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Truth About Paying Fewer Taxes, The

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Truth About Paying Fewer Taxes, The


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Brief, easy to understand insights and realistic solutions for saving money on taxes at every stage of your life.

  • Key tax laws, tax breaks and tax planning strategies for life's major events and stages - single, married, having children, paying for college, etc.
  • Everything that matters, from itemized deductions and the AMT to self-employment and estate taxes - even audits and tax scams!
  • Covers what you need to know about taxes so you can easily make it a part of your overall financial planning.
  • Description

    • Copyright 2009
    • Edition: 1st
    • Book
    • ISBN-10: 0-13-715386-4
    • ISBN-13: 978-0-13-715386-2

    All you need to know about cutting your taxes...this year and every year!

    • The truth about maximizing all your legal deductions and credits
    • The truth about smart tax planning for today and for the long term
    • The truth about avoiding IRS audits and costly tax penalties

    Simply the best thinking


    This book reveals 52 PROVEN bite-size, easy tax savings techniques that work.

    “Kay Bell’s blog aims to provide tax and personal-finance tips and advice that will put more money in your bank account, not the government treasury.”

    The Wall Street Journal

    Sample Content

    Online Sample Chapters

    The Truth About Paying Fewer Taxes: Figuring Out Your Filing Status

    The Truth About Paying Fewer Taxes: Filling out the Right Form

    The Truth About Paying Fewer Taxes: Meeting Filing Deadlines

    The Truth About Paying Fewer Taxes: Not Everyone Has to File

    The Truth About Paying Fewer Taxes: Truth #35 – How Bad Investments Can Pay Off

    The Truth About Paying Fewer Taxes: Truth #9 – Why Credits Are Better

    Sample Pages

    Download the sample pages (includes Part 1)

    Table of Contents

    Introduction     vii

    Part I: The Truth About Filing Requirements

    Truth 1: Not everyone has to file     1

    Truth 2: Figuring out your filing status     5

    Truth 3: Filling out the right form     9

    Truth 4: Meeting filing deadlines     13

    Part II: The Truth About Taxable Income

    Truth 5: Determining what's taxable     17

    Truth 6: Earned versus unearned income     21

    Truth 7: The alternative minimum tax     25

    Truth 8: Our progressive tax system     29

    Part III: The Truth About Credits and Deductions

    Truth 9: Why credits are better     33

    Truth 10: Standard versus itemized deductions     39

    Truth 11: Dealing with deduction limitations     43

    Truth 12: Maximizing charitable deductions     47

    Truth 13: Deducting without itemizing     51

    Part IV: The Truth About Taxes and Your Family

    Truth 14: Marriage and taxes     55

    Truth 15: Innocent and injured spouse issues     59

    Truth 16: Tax implications of divorce     63

    Truth 17: Claiming exemptions and dependents     67

    Truth 18: Adoption assistance     71

    Truth 19: Child and additional child tax credits     75

    Truth 20: Tax help in caring for your kids (and others)      79

    Truth 21: Tax-favored college savings options     83

    Truth 22: When a child has to file     87

    Truth 23: Taking tax-smart care of a parent     91

    Part V: The Truth About Taxes and Your Employment

    Truth 24: Getting your withholding right     95

    Truth 25: Tax-favored employer-provided benefits     99

    Truth 26: Recouping employee business expenses     103

    Truth 27: Writing off job-hunting costs     107

    Truth 28: Tax help in paying work-related moving costs     111

    Truth 29: Self-employment tax considerations     115

    Part VI: The Truth About Taxes and Your Home

    Truth 30: Mortgage interest deduction     119

    Truth 31: Writing off your property taxes     123

    Truth 32: Increasing your home's tax basis     127

    Truth 33: Home-sale tax exclusion     131

    Part VII: The Truth About Investment Taxes

    Truth 34: Capital gains rules and rates     135

    Truth 35: How bad investments can pay off     139

    Truth 36: Reporting investment income     143

    Truth 37: Wash sale rules     147

    Truth 38: Accounting for the kiddie tax     151

    Part VIII: The Truth About Retirement Taxes

    Truth 39: Individual retirement accounts     155

    Truth 40: Company retirement plans     159

    Truth 41: Retirement saver's credit     163

    Truth 42: Retirement plan rollovers     167

    Truth 43: Taxable Social Security benefits     171

    Truth 44: Required minimum distributions     175

    Truth 45: Estate taxes, or leaving it to your heirs, not the IRS     179

    Part IX: The Truth About Tax Compliance

    Truth 46: The trouble with tax protests     183

    Truth 47: Payment options     187

    Truth 48: Tax penalties     191

    Part X: The Truth About Audits

    Truth 49: Minimizing audit risks     195

    Truth 50: Preparing for an audit     199

    Part XI: The Truth About Special Tax Situations

    Truth 51: Taxpayers abroad and military filers     203

    Truth 52: Tax help in disastrous times     207

    Epilogue     211

    About the Author     212


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