept financial secrets. If there is any one financial or tax book that you should read, this one is it!
Anonymous More than 1 year ago
Move to sander res one thru eight! Autumnpaw is locked out! Hurry!
Anonymous More than 1 year ago
A dark, shadowy figure tipped around Her, grinning. Around BrightClaw, darkness. Parched, dry grass, and charred, limp trees. Only a malicious glow. "I'm Snake." Slowly, the dark figure stepped foreward into a ray of dull light. Darkness swirled around His paws, and His snake-like fangs glinted. "Do You ever want to feel apprechiated? Like You matter to this Place?" He snicked shortly. "Join Me, and I will teach You all I know." [Yes. I'm Snake. The Pact Clan's DF Leader.]
Anonymous More than 1 year ago
"Dashingwind, Brightclaw and I will patrol the SandClan border," he says and waited for the rest of the patrol. (It's the janet evans animals result with the dinosaur on the cover :P don't remember the title)
Anonymous More than 1 year ago
Ur welcome. Padded to res six
Anonymous More than 1 year ago
She woke up and walked around.