View source 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

{{Infobox Book | 
| name          = 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
| image         = [[Image:Tax Strategies.jpg|180px|cover]]
| image_caption = Unknown
| author        = [[Amanda Han]], [[Matthew MacFarland]] (co-author)
| cover_artist  = Unknown
| country       = [[Denver, CO]]
| language      = [[English language|English]]
| genre         = [[Real Estate]]
| publisher     = [[BiggerPockets Publishing]]
| release_date  = 2016
| pages         = 210
| isbn          = 9780990711766
}}

==Back Cover Text==

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! by [[Amanda Han]], [[Matthew MacFarland]]
Dreading doing your taxes? Unsure of how to maximize deductions for your real estate business? The Book on Tax Strategies for the Savvy Real Estate Investor will give you practical information you can use to not just do your taxes, but also prepare a strategy to use throughout the year and make tax season that much easier.

In this book, you'll learn: 
• Creative ways to maximize your tax deductions 
• Clever ways to write off your kids Strategies to write off every penny of your travel 
• Easy tips and tricks to cut down bookkeeping time 
• Simple ways to protect yourself from an IRS audit

If you are ready to take control of your bookkeeping practices and tax strategies for your real estate business, this book is for you!

== Editorial Review ==

Had I read this book earlier in my real estate investing career, I easily would have saved myself thousands in taxes and my net worth would be significantly higher!”

—[[Brandon Turner]], Author of [[The Book on Rental Property Investing]]

From the Publisher
2017-02-15
A debut guide offers tips for those actively investing in [[real estate]] or considering the move to boost income and build wealth. In this book, Han and MacFarland detail tax-saving strategies, stressing the need for proactive tax planning before any real estate investments are made and explaining why full and accurate record-keeping and documentation remain vital to business success. The manual covers how related expenses, such as traveling to view potential properties and catering at open house events, can be broadly defined but still legally deducted as long as they are an ordinary and necessary part of doing business. The correct way to establish and use legal entities such as [[Limited Liability Corporations]] and [[S Corporations]] to protect assets is also discussed. Furthermore, the authors address how investors can avoid the dreaded [[IRS]] audit and demonstrate why striving to become as audit-proof as possible is so important: "Unlike the U.S. criminal court system, which deems a person innocent until proven guilty, the IRS has a completely different viewpoint: the taxpayer is guilty until proven innocent." Another section identifies the ways in which flipped properties are taxed differently than other real estate investments and what effect that has on individuals. The authors write in a friendly, engaging style, explaining complicated real estate tax and legal matters clearly and without condescension. Although some of the tax strategies outlined may sound familiar to investors, other information may be new. For example, the authors explain how an individual's retirement account can be designated as self-directed rather than based on the stock market and then leveraged to finance property purchases. Their main points are underscored and enlivened by case studies describing the experiences of their clients who've made good and bad decisions in their real estate investments and the consequences that resulted. It's not necessary to be a tax expert to follow the arguments in this guide, and the appended glossary of terms provides additional help. Well-written, comprehensive advice and strategies detailing the whys, the hows, and the potential pitfalls of real estate investing.

Kirkus Reviews

== About the Author ==

[[Amanda Han]] and [[Matthew MacFarland]] are the husband and wife CPA team behind [[Keystone CPA]], a certified public accountant practice that specializes in helping real estate investors create plans that keep more of their cash and give less to the IRS. In addition to advising real estate investors every day, Matt and Amanda are also real estate investors who understand the power that tax savings can have on the growth of an investment.

== Table of Contents ==

* Introduction 3

* Deductions 13

* What Can You Really Deduct? 15

* Dare to Deduct That? 21

* A Clever Way to Write Off Your Kids 29

* Writing Off Every Penny Of Your Vacation 35

* Maximizing Your Write Offs of Travel Expenses 43

* Squeezing the Most Benefit from Your Home Office 49

* Entities 57

* Your Legal Entities the Right Way 59

* Legal Entity Lies Exposed 65

* One Size Does Not Fit All 77

* How to Wake Up from Your Bookkeeping Nightmare 79

* Retirement Planning 91

* Taking Control of Your Retirement Money 93

* Using Retirement Accounts to Fund Your Investments 101

* One Big and Costly Mistake 109

* IRS Pitfalls 117

* Depreciation: A Powerful Tax Tool for Real Estate Investors 119

* How to Gift Properties to Your Family and Not the IRS 129

* Getting the 1RS to Help Cover Your Real Estate Losses 137

* Explosive Tax Landmine for Fix and Flippers 145

* Guilty Until Proven Innocent 151

* Conclusion 161

* Putting it All Together 163

* Appendix A Tax Freedom Day 171

* Appendix B Glossary 173

* Acknowledgments 191

* More from Biggerpockets 193

== Books by the Same Publisher ==

*[[The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing!]]

*[[The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches and Maximum Profits]]

*[[The Book on Investing In Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People's Money]]

*[[The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties]]

*[[Set for Life: Dominate Life, Money, and the American Dream.]]

*[[Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties]]

*[[Finding and Funding Great Deals: The hands-on guide to acquiring real estate in any market.]]

*[[How to Sell Your Home: The Essential Guide to a Fast, Stress-Free, and Profitable Sale]]

*[[Real Estate Note Investing: Using Mortgage Notes to Passively and Massively Increase Your Income]]

*[[Raising Private Capital: Acquire Money to Build Your Real Estate Business]]

*[[The Real Estate Retirement Guide: How to Invest in Real Estate, Retire Early, and Do What Matters]]

*[[The Newbie's Guide to Successful Real Estate Investing: Start Here!]]

== Publication Data ==

'''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''', [[Amanda Han]], [[Matthew MacFarland]] 2016, [[Bigger Pockets Publishing]], ISBN 9780990711766

[[Category:Books]]
[[Category:Books]]
[[Category:Real Estate]]

[[Category:Tax]]
[[Category:Investing]]