IRS insider Sandy Botkin reveals the tax strategies you can use to increase your ROIs by as much as 20 percent-whether you're a home owner or a real estate investor. This accessible guide demystifies real estate taxes and shows how to achieve maximum benefit when buying, owning, selling, managing, repairing, and investing in properties.
Features numerous forms, charts, sample documents, and other valuable tax-saving tools
Gives you the basics on real estate taxes and shows how to take full advantage of tax loopholes
When it comes to building wealth through real estate, the rich have one important secret:
SLASH YOUR TAXES
It's simple: Less tax means more money in your pocket, and more return on your investments. Real Estate Tax Secrets of the Rich, written by a longtime tax expert and IRS consultant, shows you how to use your home and investment properties as money-saving and income-generating tax shelters.
Organized in easy to understand, bite size chapters that clearly explain the strategies, this book also includes includes charts and flow charts for ease of understanding. Each tip in this book includes a notation from the IRS tax code, showing exactly why it works - and how it's totally, 100 percent legal.
Pocket thousands of extra dollars when buying and selling your primary home or investment property
Use new mortgage and tax rules to your advantage
Make targeted repairs and improvements on your home designed to boost tax deductions
Protect and reduce your home's “tax basis” to maximize profit
Make yourself bullet proof from any IRS audit
Sandy Botkin attorney and certified public accountant, is CEO and Principal Lecturer of the Tax Reduction Institute in Washington, D.C. Along with his many years of financial experience, Botkin was also a legal specialist in the Office of Chief Counsel for the Internal Revenue Service.