A famous Chief Justice once said; “it is every citizen’s responsibility to pay the least amount of taxes allowable by law.” In other words, it is up to each individual taxpayer to understand the tax law and take advantage of every single possible loophole, discount, tax credit, or deduction possible. Most people like the sound of that, and in reality it makes sense, that’s why the tax code is the way it is.
Our government puts forth initiatives and uses the tax code to spur on public consumption in a certain direction to help stimulate industry or adjust things to serve the common good. Since this is true, and since you’d like to save money and your taxes, because the more money you save the more money you have earned; I’d like to recommend a very good book for you. The name of the book is;
“Tax Loopholes-Everything the Law Allows” by Boardroom Classics, 1998.
This is the tax planning and deduction encyclopedia, or so it claims, and our first glance I tend to agree. There are lots of tips, techniques, and tactics to save money and lower your tax bill. There is a lot of tax know-how in this book, and whether you are retired, own a small business, have a home office, own rental property or just feel that you’re paying way more than you should, then this is the book to read. You are bound to find interesting information which will save you money.
It also has tips in dealing with the IRS, and how to have a Successful Audit, and the book suggests what the IRS computers are looking for when they flag various taxpayers to be audited. Apparently, they did have some enrolled agents from the IRS assist them with this book, because it does seem to have a lot of inside information. Please consider all this.
It's Your God - Given Right to Save Money on Your Taxes - A Book Review
No comments:
Post a Comment