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Title: Lower Your Taxes - Big Time! : Wealth-Building, Tax Reduction Secrets from an IRS Insider by Sanford C. Botkin, Sandy, Cpa, J.D. Botkin ISBN: 0-07-140807-X Publisher: McGraw-Hill Trade Pub. Date: 18 December, 2002 Format: Paperback Volumes: 1 List Price(USD): $16.95 |
Average Customer Rating: 4.76 (17 reviews)
Rating: 5
Summary: Excellent
Comment: The main idea behind all books like this is that you MUST start some kind of business (part time, at home, whatever) to take advantage of some amazing tax laws. Making that first move is probably the hardest step for most people. Don't expect a motivational pep talk here. Think of it like this: What would you give for a 10% raise? 20%? 30%? You can save that much in taxes if you take the small step of creating a business.
Once you are ready to take that step, this book is wonderful. Other books talk about the same stuff, but this one is easy to read, well organized, and best of all, the author cites everything to the IRS code or case law. That is important since many financial gurus (think Rich Dad series) give advice that is plainly wrong or sometimes even illegal. This book is 100% legit.
I was concerned when I heard the author was associated with Tony Robbins, but Mr. Botkin makes no attempt to sell or promote any product in this book.
Read this book, save lots of money. Good luck.
Rating: 5
Summary: Slash your taxes----BIGTIME!
Comment: Taxes are our biggest expence; more than the cost of a mortgage or a college education for our children. Sonny Botkin gives you the techniques to slash your taxes legally, ethically and morally.
More money to invest or gift away.
Rating: 5
Summary: Clear and simple savings
Comment: I could write forever on the points of this book, so I'll make a few brief points:
1. Clear ways to reduce your biggest expense - taxes.
2. Proper way to organize your business (don't have one, this book will tell you why you should)
3. Best way to transfer cash from person to person, legally, making it an expense (less tax) for you and not income (no tax) for the receiver.
4. Tax free savings for college for yourself or kids.
5. Learn how to get by all the minimum deduction amounts (I *really* like the one on the self-insurance plan which moves co-payments from lost money to a tax deduction, even if under the 7.5% floor in the itemization)
So much more exists. Everyone should get this book. I liked it so much, when an opportunity presented itself at a conference to give an impromptu speech, I volunteered and used this book as the basis.
My favorite phrase from the book: "If there is a will, there is a lawyer."
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Title: Money Mastery: 10 Principles That Will Change Your Financial Life Forever by Alan M. Williams, Peter R. Jeppson, Sanford C. Botkin ISBN: 1564146103 Publisher: Career Press Pub. Date: 15 February, 2002 List Price(USD): $19.99 |
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Title: Loopholes of the Rich: How the Rich Legally Make More Money and Pay Less Tax by Diane Kennedy, Robert Kiyosaki ISBN: 0446678325 Publisher: Warner Business Pub. Date: 01 June, 2001 List Price(USD): $19.95 |
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Title: J.K. Lasser's Taxes Made Easy for Your Home Based Business, 5th Edition by Gary W. Carter ISBN: 0471235040 Publisher: John Wiley & Sons Pub. Date: 15 November, 2002 List Price(USD): $16.95 |
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Title: Brilliant Deductions by Wade B. Cook ISBN: 0910019894 Publisher: Origin Books Sales, Inc. Pub. Date: January, 1998 List Price(USD): $26.95 |
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Title: How to Pay Zero Taxes 2003 : Your Guide to Every Tax Break the IRS Allows! by Jeff A. Schnepper ISBN: 0071407367 Publisher: McGraw-Hill Trade Pub. Date: 10 December, 2002 List Price(USD): $15.95 |
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