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Did you know that the right tax strategy will save you thousands of dollars every year?! Take control of your bookkeeping practices now—and take the sting out of tax season-—with the ultimate strategy guide for real estate investors.
In this book, investor-friendly CPAs Amanda Han and Matthew MacFarland bring a combined four decades of experience to help you hold onto your hard-earned dollars with powerful tax strategies designed specifically for investors like you. With more than 100,000 copies sold, this refreshing, approachable guide has helped thousands of investors take the stress out of tax season with smart, proactive techniques.
Inside, you'll learn how to:
- Maximize your tax deductions with creative methods—and write off vacations, home office, and travel expenses
- Spot the pros and cons of an LLC and learn when—or if—you need to start one
- Spend less time bookkeeping and more time doing what you love
- Fund investments with your retirement accounts
- Painlessly protect yourself from an IRS audit
Message from the Authors
Introduction
Chapter 1 | Deductions
What Can You Really Deduct?
A Clever Way to Write Off Your Kids
Maximizing Your Write-offs of Travel Expenses
Squeezing the Most Benefit from Your Home Office
Chapter 2 | Entities
Your Legal Entities the Right Way
One Size Does Not Fit All
How to Wake Up from Your Bookkeeping Nightmare
Chapter 3 | Retirement Planning
Taking Control of Your Retirement Money
Using Retirement Accounts to Fund Your Investments
One Big and Costly Mistake
Chapter 4 | IRS Pitfalls
Depreciation: A Powerful Tax Tool for Real Estate Investors
How to Gift Properties to Your Family and Not the IRS
Getting the IRS to Help Cover Your Real Estate Losses
Explosive Landmine for Fix-and-Flippers
Chapter 5 | Conclusion
Putting it All Together