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by Diane Kennedy (Author)
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.
Front Jacket
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(R)
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 family's 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.
There's 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 family's 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 there's 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
You'll also find a helpful checklist of 300+ business deductions, real-life tax strategy examples, useful sample forms, and details on IRS codes and rules.
Author Biography
DIANE KENNEDY, CPA, is a top real estate author and investing expert. She holds seminars across the country on how to legally and ethically minimize tax obligations. She is the founder and owner of DKA, a leading tax strategy and accounting firm. She is also the coauthor of The Insider's Guide to Real Estate Investing Loopholes and The Insider's Guide to Making Money in Real Estate, both from Wiley.
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