This Executor's Guide provides a comprehensive overview of the responsibilities involved in settling a deceased person's estate or trust. It outlines the initial steps following a death, such as arranging funeral services and securing assets. The book details the process of identifying and managing assets, paying debts and taxes, and distributing property to beneficiaries, whether through probate or trust administration. Furthermore, it addresses specific scenarios like handling life insurance, retirement funds, and the care of minor children. The guide also offers advice on understanding wills and navigating potential legal complexities, aiming to equip executors and trustees with the knowledge to fulfill their duties effectively.

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These excerpts from Principles of Taxation for Business and Investment Planning introduce fundamental tax concepts relevant to business and personal financial decisions. The authors emphasize understanding the tax implications of transactions for effective wealth maximization, downplaying intricate compliance details in favor of broader relevance. The text covers various aspects of taxation, including income tax for individuals and corporations, different tax types and rate structures, and the dynamic nature of tax law. It explores tax planning strategies, the importance of net present value, and legal doctrines used to challenge tax avoidance. Furthermore, the material addresses tax research methodologies and the determination of taxable income from business operations, asset dispositions, and nontaxable exchanges, while also considering different business entity structures and multijurisdictional taxation.

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This comprehensive legal textbook, "International Taxation in a Nutshell," serves as an introductory guide to the intricacies of U.S. international tax law, focusing on its application to cross-border business and investment activities. It systematically examines key areas such as source rules for income, the taxation of foreign taxpayers in the U.S. and U.S. taxpayers abroad, and the crucial role of income tax treaties in modifying domestic law. The text further explores complex topics including the foreign tax credit, transfer pricing methodologies, and anti-avoidance measures like those addressing base erosion and profit shifting (BEPS). Ultimately, it provides a foundational understanding of the legal principles and challenges inherent in the U.S. taxation of international transactions.

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J.K. Lasser's Small Business Taxes 2008 serves as a comprehensive guide for small business owners navigating the complexities of federal income taxes. It clarifies various aspects, including tax assistance resources offered by the SBA and IRS, the impact of deductions and credits on taxable income, and the tax implications of different business structures like sole proprietorships, partnerships, and LLCs. The text details how to report business income and losses, handle expenses such as travel, entertainment, employee compensation, and depreciation, and understand key tax concepts like accounting methods, recordkeeping, and potential audits. Furthermore, it explores retirement plan options, discusses strategies for tax planning, and outlines employer responsibilities for payroll and other taxes, aiming to empower small business owners to manage their tax obligations effectively.

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This source, "The Triumph of Injustice," by Emmanuel Saez and Gabriel Zucman, dissects how the U.S. tax system has shifted from a progressive structure after the New Deal to one resembling a flat tax that is regressive at the very top, benefiting the wealthiest Americans despite their booming incomes. The authors argue this "triumph of injustice" occurred through increased tax avoidance, government inaction, and the slashing of tax rates for the rich under the pretense of global competition. The book explores the historical evolution of American taxation, revealing a past with significantly higher taxes on the wealthy and analyzes the causes and consequences of rising inequality linked to these tax changes. Ultimately, it proposes policy reforms, including wealth and national income taxes, to create a more equitable system and adequately fund public goods.

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This Hoover Institution Press publication by Thomas Sowell critically examines the concept of the "trickle-down theory" and the characterization of "tax cuts for the rich." Sowell argues that the "trickle-down theory" is a caricature created by opponents of tax rate reductions and lacks historical basis in economic thought. He contends that proponents of tax cuts, like Andrew Mellon, John F. Kennedy, and Ronald Reagan, actually focused on how lower rates could stimulate economic activity and increase overall tax revenue by incentivizing investment. Sowell provides historical evidence from the 1920s and later periods, suggesting that reducing high tax rates led to increased output, employment, and even higher tax revenues from the wealthy, directly contradicting the "trickle-down" narrative. The author concludes that debates over tax policy have often involved misrepresentations of the arguments for tax rate cuts and a failure to acknowledge the actual economic outcomes.

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"The Childfree Guide to Life and Money" offers financial advice specifically tailored for individuals and couples without children, challenging conventional financial planning assumptions centered on raising families. This guide encourages readers to define their own life goals before financial ones, promoting concepts like Financial Independence, Live Early (FILE) over traditional retirement planning. It addresses topics relevant to the childfree lifestyle, such as setting boundaries in caregiving for elderly parents, estate planning without descendants, and navigating a financial landscape often biased towards parenthood. The book emphasizes creating a personalized financial plan free from societal expectations, allowing childfree individuals to prioritize their passions and unique circumstances. It covers essential financial areas like budgeting, debt management, investing, insurance, and tax planning, all through the lens of a childfree perspective. Ultimately, the book empowers those without children to build a fulfilling life and manage their finances in a way that aligns with their chosen path.

This guide, Tax Savvy for Small Business, aims to provide a comprehensive understanding of tax strategies for small business owners, covering topics from basic deductions and record-keeping to more complex issues like business structures, fringe benefits, retirement plans, and handling IRS audits. Authored by tax attorneys, the book explains federal tax laws and offers guidance on navigating various aspects of small business taxation, including different business entities like sole proprietorships, partnerships, LLCs, and corporations. It emphasizes the importance of accurate record-keeping and understanding deductible expenses while also addressing potential pitfalls such as IRS audits and common tax errors. Furthermore, the resource touches upon state and local taxes, and provides information on selling or closing a business, and dealing with situations where taxes cannot be paid.

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Stephen Fishman's "Every Landlord’s Tax Deduction Guide" offers comprehensive guidance for residential rental property owners on navigating federal income tax laws. The book focuses on maximizing tax deductions, covering topics such as rental income, operating expenses, depreciation, and potential losses. It explains various IRS rules and regulations, including those related to repairs versus improvements, home office deductions, and passive loss limitations. Furthermore, the guide addresses different aspects of rental property ownership that affect taxation, such as business versus investor status and the implications of hiring workers. The text aims to equip landlords with the knowledge to understand their tax obligations and legally reduce their tax liability.

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This 2008 NOLO guide offers professionals comprehensive information on tax deductions and business entity choices. It explains various deductible business expenses, including travel, home office, and vehicle costs, while also covering long-term asset depreciation and amortization. The book further details different business structures like sole proprietorships, partnerships, LLCs, and corporations, along with their respective tax treatments and liability implications. Additionally, it addresses employment tax rules when hiring staff or family, and provides guidance on retirement plans, health insurance options, and record-keeping practices to navigate tax obligations effectively.

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Sandy Botkin's "Lower Your Taxes - BIG TIME!" offers extensive guidance for small business owners and the self-employed to legally minimize their tax obligations. Drawing on the author's experience as a former IRS insider, the book reveals numerous strategies for maximizing deductions related to home-based businesses, meals, travel, vehicles, and home offices, while also providing advice on navigating IRS audits and understanding different business entity structures. The text underscores the significant tax advantages available to those with their own businesses compared to traditional employees. It further explores various wealth-building tax secrets, including fringe benefits, income-shifting techniques, and planning for investments and retirement. The book also addresses common tax myths, potential scams, and highlights from the 2017 Tax Cuts and Jobs Act, aiming to empower readers to take control of their tax planning. Ultimately, it serves as a practical manual for reducing tax liabilities and enhancing financial well-being through informed and proactive tax strategies.

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This book, written by the experienced "TaxMama®," serves as a guide to understanding and navigating the complexities of US tax laws to maximize savings through deductions, credits, and other legal means. It aims to provide practical tips often overlooked in standard tax advice, encouraging readers to research and understand their own tax situations rather than blindly trusting advice. The text covers a wide array of topics, including education tax benefits, record-keeping requirements for income and expenses, home-related deductions, medical expense deductions, charitable contributions, retirement tax issues, and common tax pitfalls to avoid. Furthermore, it offers insights into choosing tax professionals and understanding the difference between adjustments and itemized deductions, all while emphasizing the importance of staying informed about the ever-changing tax code.

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This source, "TAX-FREE Millionaire: How TRIPLE ZERO™ Plans Can Transform Your Future Retirement," by Mark J. Orr, introduces a retirement income strategy centered around specially designed, maximum-funded Indexed Universal Life (IUL) insurance policies, referred to as TRIPLE ZERO™ plans. These plans aim to provide tax-free retirement income, avoid stock market risk with a 0% floor and potential market-linked gains, and offer flexibility with no IRS contribution or income limits. The book explains how these policies work, contrasting them with traditional retirement accounts like Roth IRAs and 401(k)s, and presents client examples and strategies like "Catapult" premium financing and the "Private Reserve" for leveraging policy loans for additional investments, all while highlighting the tax advantages and potential for tax-free access to cash value.

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"J.K. Lasser's 1001 Deductions and Tax Breaks 2016" serves as a comprehensive guide for taxpayers seeking to minimize their tax obligations. Authored by Barbara Weltman and published by Wiley, this book provides detailed explanations of numerous deductions and tax breaks available for the 2016 tax year. It covers a wide array of topics, including deductions related to personal and family expenses, homeownership, education costs, retirement savings, charitable giving, and business operations. The guide offers practical advice, examples, and references to relevant IRS forms and publications to assist taxpayers in understanding and claiming these benefits. The text emphasizes the importance of proper record-keeping and understanding the specific conditions required for each deduction or credit. Ultimately, the book aims to empower individuals to legally reduce their tax burden by taking advantage of applicable tax laws and regulations.

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David McKnight's book, "Tax-Free Income for Life," champions a retirement planning strategy focused on mitigating both rising tax rates and longevity risk to ensure a secure financial future. It critiques traditional approaches and introduces a comprehensive method involving the strategic use of Roth conversions, fixed indexed annuities, and life insurance retirement plans (LIRPs). The book emphasizes proactive planning, including time-segmented investing, to achieve tax-free income streams and protect against unexpected long-term care expenses. Ultimately, it advocates for a holistic approach to retirement that harmonizes tax planning with income guarantees to provide lasting financial peace of mind.

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This For Dummies guide, specifically Small Business Taxes For Dummies, aims to simplify the often complex world of small business taxation for entrepreneurs. It covers essential topics such as tax planning, understanding different business structures and their tax implications, navigating deductions and credits, and managing employment taxes. The book also addresses crucial aspects of running a small business that intersect with taxes, including retirement planning, real estate decisions, and dealing with potential IRS audits and notices. Furthermore, it offers advice on record-keeping, utilizing tax preparation software and advisors, and identifying often overlooked tax reduction opportunities to help small business owners effectively manage their tax responsibilities and improve their financial outcomes.

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Tom Wheelwright's "Tax-Free Wealth" aims to educate readers on leveraging the tax code to build substantial wealth by legally and permanently reducing their tax obligations. The book asserts that understanding and utilizing intended tax benefits for entrepreneurs and investors is not only permissible but encouraged by governments to stimulate economic activity. Wheelwright, Robert Kiyosaki's tax advisor, explains various strategies, emphasizing the advantages for business owners and real estate investors, including deductions, depreciation, and utilizing different business entities. He contrasts the tax burdens of employees with those who actively invest and operate businesses, advocating for a shift in income-earning activities to take advantage of available tax incentives. The guide also covers topics like tax credits, managing payroll taxes, and strategies for minimizing property, sales, and estate taxes, all while stressing the importance of proper planning and selecting knowledgeable tax advisors. Ultimately, "Tax-Free Wealth" presents a proactive approach to tax management, viewing it as a fundamental component of wealth creation rather than an unavoidable expense.

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Andrew Henderson's "Nomad Capitalist" advocates for maximizing personal freedom and financial prosperity by strategically living, banking, and investing internationally. The book encourages readers to "go where you're treated best" by exploring opportunities beyond their home country's borders. It covers topics such as establishing location-independent businesses, obtaining second citizenships, and engaging in offshore banking and global investments to reduce taxes and enhance personal sovereignty. Henderson shares personal anecdotes and actionable advice on adopting a "Nomad Capitalist" mindset, overcoming limiting beliefs, and taking concrete steps towards a geographically diversified lifestyle. The text also addresses the complexities of renouncing US citizenship and building international relationships.

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Mark J. Kohler's "The Tax and Legal Playbook" aims to equip small-business owners with crucial strategies for legally minimizing taxes, protecting assets, and navigating business structures. The book explores various entity types like LLCs, S-corps, and C-corps, highlighting their tax implications and liability protections. Kohler provides actionable advice on tax deductions, including travel, home office, and healthcare, while cautioning against aggressive tactics that could trigger audits. He also addresses building corporate credit, maintaining the corporate veil, and implementing basic to advanced asset protection strategies, including trusts and insurance. Furthermore, the guide covers the proper handling of partnerships and investors, as well as retirement planning and estate planning. Ultimately, the playbook encourages entrepreneurs to proactively develop "game plans" for their businesses' financial and legal well-being.

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This Executor's Guide provides a comprehensive overview of the responsibilities involved in settling a deceased person's estate or trust. It outlines the initial steps following a death, such as arranging funeral services and securing assets. The book details the process of identifying and managing assets, paying debts and taxes, and distributing property to beneficiaries, whether through probate or trust administration. Furthermore, it addresses specific scenarios like handling life insurance, retirement funds, and the care of minor children. The guide also offers advice on understanding wills and navigating potential legal complexities, aiming to equip executors and trustees with the knowledge to fulfill their duties effectively.

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