From single filers and heads of households to business owners and self-employed people, tax preparation books can help every tax filer maximize their return. These books will help you take advantage of tax credits, list the various deductions you may qualify for, teach you how to survive an audit, and break down other rules. Here are the best tax preparation books. Although he’s been writing this series for over 30 years, the updated edition of Schnepper’s book covers all of the latest additions to the tax code and includes hundreds of easy tips to save you money. This critical volume has a lot to offer professionals and personal filers alike. Arm yourself with your W-2 filings and any other sources of income before you crack open this book then start saving money at the turn of each page. Newly updated to cover recent changes to the tax law, “1001 Deductions” also features an online supplement that provides up to date information on the newest legal developments in the tax code, covering every possible situation. You’ll also gain a better understanding of which tax forms you’re required to fill out based on your occupation and personal details, as well as laws specific to your state. You’ll be prepared for doing your simple taxes—or for interviewing a potential accountant to make sure you’re getting what you’re paying for. Wrong decisions about what to apply for and when you apply could end up costing you tens of thousands of dollars…every year. Using these stories of those people and lessons gleaned from decades of financial planning will help you navigate the complexities and help you get the highest possible payout. You’ll learn strategies and tips from the pros, written in a style that even those whose minds aren’t as sharp anymore will be able to understand. You can avoid future squabbles between your children or other inheritors with a little proper planning. “Saving the Family Cottage” will teach real estate owners how to create a proper legal mechanism to protect family property for every generation to come while staving off countless headaches to boot. You’ll find information on how to keep possession of your home if creditors or greedy relatives you haven’t heard from in years suddenly think they’re owed a cut. How to transition from one generation’s ownership to another, how to keep one party from selling the home unilaterally and, most importantly, how to maintain calm in the family are all covered. This book also includes helpful information for those who are—or would like to be—renting out their property full or part time. “475 Tax Deductions for Businesses” doesn’t just tell you the deductions you should be taking such as for your website and any lost revenue. It also shows you exactly where to put the information when it’s time to file. There’s also a special section on how to deduct costs associated with working from home. “8 Ways to Avoid Probate” can save you and your family all that hassle by providing useful and easy strategies like naming your payable-on-death beneficiaries for your retirement and savings plans and using a living trust. This edition offers a complete overview of federal and state law no matter where you or your family reside. It’s meticulously researched and provides the most up-to-date and legally sound insider explanation of the U.S. tax code. You’ll find yourself consulting this reference again and again if you’re preparing a complicated filing. Even if you’re a CPA, you’ll be hard-pressed to come up with a question that this book doesn’t answer. This book provides straightforward albeit detailed answers. It’s one you must buy if you want to know the tax code forward and backward.
