Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Law and legislation    4. Mineral industries    5. Mines and mineral resources    6. Personal Finance    7. Personal Finance - Taxation    8. Popular works    9. Tax planning    10. Taxation    11. Taxation - General    12. United States   

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business/Economics    4. Consumer Finance    5. Income tax    6. Law and legislation    7. Personal Finance    8. Personal Finance - Taxation    9. Popular works    10. Tax Accounting    11. Tax planning    12. Taxation - General    13. United States    14. Business & Economics / Personal Finance / Taxation    15. Taxation    16. USA   

Editorial Review

Offshore money havens are not just for millionaires anymore: they're for people who Read more

Reviews (45)

The author was convicted for giving out this advice...
Don't waste your money.
Author Is Going to Prison
Anyone who believes this BS is either really stupid or really naive. The author has been charged with defrauding the federal government, has agreed to a plea bargain, and will enter the U.S. District Court in San Francisco next month to plead guilty. As part of the plea bargain Mr. Schneider has turned over his client list to the IRS, complete with addresses, phone numbers and other information. Some tax advice: When something sounds too good to be true - it always is.
Tried it, book doesn't work.
I followed the book's instructions to the letter and tried toopen a current account at three Singapore banks recommended in the book. Only one replied, saying I could only open an account denominated in US dollars or Singapore dollars, and not any othercurrency, contrary to what the book says. In addition, this bank wanted somebody already known to them to introduce me to them before they'd deal with me.This book is a waste of time and money. I'm now doing internet research to get the informmation I need to do what I want to do. It takes a lot more time, but I feel confident of success. ... Read more

Subjects:  1. Banks & Banking    2. Banks and banking    3. Banks and banking, Internation    4. Banks and banking, International    5. Business & Economics    6. Business / Economics / Finance    7. Business/Economics    8. Investments, American    9. Personal Finance - Investing    10. Personal Finance - Money Management    11. Tax havens    12. Tax planning    13. Business & Economics / Personal Finance / Investing    14. Economics, Finance, Business and Industry    15. Personal finance   

Reviews (2)

Change your point of view
The value of this books lies in the author's frequent assertion that you are not 'avoiding taxes' or 'cheating the IRS'... because there are PLENTY of tax breaks written into the tax code that are legal and only have to beasked for; so ask! Many are best used by small businesses which areincorporated, but others apply to everyone. He has many travel deductionstrategies which make most of a trip deductible.

Fun, wicked book about how to legally reduce your taxes!
I read the parts of this book that related to me...mutual funds,etc.Then I browsed through other parts.The examples make each point clear and are often humorous.There are lots of ways to keep taxes much lower through planning ahead of time.This book makes it fun to make those plans. ... Read more

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business/Economics    4. Income tax    5. Law and legislation    6. Personal Finance - Taxation    7. Popular works    8. Tax planning    9. Taxation    10. Taxation - General    11. United States    12. Business & Economics / Taxation / General   

Reviews (8)

Not for the average person
This book does not provide what the title indicates. Was very disappointed as I had expected this book would divulge some little known info for tax breaks. Unless you own a business or have tons and tons of money invested I would pass this by.

Not for the average person
This book does not provide what the title indicates. Was very disappointed as I had expected this book would divulge some little known info for tax breaks. Unless you own a business or have tons and tons of money invested I would pass this by.

Outdated
I was very disappointed to find that even though "2002" was part of the title, nothing in this book was current. I strongly recommend Taxes for Dummies. Don't waste your money on this one. ... Read more

Subjects:  1. Accounting - General    2. Business & Economics    3. Business / Economics / Finance    4. Business Ethics    5. Business/Economics    6. Personal Finance - Taxation    7. Tax planning    8. Taxation    9. United States    10. North America    11. Personal finance    12. USA   

Reviews (4)

Will save you a couple of hours with your tax professional
This book discusses tax planning as seen from 10,000 miles above the ground. It covers only the most basic ideas instead of going into deeper explanations. When a topic gets more complicated the authors refer the reader to a tax professional or a financial advisor. The last paragraph of the book summarizes the problem in the best way: "As we said before, we think utilizing a tax professional is a smart idea. A traditional tax professional will help you prepare and file your return and give you plenty of tax-wise advice along the way." (page 212) It's a pity that the book itself doesn't contain all this "tax-wise advice." This book keeps it simple!
I found this book to be refreshingly user-friendly and well written. The authors know how to simplify tax information and they provide many useful tips to save time and money. The book also assumes that the readers are "no dummies" which is just plain smart. Thank you H&R Block for helping me to understand how to get my tax and financial life in order!

Tax Planning Advisor -- H&R Block
I feel the book was very well written.It is not intimidating, easy flow.True to life questions.I would highly recommend this book to anyone.Good reference material for those life changing events.Handy charts for preparing to do your taxes.Read more

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business/Economics    4. Income tax    5. Law and legislation    6. Popular works    7. Tax planning    8. Taxation    9. Taxation - General    10. United States    11. Business & Economics / Taxation / General   

Reviews (1)

GREAT information......
If you are confused on your taxes, this book will enlighten some of theconfusing moments at tax time.There are so many hidden tax terms when youare self-employed and this book really helps you to understand them all. However, if you are wanting to become an expert at tax returns, this bookwill help.But if you are just wanting to do your taxes, go to an officesupply store and buy the new tax software on the market.The software isalot easier than trying to understand tax terms in a book. ... Read more

Subjects:  1. Business/Economics    2. Law and legislation    3. Self-Employment    4. Self-employed    5. Tax planning    6. Tax returns    7. Taxation    8. United States    9. Small businesses & self-employed   

Subjects:  1. Accounting - General    2. Business & Economics    3. Business / Economics / Finance    4. Business/Economics    5. Income tax    6. Law and legislation    7. Personal Finance - General    8. Personal Finance - Taxation    9. Popular works    10. Tax planning    11. Taxation    12. United States    13. USA   

Reviews (2)

a good first line of defense for people with net worth.
A friend was telling me what happened after his promotion to senior vice president was announced in the newspaper. Dozens of free offers began to come in the mail, such as coupons to use in exclusive clothing stores and free lunches for two at expense-account restaurants. One of the latter was for a restaurant he'd always wanted to visit. So he took the offer and was immediately surprised at how gracious the service was. He and his friend weren't that hungry, so they turned down an appetizer and a cocktail. After they had ordered a meal and told the waiter they would not have room for dessert, the waiter leaned in conspiratorially and whispered, "have some, for goodness sakes. It's all free!" My friend's unwillingness to capitalize on the restaurant's hospitality reminds me of the way some high net worth individuals look at taxes. They figure they owe it to someone to take some of the government's free offers, but not all of them. By "government free offers" I mean the ability of the system to give as well as take away. It doesn't necessarily give tax advantages out of social generosity (although it may seem that way politically sometimes). We simply have a system that can't know what you're doing all the time, and it doesn't want to know, either. Terry Coxon plumbs the principles and pragmatics behind the limits of the system. Planning to avoid taxes depends on knowing the world according to the IRS and the world as it really is, with all the gaps so implied. You should understand baically where tax rules come from and how they are enforced and changed. Investing is another activity where you can get easily sidetracked. You may think that the identity of a particular investment or strategy is of paramount importance. In reality, the only think important in your portfolio is results. Successful investors act on this instinctually. Others tend to get caught up in minutiae. Coxon also emphasizes protecting yourself against lawsuits, where anything you own could be used against you to satisfy a judgment or just scare you into submission. Litigation is not a gentlemen's game, as many losers of lawsuits find out the hard way. To maintain your financial privacy, don't use credit cards and checks routinely. Keep your checking account in another county, and change banks every few years. He also advises the use of a money market fund for checking, "so that no one can dig through your records without digging through the fund's records." The author also advocates tax deferral through the use of mutual funds, deferred annuities, and even types of life insurance. This is where he loses me. Knowing a little about such things seems more dangerous than knowing nothing at all, and the chapters on these subjects are brief. Other tax deferral vehicles are outlined here: deferred-payment sales help you defer capital gains or interest income. A number of acceptable strategies exist to drag your feet abou recognizing gains which can be taxed. Coxon's attitude about recognizing losses is something I hadn't heard before, but it's consistent with the rest of his book: "A loss is an insult to the investor's pride, and no mere tax savings will make it tolerable. Selling is too much like putting on a dunce cap. "This attitude is difficult to escape. I can only point out that, if your investment is worth less than you paid for it, the loss has already occurred. So you should feel bad even if you don't sell. Selling is simply a way of getting the tax collector to share your grief." This kind of advice is refreshing and will hit different people different ways. On balance, this book is a good first line of defense for people with net worth they want to protect.

Find financial privacy and financial protection in the US.
How would you like to be able to use a charge card that is private?I did not know there was such a card, but you can get one!Do you want to protect yourself from being financially destroyed by a simple lawsuit or an out-of-control predatory government agency?This book explains how simple anyone can set up a private foreign bank account.It gives a very good explanation of a protective foreign trust that can protect you, save taxes for you, and even more for your beneficiaries. ... Read more

Subjects:  1. Business/Economics    2. Estate planning    3. Finance, Personal    4. Financial security    5. Personal Finance    6. Tax planning    7. Business & Economics / Personal Finance / General   

Editorial Review

If you're surprised by how much you pay in taxes every year, then maybe you should think about Read more

Reviews (3)

A pleasure to read. An informative book, however...
...any well written and/or structured database is, just that. If one is truly interested in minimizing their tax burden(s) while simultaneously maximizing savings as well as unlimited income potential, a proactive, allencompassing opportunity is readily available.

A very useful book. It saved me money.
Unlike most attorney's, Ed Lyon gets right to what the reader wants from a tax advice book - how to save money. Finally, a readable tax book!
I was very impressed with how easily understandable this book is. I couldquickly find answers to my questions, and they were written in plainenglish without a lot of industry jargon. The tone was really refreshingfor such a dreaded subject. ... Read more

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Consumer Finance    4. Income tax    5. Law and legislation    6. Personal Finance    7. Personal Finance - Taxation    8. Popular works    9. Tax planning    10. Taxation    11. Taxation - General    12. United States   

Subjects:  1. Business & Economics    2. Business/Economics    3. Consumer Finance    4. Personal Finance - Taxation    5. Skills    6. Tax planning    7. Tax returns    8. Taxation - General    9. United States    10. Business & Economics / Taxation / General    11. Management & management techniques    12. Taxation   

Subjects:  1. Administrative Law & Regulatory Practice    2. Business & Economics    3. Business/Economics    4. Estate planning    5. Estates & Trusts    6. Legal Reference / Law Profession    7. Pennsylvania    8. Personal Finance - General    9. Popular works    10. Tax planning   

Subjects:  1. Business & Economics    2. Business/Economics    3. Consumer Finance    4. Income tax    5. Law and legislation    6. Personal Finance - Taxation    7. Popular works    8. Tax Accounting    9. Tax planning    10. Taxation - General    11. United States   

Subjects:  1. Administrative Law & Regulatory Practice    2. Business & Economics    3. Business/Economics    4. Estate planning    5. Estates & Trusts    6. Legal Reference / Law Profession    7. Personal Finance - General    8. Popular works    9. Tax planning    10. United States    11. Wills   

Reviews (1)

A winner
The world of investing is so complicated.Especially trying to figure out total return and whta makes sense on an after tax basis.This book does it all.It also gave me new idea's that I had not been aware of, such as Tax Credit investments. ... Read more

Subjects:  1. Business / Economics / Finance    2. Business/Economics    3. Estate Planning    4. Estates & Trusts    5. Finance, Personal    6. Investments    7. Investments & Securities - General    8. Law    9. Personal Finance - Investing    10. Personal Finance - Taxation    11. Tax planning    12. United States    13. Business & Economics / General   

Reviews (2)

Pre-Modern
Not worthy.Despite the promising title and subtitle, the book is written in the pre-modern tax-minimization mode.The proper goal of tax-smart investment management is not minimizing taxes.Rather, the modern view is that tax-smart investing should focus on maximizing after-tax risk-adjusted returns.The chapter topics--direct ownership, munis, tax-deferred savings plans, employer retirement plans, annuities, whole life, MFs, VAs, VLI, MECs, real estate, FLPs, asset location, estate tax, estate strategies--are reasonable and do include nuggets of insight, but lack the over-arching modern view of taxable investment management.The variable annuity chapter, for example, does include 3 paragraphs on the "minus" of extra expenses but considers the fact in isolation.Details building a case for this "minus" are weak--they seem stacked against persuading someone that expenses are a significant negative.(When in fact, many VA policies have expense levels egregious enough to defeat the tax-smart aspect of VAs.)Note further that at least 100 pages of the thin book are fluff--appendices of minimal usefulness.The more so since this 1999 book cannot reflect the 2001 tax changes.Even if the tax code weren't evolving, I'd question the appropriateness of this book in the "Wiley Financial Advisor" series for any but the greenest advisor unacquainted with the pre-modern rudiments of after-tax investing.

Great Read
The books moves from the basics to the more complex.It would be a great book for new advisors.Read more

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business/Economics    4. Consumer Finance    5. Finance    6. Finance, Personal    7. Investment Finance    8. Investments    9. Investments & Securities - General    10. Personal Finance - Financial Planning    11. Personal Finance - Investing    12. Tax Accounting    13. Tax planning    14. Taxation    15. United States    16. Business & Economics / Personal Finance / General    17. Investment & securities   

Reviews (4)

Be prepared to pay a pretty penny to your CPA
I own this update and his last book. Basically concepts are good and prose somewhat entertaining. However, here is the catcher. If you are going to use a CPA for doing all this stuff be prepared to hock your house and your family. What the CPA'S do not get the lawyers will when they charge you for setting up your FLP. I saw one bit of communication where the authors states that refiling was not worthwhile when his fees were factored in !!!!. That should tell you something. You do not believe me just call his office for a quote. This guy's has found the hoy grail of relieving most investors...opps ! i mean us traders from our profits ! Look Elsewhere
I found this book to be a vast waste of time.There is very little of practical use to the trader.The author spends the majority of the book on his "Triple Crown" of reducing taxes.None of which you can do without a CPA.You would be better off visiting this book at your localbookstore, jotting down the "Triple Crown" and then hiring a CPAto explain it to you. The writing is poor and difficult to follow -- notbecause of the technical difficulty, but, because the sentences andparagraphs are so poorly constructed. Save the $( ) and look elsewhere.

I'm glad I waited...
I just received this book this week after some publishing delays and I'm glad I didn't decide to cancel the pre-publication order.This book is well worth the wait.It's much better than Tesser's previous book.Thereare lots of examples and even goes into details on estate planning inaddition to the tax advantages of trader's status. This book willdefinitely give you something to think about how to plan and do your taxes! ... Read more

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business/Economics    4. Finance    5. Investment Finance    6. Investments    7. Investments & Securities    8. Investments & Securities - General    9. Law and legislation    10. Personal Finance - Investing    11. Tax Accounting    12. Tax planning    13. Taxation    14. Taxation - General    15. Taxation of bonds, securities, etc.    16. United States    17. Investment & securities   

Reviews (4)

Excellent Reference!
This book is a must for everyone. I purchase this book every year to receive the "What's New" changes within the year. The book is very simple to follow with examples to explain in detail. Includes all the forms with example of filled-out forms as well.I read this book first, collect what I can use in my itemized items, and then file electronically. This book has saved me thousands. Best book out there!

Read This Book
I am not sure what book the previous person read, but it wasn't this one!! Not bad since the IRS basically wrote it
This book is simply a compilation of the IRS publications found at www.irs.gov. I mean they didn't even change the wording one bit. Look at education credits then go download Publication 970 from the IRS' website. It is verbatim.Read more

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business/Economics    4. Income tax    5. Law and legislation    6. Personal Finance - Taxation    7. Popular works    8. Tax Accounting    9. Tax planning    10. Taxation - General    11. United States    12. British Isles    13. Business & Economics / Taxation / General    14. Personal finance    15. Taxation   

Subjects:  1. Business & Economics    2. Business / Economics / Finance    3. Business/Economics    4. Estate planning    5. Estates & Trusts    6. Finance    7. Inheritance and transfer tax    8. Law and legislation    9. Personal Finance - Financial Planning    10. Tax planning    11. Taxation - General    12. United States    13. Business & Economics / Finance    14. Business & Economics/Accounting - General    15. Business & Economics/Personal Finance - General    16. Law/Estates & Trusts    17. Law/Taxation    18. Taxation    19. USA    20. Wills & probate