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The Book on Tax Strategies for the Savvy Real Estate Investor: Powerful Techniques Anyone Can Use to Deduct More, Invest Smarter, and Pay Far Less to the Irs!

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Powerful techniques anyone can use to deduct more, invest smarter, and pay far less to the IRS! Are you dreading tax season? Not sure how to maximize deductions for your real estate business? CPAs Amanda Han and Matthew MacFarland share the practical information you need to not only do your taxes this year, but to also prepare an ongoing strategy that will make your ne Powerful techniques anyone can use to deduct more, invest smarter, and pay far less to the IRS! Are you dreading tax season? Not sure how to maximize deductions for your real estate business? CPAs Amanda Han and Matthew MacFarland share the practical information you need to not only do your taxes this year, but to also prepare an ongoing strategy that will make your next tax season that much easier. It’s time to take control of the bookkeeping practices for your real estate business. Start saving thousands with a great tax strategy! In this book, you’ll learn: - Creative methods to maximize your tax deductions - Clever ways to write off your kids - Strategies to write off every penny on your travel - Easy tips and tricks to cut down on bookkeeping time - Simple procedures that will protect you from an IRS audit - And much more!


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Powerful techniques anyone can use to deduct more, invest smarter, and pay far less to the IRS! Are you dreading tax season? Not sure how to maximize deductions for your real estate business? CPAs Amanda Han and Matthew MacFarland share the practical information you need to not only do your taxes this year, but to also prepare an ongoing strategy that will make your ne Powerful techniques anyone can use to deduct more, invest smarter, and pay far less to the IRS! Are you dreading tax season? Not sure how to maximize deductions for your real estate business? CPAs Amanda Han and Matthew MacFarland share the practical information you need to not only do your taxes this year, but to also prepare an ongoing strategy that will make your next tax season that much easier. It’s time to take control of the bookkeeping practices for your real estate business. Start saving thousands with a great tax strategy! In this book, you’ll learn: - Creative methods to maximize your tax deductions - Clever ways to write off your kids - Strategies to write off every penny on your travel - Easy tips and tricks to cut down on bookkeeping time - Simple procedures that will protect you from an IRS audit - And much more!

30 review for The Book on Tax Strategies for the Savvy Real Estate Investor: Powerful Techniques Anyone Can Use to Deduct More, Invest Smarter, and Pay Far Less to the Irs!

  1. 5 out of 5

    Jay Pruitt

    Fairly basic. Not a lot here that wouldn't already be known by someone who's had exposure to real estate. Fairly basic. Not a lot here that wouldn't already be known by someone who's had exposure to real estate.

  2. 4 out of 5

    Derek

    Good not great. It is hard for me to give a strong recommendation for this book because there is just not enough meat in the pages. The stories are so long and the lessons are so over explained that it takes a few hundred pages to drill home a small collection of tax saving strategies. In general, these are worthwhile strategies to pursue or at least be aware of and at least one of the ideas presented in this book was new to me. If you are looking for an exhaustive book to explain in both breadth an Good not great. It is hard for me to give a strong recommendation for this book because there is just not enough meat in the pages. The stories are so long and the lessons are so over explained that it takes a few hundred pages to drill home a small collection of tax saving strategies. In general, these are worthwhile strategies to pursue or at least be aware of and at least one of the ideas presented in this book was new to me. If you are looking for an exhaustive book to explain in both breadth and depth about taxes for landlords, this book probably isn't for you. If that sounds boring and you would much rather pick up a few useful ideas while reading some stories about people's experiences, then you may enjoy this book.

  3. 5 out of 5

    Rob Turner

    Great book for anyone in real estate of planning to go into it. Easy to understand and has some really valid, legal and mostly (to me anyway) unknown ways to save on future taxes and also to plan for the future. Fantastic!

  4. 5 out of 5

    Ramya

    Nerdy good read on how to keep your hard earned money and not be ripped off by Uncle Sam who is not really any relative of yours that you owe much too! Americans lose up to 1/3 to 1/2 of their earnings yearly to taxes! - “Ask what you get in return from your government!”

  5. 5 out of 5

    Brendan

    Plenty of good information I did not know!

  6. 4 out of 5

    Ed Barton

    I've been a CPA for 20 years, and also invest in real estate. I picked up this book as much out of curiosity as anything else. It is perhaps one of the best written books for the non-practitioner out there. If you are new to real estate investing, this is a MUST read. While you likely can't prepare a Schedule E off the book, you will get good advice on what to discuss with your tax preparer and how best to document and look for deductions. The book is written in normal English, using stories ins I've been a CPA for 20 years, and also invest in real estate. I picked up this book as much out of curiosity as anything else. It is perhaps one of the best written books for the non-practitioner out there. If you are new to real estate investing, this is a MUST read. While you likely can't prepare a Schedule E off the book, you will get good advice on what to discuss with your tax preparer and how best to document and look for deductions. The book is written in normal English, using stories instead of code sections. There's not a ton of numbers, but there are a ton of useful tips and principles that anyone can follow...especially if you hate taxes. Even the experienced investor or practitioner may pick up a few tips along the way. I did. A great addition to the library.

  7. 4 out of 5

    Frank

    This book is ok. It took me 30 minutes to read the whole thing, most of it is fluff. It sells hype and provides half-truths. The book is full of fussy feel-good stories. People like that. This is done by salesmen effectively. Tax liability - They know no one pays the federal tax bracket, the effective tax rate is not the same than you tax bracket. This is misleading information. Come on, that's a cheap trick for gullible people. People do not work until april to pay taxes. That's a ridiculous and This book is ok. It took me 30 minutes to read the whole thing, most of it is fluff. It sells hype and provides half-truths. The book is full of fussy feel-good stories. People like that. This is done by salesmen effectively. Tax liability - They know no one pays the federal tax bracket, the effective tax rate is not the same than you tax bracket. This is misleading information. Come on, that's a cheap trick for gullible people. People do not work until april to pay taxes. That's a ridiculous and a misrepresentation of the truth. Shame on you. Short sale example. A bank made a mistake on a short sale and bill the whole amount? Another half cooked truth to feed hype. Vacation example. You would be better off placing a call rather than sandwiching your vacation. Woman saving 3.9K by hiring their kids. Come on, see cheap trick above regarding misleading information. It's true, many people do not know what their actual effective tax rate may be. The only thing to rescue in the book is the comment about the LLCs. use it or it's worthless, it won't even protect your assets. If you want to learn about taxes, get the NOLO book on real estate. This is a waste of your time if you want to learn something useful.

  8. 5 out of 5

    Ben Lobaugh

    Fun and easy to read book on a very unfun and difficult topic! The authors used great real life examples that helped me clearly understand the issue and possible solution. Must read for all real estate investors.

  9. 4 out of 5

    cath

    This book helps real estate investors to understand what options they have. Only when one understands the options, he/she can decide what to do. The book shows that with a rental income property, one can choose to form a legal entity to limit the liability. However, you can deduct most of the expense when not have a legal entity and do not need to pay fees associated with the entity. You will also have options to deduct your vacation, your real estate related educations and networkings, your kids This book helps real estate investors to understand what options they have. Only when one understands the options, he/she can decide what to do. The book shows that with a rental income property, one can choose to form a legal entity to limit the liability. However, you can deduct most of the expense when not have a legal entity and do not need to pay fees associated with the entity. You will also have options to deduct your vacation, your real estate related educations and networkings, your kids/relatives and your home office, principle, interest, property tax, and insurance. However, you need to set up proper receipt management system to protect yourself from the tax audit. You also have options to invest in real estate using your retirement funds. The option is called self-direct retirement account. All of your rental income will be tax deferred but you need to wait till 65 to enjoy the gain. Planning ahead before selling a home can help you to save tax by 1031 exchange(trade up). Die with the real estate instead of gift it can save lots of estate tax. When real estate investment does not go well, you have options to ask Uncle Sam to share the loss. A subtle but astonishing difference here: the gain on real estate could be a capital gain(lower tax) and a loss on real estate is ordinary loss and therefore offset your ordinary income(higher tax). You need to learn how to choose a good CPA. Choose one specialized in real estate. Ask the right question starting with "how to" instead of "Can I". I like the way the author translate tax code into stories. The author covers a good range of topics with very logical structure.

  10. 4 out of 5

    Jeremy

    If you haven't read about tax strategies for real estate investing before, this is a good introduction to it. As someone who has already studied the tax and financial aspects, this provided a lot of repeat information but still laid out in a way that is easy to read and understand. My only disappointment is that it didn't cover a lot of things I haven't already studied, but I still got a few new insights into those areas. The book does have a lot of short 'real life stories' from clients, most o If you haven't read about tax strategies for real estate investing before, this is a good introduction to it. As someone who has already studied the tax and financial aspects, this provided a lot of repeat information but still laid out in a way that is easy to read and understand. My only disappointment is that it didn't cover a lot of things I haven't already studied, but I still got a few new insights into those areas. The book does have a lot of short 'real life stories' from clients, most of which end well but not all, and personally found them too long and could have just focused on the key details in a paragraph. Its pretty minor though, just skip them and they summarize the details in the analysis of the story. Unfortunately, at the end of the day being your own DIY tax adviser is not a good strategy due to potential tax filing failures. You also can't expect any CPA to be up to speed on real estate, so this book should give you a good foundation by which you can quiz a potential CPA for their ability to handle real estate.

  11. 5 out of 5

    Murtatha Ali

    The title is pretty self explanatory. As a person that does not understand taxes too well, especially as they apply to real estate, I learned A LOT about what things qualify as tax deductions and how you can structure spending to reduce the amount of taxes you have to pay. Definitely a book I intend to refer back to selectively based on my future plans. I did learn that is important to get an accountant/CPA/tax advisor. However, if you do not have a sizable asset portfolio it may be better to wa The title is pretty self explanatory. As a person that does not understand taxes too well, especially as they apply to real estate, I learned A LOT about what things qualify as tax deductions and how you can structure spending to reduce the amount of taxes you have to pay. Definitely a book I intend to refer back to selectively based on my future plans. I did learn that is important to get an accountant/CPA/tax advisor. However, if you do not have a sizable asset portfolio it may be better to wait until your financial situation gets a little more complicated before you apply the principles laid out in this book and seek out a tax advisor.

  12. 4 out of 5

    Ken Weiner

    Too many stories This book frequently adds stories about people and their situations to teach a basic concept. I feel that this lengthens the book without adding much value. This book cleared up a few things for me about what is tax deductible when traveling for real estate purposes. I also learned that it is better to inherit property rather than be gifted property because the former steps up the cost basis to the current market value.

  13. 4 out of 5

    Yang Zheng

    Although there are a couple gems in this book, this is a far cry from the typical Bigger Pockets, no-nonsense, cover-to-cover practical guide book. This book hardly covers any comprehensive tax strategies and wastes valuable pages with anecdotes that are tedious to get through to find the couple senses of advice. Besides a couple good pointers, this book can be simplified into, “find a good tax advisor”. Definitely NOT for the savvy real estate investor.

  14. 4 out of 5

    Mandy Wultsch

    Just like the title says, this book has tax strategies for the US based real estate investor. There are real life anecdotes to make the (in other books) possibly dry information interesting reading. Recommended for those getting started in real estate investing, or those in real estate investing who want to make sure they are not overpaying on their taxes by taking every tax deduction they possibly (legally) can.

  15. 4 out of 5

    Lam T Dinh

    Great tips for real estate tax benefits This book is a great intro to tax strategies specifically for real estate investors. It is a must read for all real estate investors experienced and new.

  16. 5 out of 5

    J Chad

    Excellent look at some approaches to managing taxes specifically for real estate investors. I’ve no doubt that very experienced investors will know all the tips in this book, but beginners will definitely learn things.

  17. 4 out of 5

    Natalie

    A wise investment in your financial future I loved this book with many stories of different investors and where they went right or wrong in their tax journey. This book has lots of actionable advice that can help you start saving money today.

  18. 5 out of 5

    Mark Blane

    I really enjoyed this "tax" book, and I am not crazy about taxes, or reading a book about taxes per se - it was well written, not boring, and super specific: it focused on tax advantages for rental properties. It is a must read for any real estate investor. I really enjoyed this "tax" book, and I am not crazy about taxes, or reading a book about taxes per se - it was well written, not boring, and super specific: it focused on tax advantages for rental properties. It is a must read for any real estate investor.

  19. 4 out of 5

    April

    Very easy to read and understand for newbie real estate investor like me. I liked the examples given to help me understand the concepts. I will definitely be applying the knowledge I’ve learned. However, for more advanced folks, prolly reach for another tax strategy book that is more detailed.

  20. 5 out of 5

    Mark Bunch

    An excellent starter book on real estate tax issues. This is a great place to start your journey to reducing your tax bill. The focus is on Federal Income Tax but gets the creative and organizational juices flowing.

  21. 5 out of 5

    Nilofer Rajpurkar

    Good intro to some best practices and strategies to think about when investing in real estate. As a new investor, I learned about multiple strategies I didn't know about. Reading this book has sparked some questions, and I feel better equipped to talk tactics with my CPA. Good intro to some best practices and strategies to think about when investing in real estate. As a new investor, I learned about multiple strategies I didn't know about. Reading this book has sparked some questions, and I feel better equipped to talk tactics with my CPA.

  22. 4 out of 5

    Mary Anne

    A lot of good advise!! Amanda and Matt were able to make this boring topic very interesting with real life examples. The book is very easy to read and not boring at all !! Love it! Looking forward to reading more books written by them!

  23. 5 out of 5

    David Simmeth

    Practical examples presented in an understandable way.

  24. 4 out of 5

    Jeremy

    Fantastic! What a book. In a category filed with recycled fluff,this book stand out by providing understandable,usable practical advice. Lots of it. What a great value.

  25. 5 out of 5

    Luke

    Best nugget - Convert personal trips into business trips by adding one real estate related activity to 50% of your travel days Also good stuff on self directed 401K's and home expenses Best nugget - Convert personal trips into business trips by adding one real estate related activity to 50% of your travel days Also good stuff on self directed 401K's and home expenses

  26. 4 out of 5

    Rachel Meyers

    pretty repetitive but some useful tips

  27. 4 out of 5

    Tina Sui

    Easy to read, understand and put to use.

  28. 4 out of 5

    Lingyuxiu Zhong

    does reading this make one a republican??

  29. 5 out of 5

    Josh Shelton

    Good overall!

  30. 5 out of 5

    Johann Lilly

    Useful compilation of strategies for all aspects of real estate of which your accountant or tax advisor may be unaware.

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