"If there's a tax break allowed out there, it's in here." --New York Daily News Unlike most other tax guides, How to Pay Zero Taxes focuses on tax saving, not tax preparation. Jeff Schnepper stands apart from the crowd of tax-book authors by creating an easy-to-read, easy-to-apply guide that explains what people really care about--paying less to the IRS! This updated edition covers more deductions than any other such book, including those related to child care and elder care, job hunting expenses, mortgages and points, investment expenses, and 401(k)s.

Table of Contents

1: Is it Legal? 2: How Our Tax System Works 3: Exclusions--Tax-Free Money 4: Credits--Dollar-for-Dollar Tax Reductions 5: "Above the Line" Deductions 6: "Below the Line" Deductions 7: Traditional Tax Shelters 8: Super Tax Shelters 9: Investment Planning to Save Taxes 10: Last Minute Tax Planning 11: The Attorneys' and Accountants' Relief Act of 1993 12: Stealth Tax Reform 13: Tax reform--Again! 14: The Internal Revenue Service Restructuring and Reform Act of 1998 15: The Economic Growth and Tax Relief Reconciliation Act of 2001 16. The Job Creation and Worker Assistance Act of 2002 17: The Tax Relief Reconciliation Act of 2003 18. Hurricane Tax Breaks 19: 2006 Tax Reform 20: Tax Reform Since 2006 21: How to Avoid/Survive an IRS Audit Appendix A Cost Recovery/Depreciation Appendix B Law Prior to the Tax Reform Act of 1986 Appendix C Law After March 14, 1984 (Real Estate) Appendix D Business Use of "Listed Property" Appendix E Auto Leases

About the Author

Jeff A. Schnepper is the author of all 26 previous editions of How to Pay Zero Taxes and runs his own accounting and legal practice.