Book Description
Wouldn't you love to abolish the IRS. . . .
Keep all the money in your paycheck. . . .
Pay taxes on what you spend, not what you earn. . . .
And eliminate all the fraud, hassle, and waste of our current system?
If so, the FairTax is for you!
A smash #1 New York Times bestseller from the moment it went on sale, The FairTax Book launched a massive grassroots movement across the country with its dramatic call to rid Americans of the punishing burden of income tax. Talk-radio firebrand Neal Boortz and Congressman John Linder are leading the charge to replace the current tax system with the FairTax -- a simple 23 percent retail sales tax on new goods and services that would eliminate the reviled IRS and replace it with a system that's fair to all -- while jump-starting the U.S. economy, bringing businesses and jobs back to our shores, and recapturing billions of untaxed dollars currently lost to criminal and offshore businesses. Americans would get to keep 100 percent of their hard-earned paycheck . . . and April 15 would become just another beautiful spring day.
Endorsed by scores of leading economists -- and gaining momentum in both the House and the Senate -- the FairTax Plan could revolutionize the way America pays for itself. Here -- revised and updated, with a new afterword by the authors -- is the straight-talking book that started it all.
Download Description
"
Wouldn't you love to abolish the IRS ...
Keep all the money in your paycheck ...
Pay taxes on what you spend, not what you earn ...
And eliminate all the fraud, hassle, and waste of our current system?
Then the FairTax is for you. In the face of the outlandish American tax burden, talk-radio firebrand
Neal Boortz and Congressman
John Linder are leading the charge to phase out our current, unfair system and enact the FairTax Plan, replacing the federal income tax and withholding system with a simple 23 percent retail sales tax on new goods and services. This dramatic revision of the current system, which would eliminate the reviled IRS, has already caught fire in the American heartland, with more than six hundred thousand taxpayers signing on in support of the plan.
As Boortz and Linder reveal in this first book on the FairTax, this radical but eminently sensible plan would end the annual national nightmare of filing income tax returns, while at the same time enlarging the federal tax base by collecting sales tax from every retail consumer in the country. The FairTax, they argue, would transform the fearsome bureaucracy of the IRS into a more transparent, accountable, and equitable tax collection system. Among other benefits, it will:
- Make America's tax code truly voluntary, without reducing revenue
- Replace today's indecipherable tax code with one simple sales tax
- Protect lower-income Americans by covering the tax on basic necessities
- Eliminate billions of dollars in embedded taxes we don't even know we're paying
- Bring offshore corporate dollars back into the U.S. economy
Endorsed by scores of leading economists and supported by a huge and growing grassroots movement, the FairTax Plan could revolutionize the way America pays for itself. In this straight-talking book,
Neal Boortz and
John Linder show you how it would work -- and how you can help make it happen.
"
Customer Reviews:
For everyone.......2007-10-06
Yes, it's a book on economics and taxes, but Mr. Boortz helps to make it an entertaining and easily understood book. While it pretty much explains the theory of the fair tax in full and is a great place to start, it's a good idea to do your own research into the fair tax, studying the pros and cons. Just be sure that you understand the basics, or else you may get confused by anti-fair tax information that gets an idea wrong or blatantly lies...
The Cure for a Disease Known as Income Taxes.......2007-10-03
In this book, Boortz and Linder discuss the abolishment of the income tax. Under this system, wages would not be taxed at all. As an alternative to raise revenue for the government, they propose a national sales tax. The goal is revenue neutral so that same amount of revenue would be collected to run the government.
This would allow the individual to choose when they paid tax. So those who save and invest money rather than spending all of it, would come out much better.
The proposed sales tax rate would be around 23%. While this may sound high, one should keep in mind that no tax would have been withheld from his or her paycheck. For example, say that the average household income for America which is approximately $40,000 a year were not taxed. This would mean the Joneses get to take home all $40,000 of that hard earned income. As it stands today, they are probably only taking home around $32,000 assuming a 20% income tax rate and not considering state, Social Security, or Medicare taxes.
As a component of the national sales tax, they propose that a certain poverty level determination of say $10,000 which would be considered the bare minimum for a person to survive on and each person would receive a "prebate" of $2,300 per year paid in monthly installments. This would significantly help those on the low end of the income spectrum and actually result in additional money to spend on essentials such as food, clothing, and housing. It would also avoid the potential disparities which could occur with a food exemption if the wealthy purchased steak and lobster or other such expensive food items.
Additionally, it would take many of the inefficiencies out of the current system in that each time there is a touch on producing a good or service, income tax is charged. For example, when you buy a loaf of bread, the business who produced the seeds, the farmer who grew the wheat, the mill, the bakery, the trucking company, and the grocery store all pay income tax on their portion of the bread production. By taking the income tax away, the loaf of bread would subsequently be much cheaper (estimated around 25%) from the reduction of built in income tax for a product. (This assumes that businesses will not pay income tax. There would be many rules set up to prevent people setting up "businesses" to evade taxes.)
The Fair Tax also has the benefit of helping prevent tax evasion. Under the current system, there are millions upon millions of dollars of unreported income every year which are not taxed. This could occur in anything from illegal trades such as selling drugs on the street to the legal trades of wait staff or any industry in which cash is used to pay for goods or services but not reported. Every time these dollars were spent by the individuals, however, they would be taxed so this revenue which is currently lost would be collected.
It would additionally get rid of the estimated $265 billion spent annually to comply with the tax code. This is not to mention the 100s of thousands of hours that would be freed up to engage in more productive and enjoyable pursuits.
Economists estimate that in the first year of its implementation the economy would grow by 10.5%. Foreign companies would also have incentive to build factories in the U.S. to take advantage of the eliminated inherent cost included as mentioned in the bread example.
I think that this is a really great idea and hope that it is implemented one day. To learn more about it and see if your congressperson supports it or not, go to FairTax.org.
Fair Tax.......2007-09-29
Excellent reading to get yourself ready to defend the concept when it is attacked by the tax and spend crowd in Washington. It is a quick read and makes a great deal of sense.
A plan for the rich (1.5 *s).......2007-09-23
If you want a fundamental principle of government/society discussed with right-wing, shock-radio bluster, this is your book. Though a congressman is the co-author, the book is simply a continuation of the rant that has been heard daily on a local radio station in Atlanta for over thirty years. We learn early in the book that the passage of the Sixteenth Amendment in 1913 enabling the collection of income taxes is akin to the devastation of Pearl Harbor or the destruction of the World Trade Center on Sept 11, 2001. The IRS is no less than the enemy of the people, fulfilling a Marxian prophecy. You get the general idea.
One would like to think that anyone proposing a fundamental overhaul of our taxation system would first lay out a philosophy of taxation, which must be consistent with a broader philosophy of society and government. You won't find that in this book. The principal author has consistently exhibited a decided lack of social concern and understanding.
The so-called fair-tax is a twenty-three percent consumption tax in lieu of apparently all other federal level taxes: income, dividends, social security, Medicare, corporate, etc. [State taxes don't seem to be addressed.] It has long been held that the wealthy in a nation should pay taxes at a higher rate than ordinary citizens. The wealthy benefit far more than most from government. In fact they have a huge advantage over the rest of us by having an overwhelming say in the choice of those who occupy governmental offices and the consequent setting of policies and decisions. In essence, the rich get richer. They should pay for that largesse.
Consumption taxes are by far the most regressive of taxes that can be imposed. The median earner in this nation spends every dollar on necessary items. The rich do not. In fact a large portion of their income goes towards investments and wealth production. By exempting income, dividends, and interest from taxation, the so-called fair tax would simply exacerbate a tax scheme already weighted to the rich. The tax rate for the rich would plummet; for the poor suckers taken in by the fair-tax scheme, their tax rate would maximize.
The one thing that the book gets right is the necessity of changing the tax system. The loop holes for the rich are disgraceful. The idea that corporations don't really pay taxes is certainly a reality. The book complains about class warfare, not about the one that the powerful have been waging for decades. But the one where the ordinary citizen wants the powerful to get the boot off of his or her neck. But then that merely reflects where the hearts of the author are.
The fair-tax scheme proposed is utterly useless. It seems to assume that consumption is definitive of life - there is no larger context with greater significance and ramifications. For example, issues of power. Usually schemes such as this get a bit of a spike in public interest when first proposed, appealing to ideologues and the ignorant. Fortunately, there usually is no staying power. The length of the attention spans is commensurate with the depth of the knowledge of those jumping on the bandwagon.
The Fair Tax book.......2007-09-15
This book is an absolutely necessary read for any taxpayer in the country. We must get Congress to pass the Fair Tax and get rid of the incideous income tax and the IRS! This book explains in every detail how to do it by enacting the Fair Tax! The book answers all the questions I had!
Book Description
Real Estate Advantages is for first-time as well as seasoned real estate investors. It reveals the tax and legal loopholes available and most important, how they can be used together to not only maximize your income--but accelerate your income from real estate investing. Sharon Lechter and Rich Dad's Advisor Garrett Sutton team up for the first time to deliver practical, proven strategies and formulas--from the perspective of successful investors, CPAs and asset protection attorneys--for acheiving the greatest leverage from real estate investing. Written in easy-to-understand language, this book de-mystifies the legal and tax aspects of investing with easy-to-follow, real life examples. Real Estate Advantages reveals how you can find good advisors, create steady monthly income, reduce your risk, pay less in taxes, make more money with your banker's money and, best of all, the government helps you!
Customer Reviews:
Loaded with Helpful Strategies .......2007-08-26
Very informative. This book is full of great strategies of how to maximize your return and how to protect your real estate investments and retire comfortably. You will learn how to choose the right asset protection for your investments, how to maximize your real estate investments to your retirement advantage, the use of 1031 exchange to pass on assets to your kids without paying capital gain tax, how to mix and match business entities if you have multiple RE investments in different states, learn the advantages and disadvantages of a Nevada, Wyoming, California, Texas corporation or LLC. After reading this book, I attended a seminar with the co-author lawyer, Garrett Sutton, at a National Real Estate Investment Club Expo in L.A Convention Center. We had a Q&A after his presentation. This guy really knows his stuff. He seems to be a nice and humble person. If you are a RE investor or thinking of becoming one, I highly recommend this book. I also recommend that you consult with his office for asset protection. He does business over the phone for all states. You can also get lots of tips and info in Garrett Sutton's websites.
A Solid Foundation for launching a RE Investing career..........2007-08-20
Of all the Real Estate "How To" books and programs I've purchased over the years, one thing was always lacking...the legal aspects of holding and protecting the property. A few may have touched on it, but nothing as meaty as this book. Very informative and easy to understand. Buying real estate without reading this book would be like going into combat without weapons and body armor...at some point you're going to end up getting killed ( or sued ). In this day and age where people are suing fast food restaurants for making them fat, or cigarette companies for giving them cancer, don't think some tenant won't sue you some day for something equally as stupid. This book is super cheap insurance...buy it if you're seriously considering real estate investing.
Road to sucess!.......2007-06-10
The money you will save buying this book will save you thousands!It is a reference book that help you avoid all the common tax and legal problems when investing in real estate.
The ultimate get started book.......2007-04-10
This has been one of the best books on real estate I have ever read. I am just about to get started and will definately put this book into action. It is hard to get all of the topics for real estate into one easy to read format, but the Rich Dad advisors have done it and with a little flare. It is an easy read and good for anyone serious about getting started or if you have made mistakes along the way.
Great Stuff for the Money wise!.......2007-04-10
Full of great information if you want to know how to avoid costly mistakes for managing your excess funds.
Book Description
The definitive handbook for every benefits professional, providing you with new material on HIPAA and COBRA, key legislation, and more
The encyclopedic The Handbook of Employee Benefits is the essential reference in the human resources industry, helping you understand and select benefit plans that work best for both employers and employees. Important changes and additions to this sixth edition include new material on behavioral/mental health-care benefits, disease management, alternative medicine, and elder care. In addition, executive compensation plans in a pay-for-performance environment are covered for the first time, as are important changes in benefits following September 11, 2001.
Book 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.
“Will put thousands of dollars in your pocket every year.”-Mark Victor Hansen, Co-creator,Chicken Soup for the Soul®
- Updated to reflect recent and upcoming changes in the U.S. tax law
- One of the top best tax books according to Entrepreneur magazine
Customer Reviews:
This will really save you money!.......2007-08-08
I am using the advice in this book (and have done some of them before). The thoughts and approaches are laid out logically and in an understandable fashion. A must read for ALL taxpayers.
LOWER YOUR TAXES-BIG TIME is easy to understand and structured to take full, legal advantage of deductions.......2007-07-07
The 2007-08 edition of LOWER YOUR TAXES-BIG TIME! Has been named one of the best tax guides for small businesses, so any library catering to small business owners seeking only a few select guides must have this reference. It comes from a CPA and former IRS attorney, has been updated to include the latest tax laws and changes, and covers everything from travel and home business expenses to taking advantage of fringe benefits and 'IRS bulletproofing' them to survive any auditor's eye. From income shifting and car expenses to considering the best corporate structure for a business, LOWER YOUR TAXES-BIG TIME is easy to understand and structured to take full, legal advantage of deductions often missed by small business owners.
Excellent tips.......2007-05-28
This book is very easy reading, and very informative. There are very helpful tips and suggestions. I would have liked some more specific examples.
review of lower your taxes bigtime.......2007-05-14
We recieved our book very quickley and in perfect condition.and are very pleased with the content of the book.
Lower Your Taxes.......2007-03-26
Found the information very well organized and sufficiently documented from an IRS / accountant perspective so that someone could easily communicate items to your personal accountant to make tangible tax savings.
Book Description
This book takes an MBA style strategy perspective by considering the tax, accounting, and finance trade-offs involved in tax planning. Reflected in this revision are all changes in the tax code.
Also covered: extensive analysis of technical tax rules applied to corporate mergers and acquisitions; explanation of accounting for income taxes; discussion on College Savings Plans (529s); up-to-date material on new tax rates on dividends and capital gains; and much more.
For individuals furthering their personal or formal education of tax strategy, investment banking, corporate finance, strategy consulting, money management, or venture capital.
Customer Reviews:
Nice one Merle!.......2007-01-19
Took Professor Merle Erickson's course (few years ago now) never met a professor who made more of an effort to get the message across, and in this case a very valid/worthwhile message! The book is readable and useful.....where do you think much of Private Equity/Structured Finance profits come from?!
3.5 stars.......2004-12-14
very good book that addresses contemporary tax issues (i.e. savings vehicles, organizational format, tax arbitrage, international, M&A, etc.) by consistently using a few concise, clear frameworks (all parties, all taxes, all costs AND 1 pocket 2 another, 1 time to another, 1 type to another.
authors get carried with away algebra formulas to prove out simple concepts. can be tedious to read at times. use thia book as a guie to understand concept.
Solid treatment of material.......2001-06-08
We used this book as the text for a masters level course in our masters of accouting program. Students responded well and appeared to enjoy the book. They found the treatment of the material to be at an apporpriate level, and they rated the book a five on a five point anonymous rating. The only suggestion they proferred was for some companion piece covering a few of the more currently used planning techniques.
Great Text For a Complex Subject.......2001-06-06
As another reviewer states, the material for this book was used in the Taxes & Business Strategy class at both the University of Chicago and Stanford's business schools. Compared to other texts on this subject, it is actually readable and, more importantly, understandable to a non-tax professional. The are an abundance of examples that you can apply directly to situations which arise in real world situations. The 2nd edition has been updated to reflect most recent changes in the tax law.
The book is a must for anybody in investment banking, law, private equity, and other fields where a tax plays a large role in determining the outcome and structure of deals, compensation, etc.
A good text.......2000-05-01
Excerpts of the text are used in the Taxes and Business Strategy course at the University of Chicago Graduate School of Business. Scholes and Wolfson have provided an excellent, multi-perspective framework for thinking about tax issues and how taxes can impact the value of a transaction. Unfortunately, S&W have been making too much money in the private sector to update this book so some of the details in the book regarding tax laws are dated.
Book Description
This bestseller is the only book on tax deductions specifically for residential landlords!
Named a "Top 10 Real Estate Book" by Robert Bruss, syndicated real estate columnist
If you own rental property, you should be taking advantage of the many tax write-offs available. Every Landlord's Tax Deduction Guide gives residential landlords the plain-English guide they need to save money on taxes -- without the services of a high-priced accounting firm.
This book explains how to maximize your deductions. Find out how to:
fill out IRS Schedule E
take real estate tax credits
figure out if an expense is a repair (deductible) or
an improvement (depreciable)
maximize your depreciation deductions
deduct losses arising from real estate ownership
keep proper tax records
deduct home office, travel, casualty losses - and much more
Every Landlord's Tax Deduction Guide is comprehensive yet easy to read, jam packed with interesting and relevant examples. The 3rd edition is completely updated for 2007 and reflects the latest tax information and numbers.
Download Description
"Every Landlord's Tax Deduction Guide gives small residential landlords - who can't afford to hire high-priced accounting or law firms - the guide they need to save money on taxes. Every Landlord's Tax Deduction Guide explains how to: · fill out the dreaded IRS Schedule E · determine whether an expense is a deductible repair or depreciable improvement · take real estate tax credits · maximize depreciation deductions · deduct losses arising from real estate ownership · keep proper tax records · deduct home office, travel, and entertainment expenses This book is comprehensive yet easy to read, and provides many interesting and relevant examples. It also covers other deductions landlords can take, including taxes, interest, casualty losses, expenses for professional services - and much more. "
Customer Reviews:
Wanna save money?.......2007-09-27
This book not only describes detailed info about valid tax write-offs, but also has an insight into how to think as a Landlord. As a first-time Landlord, the book put into perspective why a repair can sometimes be better than a replacement and why. Lots of really good info if you don't want to pay for an expensive accountant! Highly recommended!
Best friend at Tax time.......2007-07-06
I can't tell you how many times I've referenced this book. It is very easy to use and simply written, even if by lawyers! During tax time I have it right by my side, and it always seems to answer every quesion I have.
very easy and informative.......2007-05-08
Recently I purchased a rental property. I knew a little about tax deduction as a landlord. THis book gives you very detailed info and also gives you an examples after each topic so that you can understand how you can apply the info into your real life. I am not a very good reader, but I can easily read this book and understand.
Great item and transaction.......2007-01-09
Many thanks to the seller - the book was in great condition and I received it promptly
Absolutely Essential.......2006-10-31
I am a law student at Yale Law School and my husband is an attorney. We own and I manage about 5 rental properties. This book is absolutely essential for anyone owning a rental property. Do not depend on your accountant as a substitute as most accountants will not know this kind of detailed information about real estate rentals (unless they specialize in it or maybe have their own rentals.) My accountant who has been in practice over 20 years did not know a lot of essential stuff which I had to guide him through(it may be time for a new accountant). If I had not read this book I would have been doomed. Because I can qualify for the unlimited deduction (not just $25,000) for rental losses, we have literally saved tens of thousands of dollars in taxes we would have otherwise had to pay on my husband's salary, legally, with the guidance of this book. I cannot recommend this book highly enough. It is written in a very easy to understand format and gives you almost all the information you need in one place. You cannot rely on others to properly arrange your financial affairs in this specialized area. By reading this book you will know how to buy, finance, and repair properties in ways that produce the most effective tax benefits. Consider yourself lucky that you are aware this book is out there and purchase immediately if you own rentals.
Book Description
Here's the classic "bible" of forms and checklists for every situation a professional photographer may face. Thoroughly expanded and updated to cover the Internet, this brand-new Third Edition contains 31 forms, each ready-to-use as is, or easily tailored to fit any situation. Photographers will find contracts for wedding, portrait, and assignment photography; property and model releases, assignment estimates, confirmations, and invoices; delivery memos; license for Web usage; nondisclosure agreements; and much, much more. An accompanying CD-ROM provides electronic versions of these forms, ready to use on both Macs and PCs.
Customer Reviews:
perfect for photographers.......2007-05-24
This is a perfect book for photographers, with sample forms, explanations as to how and when they would be used, and a CD with the same forms that can be customized. Very very useful, and excellent purchase.
Legal Forms for Photographers.......2007-05-14
This is a good book for someone starting out in professional photography. Lots of information and background provided within.
Very helpful.......2007-04-12
The book has a lot of forms for photography such as Wedding and Portrait contracts are very helpful and the book comes with a CD-ROM too.
Great title for photographers.......2007-03-09
This title is a great addition to any photographer's library. If I ever need to find a contract or form to use, this book has it. If it doesn't have it, it does have something similar to what I need so I can adjust it to work for me.
Speaking of working for me...the CD included with this title is a God send. It has all the forms from the book in RTF and Word form. This is nice because you can just go add names or make edits as you see fit without having to retype everything on a page.
It also explains thing you need for each form if you want to create your own (such as basic guidelines for a consent form).
I'd recommend this book to any photographer without an attorney or many years of business/legal experience.
How to Protect Yourself as a Professional Photographer.......2007-01-09
This book contains forms covering every area of photography. A must-have for everyone who makes or wants to make a living as a photographer.
Book Description
Be your own boss -- easily, efficiently and successfully -- with this bestseller!
Whether you're an independent contractor, freelancer, or consultant, it all adds up to the same thing: You need to be more aware of laws and taxes than the average person.
Fortunately, Working for Yourself provides all the information you need to stay on top of it all. An independent contractor himself, Stephen Fishman shows you everything you need to know to:
*meet business start-up requirements *pick a business structure *set up home or outside offices *obtain permits and licenses *price your services or products *comply with strict IRS rules *establish sound business relationships *avoid unfair contracts *draft good agreements *keep good records *get paid in full and on time *and much, much more
The 6th edition is completely revised to provide the up-to-date information you need, including the most current tax rates and changes in the law.
Whether you already work for yourself or are thinking about making the move, Working for Yourself will help make sure you do it right.
Download Description
"Be your own boss -- easily, efficiently and successfully -- with this bestseller! Whether you're an independent contractor, freelancer, or consultant, it all adds up to the same thing: You need to be more aware of laws and taxes than the average person. Fortunately, Working for Yourself provides all the information you need to stay on top of it all. An independent contractor himself, Stephen Fishman shows you everything you need to know to: -meet business start-up requirements -pick a business structure -set up home or outside offices -obtain permits and licenses -price your services or products -comply with strict IRS rules -establish sound business relationships -avoid unfair contracts -draft good agreements -keep good records -get paid in full and on time -and much, much more The 6th edition is completely revised to provide the up-to-date information you need, including the most current tax rates and changes in the law. Whether you already work for yourself or are thinking about making the move, Working for Yourself will help make sure you do it right. List of Forms Asset Log Expense Journal Income Journal Invoice General Independent Contractor Agreement Contract Amendment Nondisclosure Agreement "
Customer Reviews:
Very Helpful Book.......2007-01-16
I purchased the book since my employer explained that I will become an independent contractor for 2007. The book explained everything about being a contractor and how to stay in line with paying the taxes, how to protect my self employed status, what deductions I can take, and what forms and agreements I should use. I found it very informative and would recommend it to anyone who wants to understand the world of self employment.
All the legal tips, tricks and traps explained.......2006-04-20
Plenty of books impart the basics of how to work independently - but too few include all the legal tips, tricks and traps involved. WORKING FOR YOURSELF: LAW & TAXES FOR INDEPENDENT CONTRACTORS, FREELANCERS & CONSULTANTS covers everything from setting appropriate fees and understanding how and when taxes are paid to limiting liability and getting paid. Record-keeping processes are simplified with sample logs and entry advice, chapters on how the IRS defines an independent contractor versus a paid employee are essential keys to keeping independent status, and advice on pricing and insurance offer key strategy-oriented tips and approaches. A 'must' for any who would work independently.
Great straghtforward information and advice.......2005-09-17
I recently a started an S corp for my software contracting. The book is helpful and worth the price. It won't answer EVERY question you will have, but you probably should talk to a CPA for those anyway.
Another Nolo Press Winner.......2005-07-28
My husband is an independent photographer, so the Nolo Press books are great for him, geared as they are to all those wishing to handle all the paperwork for themselves, instead of the usual array of lawyers, accountants, etc. He keeps it as a reference book and can easily turn to whatever subject he needs more information on. Well-written and easy to understand, as are all Nolo books, these books are wonderful to review periodically.
Straighforward intro to the legal aspects of freelancing.......2004-05-04
A potential employer asked that I incorporate my freelancing business before they start sending me jobs. I wanted to do some research on the pros/cons of incorporating, what kind of start-ups costs this would entail, and what kind of corporation I should be. At first, the whole process of incorporating sounded like a huge money burden on my part--with filing fees and taxes--but this book has helped me sort out the issues and provided detailed information about the different ways to incorporate--sole proprietorship, LLC, S-corps. Although I haven't yet decided which path I will take, this book has made the jump to freelancing, and self-incorporating, less scary.
Not only do I understand my choices better, but I also now understand the different structures for businesses and their tax responsibilities. Great distillation of information! The copies of tax forms in the back are also a great reference. Highly recommended.
Book Description
Finding wealth through real estate investing depends upon knowledge, a good plan, andbuilding a team of advisors and mentors who can provide the expert guidance needed. By examining the three keys of successful real estate investing-selection, taxation, and protection-REAL ESTATEloopholes shows what it takes to make a real estate investment work.
Download Description
We've all seen the get-rich-quick real estate ads. There is something compelling about the idea of starting with nothing, investing just a little time and getting wealthy. It seems all you have to do is buy real estate and riches will be immediately and effortlessly yours. But REAL ESTATE LOOPHOLES shows that the real estate industry is not just a get-rich-quick game. Just as with any business venture, the key to finding wealth through real estate investing is through knowledge, a good plan and by building a team of advisors and mentors who can provide the expert guidance you need. By examining the three keys of successful real estate investing-selection, taxation and protection- REAL ESTATE LOOPHOLES shows what it takes to make a real estate investment work for you.
Customer Reviews:
Learned alot.......2006-07-07
I think that it is a good book for people who are just getting into real estate investing. It gives you information on many creative things that can be done. I learned alot and plan to use some of the suggestions and tools soon.
Plug for other products - all fluff.......2004-07-23
The authors of this book touch on many subjects, giving very little detail in any of them. The legal and accounting loopholes are very basic - and they keep referring you to other products and sites they've written/published - making this book one big commercial. In one area, when talking about the benefits of real estate investment, the fail to even mention costs associated with using equity, cash flow, repairs, etc. I am a new entrant to real estate investing, and would not recommend this book to anyone. It is no different than the get rich quick schemes you see on tv/internet.
Good for starters so you can talk the talk with your lawyer.......2004-04-13
The concepts in the RichDad series book Rich Dad, Poor Dad are basic concepts. It was a book to introduce the reader that working hard your whole life is not the way to create real wealth. In Real Estate Loopholes, the concepts for investing in real estate are pretty much the same amount of detail as in RDPD. It's a short read intended to give the reader some surface level knowledge of real estate tax advantage and legal issues to avoid by setting up LPs and LLPs. By reading this book, I'm able to ask more intelligent questions for my real estate attorney.
I'd say that it's a worthwhile read, but only if you are starting out in real estate investment and are going to be working with an attorney so you can ask follow up questions in forming your LLP that will be holding the real estate.
Worth it's weight in GOLD for the new real estate investor !.......2004-03-22
I read this book before I read the Amazon reviews. I was shocked at some of the negative comments. My recommendation is to read all of the how-to real estate books you want. When you finally decide you're going to invest, buy this book. It will save you money and headaches. If nothing else it will give you a basic understanding of ownership options and tax benefits (loopholes) that you can then discuss with a lawyer and accountant. Know what you're getting in to before you make your first offer to buy. It is the only real estate book that I am 100% satisfied with. Good luck!
Real Estate Loopholes: Secrets of Successful Real Estate Inv.......2004-03-08
E-book would not allow you to print pages for review. Difficult to read on-line. Would not purchase e-books again unless it allows an option to print out certain selected pages. Content of the book was very beneficial.
Book Description
Written by a team of tax specialists, J.K. Lasser’s Your Income Tax 2007 is the nation’s all-time top-selling tax guide. It’s filled with expert advice and guidance—including over 2,500 easy-to-follow tax tips and strategies—that will help you plan and file your 2006 tax return in the most efficient way possible.
Customer Reviews:
Excellent Income Tax Book.......2007-09-19
This book is a great resource and a must have for everyone, even tax professionals!!
Best in the Federal Tax Business.......2007-07-02
"JK Lasser's Your Income Tax 2007" is the best reference book for federal income taxes is the business. They have been publishing tax guides for 75 years. We first learned of this valuable resource when we saw it on an IRS auditor's shelf, many years ago. Since then when working in small public libraries it is the only tax guide purchased for the collection.
Of great value is their coding system: Filling tips-when and how, Planning Reminder gives the tax-payer suggestions for year-end tax strategies, Caution points out pitfalls to avoid, Law Alert indicates a recent change in the law, Court Decision signals new Tax Court rulings, and IRS Alert flags key rulings and announcements,not all rulings that affect the code come from the court-they maybe nothing more than a letter from the IRS. But these letters have influence within the department as to how an item is viewed as to its value as a deductible.
This is one of the big guys from which most smaller books have been devised. The volume is cumbersome as more and more information is packed into it, but it is easy to use with a fantastic index. We have include a diagram of the citation system in our book, because it helps the reader to understand the system of indexing. If it is used correctly you can go directly to the pertinent information for your situation.
Nash Black, author of "Taxes, Stumbling Blocks & Pitfalls for Authors 2007."
The Only Thing It Didn't Do Is My Taxes For Me.......2007-04-11
This is a remarkable series (if every year's book is as good as this one is. It really covers almost every situation with clear examples. Although I still had to seek professional advice concerning K1 forms, clear advice on limited partnerships inside an IRA was almost unavailable anywhere else, so I cannot fault Lasser too much.
Great resource.
Lassers Income Tax 2007.......2007-04-08
Very Good book for anyone doing taxes. Put into language for lay person or professional tax preparers.
Gerry.......2007-03-13
I have successfully used JK Lasser's for years. The information is accurate and user friendly. Now I can get it at a more reasonable price.
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