Tax Insight

For Tax Year 2013 and Beyond
2. Auflage 2013
ISBN: 978-1-4302-6310-4
Verlag: Apress

Buch, Englisch, 376 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 5427 g

Tax Insight: For Tax Year 2013 and Beyond will teach you to take control of life’s biggest expense—taxes. In your lifetime, you will spend more money on taxes than on anything else. Despite that fact, you likely know the current prices of movies and milk but don’t know what your marginal tax rate is. You know where to get the cheapest gallon of gas to save a buck or two, but you don’t give a thought to the tax strategies you should be using right now that would save you thousands. Why? Is it too complicated and confusing? Too unpleasant? In Tax Insight, tax expert Casey Murdock opens up the world of taxes with amazing clarity and simplicity. As you will discover, you have within reach numerous ways to reduce your taxes. With everyday language and real-life examples, Tax Insight will give you the keys to minimizing your tax burden.
This book contains information you need even if you have a tax advisor or use a program like TurboTax. Tax professionals are busy and sometimes too cautious, and programs often miss opportunities for you to save money. It's also for those of all ages and income levels, including business owners. Tax Insight:
- Breaks down the key components of taxes with ease and simplicity.
- Provides a roadmap to paying as little tax as possible.
- Helps you know if you should do it yourself or hire a professional.
While there are many encyclopedic books on taxes—like J.K. Lasser’s Your Taxes—there aren’t nearly enough that describe the tax code in plain language. Far more than a rehash of impenetrable IRS "help" documents, Tax Insights is organized the way most people think and presents ideas in clear, simple language. If you buy this book and take advantage of its advice, you will save money.

Zielgruppe

Popular/general

Autoren/Hrsg.

Murdock, M Casey

Fachgebiete

• Mathematik | Informatik EDV | Informatik Digital Lifestyle Online Banking & Finance
• Mathematik | Informatik EDV | Informatik Business Application Unternehmenssoftware Buchhaltungssoftware

Inhaltsverzeichnis

- The Tax Code Demystified 
- Key Components Defined     
- Income     
- Dependents and Filing Status     
- The Tax Code Is Rigged    
- Employment Income     
- Retirement Income     
- Other Sources of Ordinary Income     
- Tax-Free “Unordinary” Income from Non-Investment Sources 
- Tax-Free Investment Income   
- Taxable Investment Income  
- Deductions from Investment Income   
- Education Investment Strategies   
- Retirement Investment Strategies—The Basics   
- Retirement Investment Strategies—Alternatives 
- Business Taxation  
- Business Use of the Home   
- Travel Expenses   
- Meals, Entertainment, and Gifts   
- Employee Benefits  
- Employing Family Members  
- Depreciation
- Real Estate Losses  
- Real Estate Income and Deductions   
- Second Homes and Vacation Rentals  
- Medical and Dental Expenses  
- Your Residence   
- Your Children   
- Charitable Contributions
- Education Expenses  
- The Alternative Minimum Tax  
- Penalties and Interest  
- Do It Yourself, or Hire a Professional?   
- Tax Implications of Health Care Reform

Über Autor(innen)

M. Casey Murdock is a professional tax preparer, a financial advisor, and an enrolled agent with the IRS. He has a passion for minimizing taxes. It s the kind of thing you have to see for yourself to really understand. When he s working through your tax situation, he becomes transformed as he dials down into the deepest, darkest depths of the U.S. Tax Code. The only thing Casey enjoys more than reducing taxes is explaining how it is done. In Tax Insight 2013 he masterfully takes the ultra-complexity of the tax code and makes it easy to understand, using stories, examples, and simple explanations that he has developed as he has worked with his own tax clients over the years.