Tax Secrets of the Rich That EVERYONE Should Know

Former IRS Attorney reveals how to increase return on real estate by 10% to 15% - even in slumping markets

"Nothing is more lucrative than tax planning," says former IRS attorney and best-selling author Sandy Botkin, CPA, Esq. "If you look at the top 200 richest Americans, many made their fortunes in real estate. They know one of the secrets to getting rich is to pay the minimum tax required by law-and that takes keen knowledge and understanding of the tax code. So it's time to level the playing field and share those secrets."

In his new book, REAL ESTATE TAX SECRETS of the RICH, Botkin reveals how to use your home and investment properties as legal tax shelters. He begins with the basics, explaining why you should own a home instead of renting. "Most Americans don't realize home ownership is the key to building wealth and dramatically cutting taxes," says Botkin. "If you think you can't afford a house, increase withholding and have fewer taxes taken out of your paycheck. The deductions you'll make as a homeowner offset the taxes and you'll have more cash each payday to afford the house payment."

REAL ESTATE TAX SECRETS of the RICH is broken down into short chapters, each dedicated to outlining a tax-reducing strategy. For instance, what's the difference between a home improvement and a home repair; and which one qualifies as a tax deduction? Botkin uses clear cut examples to eliminate confusion. "For a tax deduction on your primary residence, you want to make improvements-not repairs," says Botkin. "An improvement is when you replace or renovate instead of fixing a problem; like installing a new roof instead of just patching the shingles. However, the rules are different for investment property deductions and it pays off in a big way to know them."

The book features easy to understand charts and examples and is formatted so that readers can easily share the information with their accountants. Each tax reduction tip includes the IRS regulations and income tax code to explain why the tip works and how it's 100% legal. "Readers can take this book to their accountant and discuss tips that will work best for them," says Botkin. "During my years at the IRS I realized most people and even many accountants don't know about these strategies. My first book, Lower Your Taxes-BIG TIME! explains how starting a home-based business results in huge tax savings. The huge response to that book showed me that people are thirsty for sound tax reduction strategies. Sharing real estate tax tips of the rich was a natural next step."

REAL ESTATE TAX SECRETS of the RICH can show you:

How to eliminate over two-thirds of all capital gains taxes on your properties

Botkin's extensive experience and knowledge make REAL ESTATE TAX SECRETS of the RICH a true 'home' reference guide for anyone who wants to pocket the money they've earned and slash their tax bill. "Why pay more in taxes than required by law?" asks Botkin. "I can show you how to save enough in deductions to pay for your kids' education or weddings. You earned the money; you should decide how to spend it."

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