How to Pay Zero Taxes, 2005

Make 2005 the year you pay zero taxes! Your income is yours! Keep it with hundreds of tips and techniques that preserve it through exclusions, credits, deductions, shelters, smart investments, and more! Fully updated to include all the latest tax law changes, How to Pay Zero Taxes outlines the easiest, most practical strategies you can use to lower your taxes this year, next year, and beyond. Hundreds of thousands of savvy taxpayers from all walks of life-business owners, professionals, retirees, homeowners, and parents-have relied on this trusted guide to find every legal tax break. Now you, too, can take advantage of all the deductions and exemptions the IRS doesn't publicize-but allows! How to Pay Zero Taxes guides you through the ins and outs of every IRS-sanctioned tax-saving strategy available for preserving income. From converting personal expenses into business expenses to obtaining tax credits for dependent care to setting up tax-slashing trusts to avoiding or surviving an IRS audit, Jeff Schnepper's guide comprehensively covers more deductions than any other tax book, all conveniently organized in six fast-access categories: exclusions, credits, "above-the-line" deductions, "below-the-line" deductions, traditional tax shelters, and super-tax shelters. IN THE 2005 EDITION YOU WILL FIND COVERAGE OF: * The new capital gains and dividends rules * $3,000 deduction for higher education expenses * Increased dependent care and "kiddie" tax credits * Health insurance deductions * Coverdell Education Accounts for elementary and secondary school expenses * Increased IRA and retirement plan limits * New retirement tax credits * Mortgages and points * Job-hunting expenses * New above-the-line deductions for teachers * Home equity loans * Travel and entertainment expenses * Real estate trusts * Theft and casualty losses * Educational and ROTH IRAs * Moving expenses * Business use of your home * Divorce and separation costs * Family partnerships * Tax-free bonds * Gifts and bequests * The elimination of estate tax * And much more!Jeff A. Schnepper is the author of 'How to Pay Zero Taxes, 2005', published 2004 under ISBN 9780071441001 and ISBN 007144100X.