Busy Tax Consultant - The Best Books Reviews!

This Executor's Guide provides a comprehensive overview of the responsibilities involved in settling a deceased person's estate or trust. It outlines the initial steps following a death, such as arranging funeral services and securing assets. The book details the process of identifying and managing assets , paying debts and taxes, and distributing property to beneficiaries, whether through probate...

These excerpts from Principles of Taxation for Business and Investment Planning introduce fundamental tax concepts relevant to business and personal financial decisions. The authors emphasize understanding the tax implications of transactions for effective wealth maximization, downplaying intricate compliance details in favor of broader relevance. The text covers various aspects of taxation, inclu...

This comprehensive legal textbook, "International Taxation in a Nutshell," serves as an introductory guide to the intricacies of U.S. international tax law, focusing on its application to cross-border business and investment activities. It systematically examines key areas such as source rules for income , the taxation of foreign taxpayers in the U.S. and U.S. taxpayers abroad , and the crucial ro...

J.K. Lasser's Small Business Taxes 2008 serves as a comprehensive guide for small business owners navigating the complexities of federal income taxes. It clarifies various aspects, including tax assistance resources offered by the SBA and IRS, the impact of deductions and credits on taxable income, and the tax implications of different business structures like sole proprietorships, partnership...

This source, "The Triumph of Injustice," by Emmanuel Saez and Gabriel Zucman, dissects how the U.S. tax system has shifted from a progressive structure after the New Deal to one resembling a flat tax that is regressive at the very top , benefiting the wealthiest Americans despite their booming incomes. The authors argue this "triumph of injustice" occurred through increased tax avoidance, governme...

This Hoover Institution Press publication by Thomas Sowell critically examines the concept of the " trickle-down theory " and the characterization of " tax cuts for the rich ." Sowell argues that the "trickle-down theory" is a caricature created by opponents of tax rate reductions and lacks historical basis in economic thought. He contends that proponents of tax cuts, like Andrew Mellon , John F....

"The Childfree Guide to Life and Money" offers financial advice specifically tailored for individuals and couples without children, challenging conventional financial planning assumptions centered on raising families. This guide encourages readers to define their own life goals before financial ones, promoting concepts like Financial Independence, Live Early (FILE) over traditional retirement plan...

This guide, Tax Savvy for Small Business , aims to provide a comprehensive understanding of tax strategies for small business owners, covering topics from basic deductions and record-keeping to more complex issues like business structures, fringe benefits, retirement plans, and handling IRS audits. Authored by tax attorneys, the book explains federal tax laws and offers guidance on navigating vari...

Stephen Fishman's "Every Landlord’s Tax Deduction Guide" offers comprehensive guidance for residential rental property owners on navigating federal income tax laws. The book focuses on maximizing tax deductions , covering topics such as rental income, operating expenses, depreciation, and potential losses. It explains various IRS rules and regulations, including those related to repa...

This 2008 NOLO guide offers professionals comprehensive information on tax deductions and business entity choices . It explains various deductible business expenses , including travel, home office, and vehicle costs , while also covering long-term asset depreciation and amortization . The book further details different business structures like sole proprietorships, partnerships, LLCs, and corporat...

Sandy Botkin's "Lower Your Taxes - BIG TIME!" offers extensive guidance for small business owners and the self-employed to legally minimize their tax obligations. Drawing on the author's experience as a former IRS insider, the book reveals numerous strategies for maximizing deductions related to home-based businesses, meals, travel, vehicles, and home offices, while also providing advice on naviga...

This book, written by the experienced "TaxMama®," serves as a guide to understanding and navigating the complexities of US tax laws to maximize savings through deductions, credits, and other legal means. It aims to provide practical tips often overlooked in standard tax advice, encouraging readers to research and understand their own tax situations rather than blindly trusting advice. The text cov...

This source, "TAX-FREE Millionaire: How TRIPLE ZERO™ Plans Can Transform Your Future Retirement," by Mark J. Orr, introduces a retirement income strategy centered around specially designed, maximum-funded Indexed Universal Life (IUL) insurance policies , referred to as TRIPLE ZERO™ plans . These plans aim to provide tax-free retirement income , avoid stock market risk with a 0% floor and...

"J.K. Lasser's 1001 Deductions and Tax Breaks 2016" serves as a comprehensive guide for taxpayers seeking to minimize their tax obligations. Authored by Barbara Weltman and published by Wiley, this book provides detailed explanations of numerous deductions and tax breaks available for the 2016 tax year. It covers a wide array of topics, including deductions related to personal and family expenses,...

David McKnight's book, "Tax-Free Income for Life," champions a retirement planning strategy focused on mitigating both rising tax rates and longevity risk to ensure a secure financial future. It critiques traditional approaches and introduces a comprehensive method involving the strategic use of Roth conversions, fixed indexed annuities, and life insurance retirement plans (LIRPs). T...

This For Dummies guide, specifically Small Business Taxes For Dummies , aims to simplify the often complex world of small business taxation for entrepreneurs. It covers essential topics such as tax planning , understanding different business structures and their tax implications, navigating deductions and credits , and managing employment taxes . The book also addresses crucial aspects of running...

Tom Wheelwright's "Tax-Free Wealth" aims to educate readers on leveraging the tax code to build substantial wealth by legally and permanently reducing their tax obligations. The book asserts that understanding and utilizing intended tax benefits for entrepreneurs and investors is not only permissible but encouraged by governments to stimulate economic activity. Wheelwright, Robert Ki...

Andrew Henderson's "Nomad Capitalist" advocates for maximizing personal freedom and financial prosperity by strategically living, banking, and investing internationally. The book encourages readers to "go where you're treated best" by exploring opportunities beyond their home country's borders. It covers topics such as establishing location-independent businesses, o...

Mark J. Kohler's "The Tax and Legal Playbook" aims to equip small-business owners with crucial strategies for legally minimizing taxes, protecting assets, and navigating business structures. The book explores various entity types like LLCs, S-corps, and C-corps, highlighting their tax implications and liability protections. Kohler provides actionable advice on tax deductions, includi...

This Executor's Guide provides a comprehensive overview of the responsibilities involved in settling a deceased person's estate or trust. It outlines the initial steps following a death, such as arranging funeral services and securing assets. The book details the process of identifying and managing assets , paying debts and taxes, and distributing property to beneficiaries, whether through...

This guide from ClydeBank Media offers a comprehensive overview of tax obligations and considerations for small businesses , including sole proprietorships, startups, and LLCs. It explains fundamental tax concepts like cash versus accrual accounting and the various levels of taxation (federal, state, county, city). The text details how to choose the correct business entity , navigate interactions...

This book, The Book on Advanced Tax Strategies for Savvy Real Estate Investors , offers guidance on legally minimizing tax burdens for real estate investors. Authored by Amanda Han and Matthew MacFarland and published by BiggerPockets Publishing, it explores various advanced techniques beyond basic deductions. The text covers topics like tax reform impacts, depreciation strategies including bonus...

This document, "475 Tax Deductions for Businesses and Self-Employed," serves as a guide to understanding the various tax deductions available to businesses and self-employed individuals in the United States. Authored by a CPA, it aims to demystify complex tax laws by explaining terminology and basic rules in accessible language, often referencing free IRS publications for detailed inform...

This book from the Wiley Finance Series explores the pervasive issue of accounting fraud. It examines historical and contemporary cases of financial reporting manipulation across the globe. The author details various methods of both legal and illegal manipulation, explaining the motivations behind these actions and their serious economic consequences. Furthermore, the text identifies numerous warn...

Taxes 2009 For Dummies offers a comprehensive guide to understanding and navigating the U.S. tax system for the 2008 tax year. The book explains various aspects of tax preparation , from getting organized and determining filing status to understanding income, deductions, and credits. It details numerous IRS forms and schedules , providing guidance on how to complete them and highlights potential t...