Customer Reviews

Brilliant Deductions

5 star:		(14)
4 star:		(2)
3 star:		(2)
2 star:		(2)
1 star:		(4)

 

 

While most of the books by Wade Cook are about building wealth, this one is about preserving it.Wade shows you how to avoid the three financial Goliaths:1) Lawsuits2) Income Taxes3) Death TaxesYou'll read about the six different types of Entities to preserve your wealth and the advantages of a tax free entity. You'll read about section 42 tax credits that allows for up to a 70% tax credit. This book is great for business people and anyone who wants to pay the absolute minimum in taxes and enjoy the maximum protection from lawsuits.I liked the section on CRT's and CRUT's. What a advantage a CRUT has! I can donate something to a charity or church 20-40 years in advance but get up to a 50% tax reduction and recieve income off the investments now and get assets out of my estate.I recommed all of the books by Wade Cook to build wealth and I absolutely recommend this book to help you hang on to your wealth and make yourself Financially Bulletproof.Great book.

This book is jammed packed with powerful tax reducing strategies.

Form your own corporation. Better yet, incorporate in Nevade due to no reciprocity with the IRS. It's legal as well as smart.CHECK IT OUT!!

Use little known sect. 29 tax credits to lower your tax liability while earning huge dividends. CHECK IT OUT!

Create your own small business and still take LEGAL ABOVE BOARD tax deductions even if you don't earn a penny! CHECK IT OUT!

Use CRT's and income splitting. CHECK IT OUT!!!

Use this book it works.

Brilliant Deductions is one of the top two best books written on [legall] reducing your taxes. The other being Loopholes of the Rich by Robert Kiwosaki. I highly recommend both books if your goal is to reduce taxes and create wealth.

I learned a log time ago that to be financiall successful, you have to be in control. And letting your CPA, Accountant, Tax Advisor make all of your tax decisions for You, is being OUT OF CONTROL.There is so much good information in this book. And it's not just for business people either. If you are paying taxes you need this book. If you got a tax refund this year, you most definitely need this book.And if you are not in business, why not? Even a small home based business or a Network Marketing business qualifies you for enormous tax deductions.Small business and real estate are two of the best tax shelters out there. Not to mention income producers.I didn't know about section 29 tax credits until I read Brilliant Deductions. Nice passive tax credits.While I strongly recommend that you check with your CPA or other tax professional, you need to get involved in the process and tell them what you have. Most tax professionals only fill in the blanks on your tax forms. Many unfortunately, are not entrepeneurs and far too conservative.Read Cook's book Brilliant Deductions and you will feel brilliant as you reduce your taxes to zero as I have.

I enjoyed three major benefits fromthis book:1) Drastically reduced taxes. Money that was headed to Washington now is building my and my families wealth.2) Estate Creation. I feel comfortable now knowing that when I'm gone, my family will be secure. If all you have is a will, you need this book right now. 3) Protection against lawsuits. By use of the strategies in this book, I have made myself, my company and family "bullet proof"I got more useful information from this book than I ever got from my CPA. Buying Brilliant Deductions is a much better choice than spending $2,000-$3,000 for living trust, estate and tax seminars that go around.Great book. Use it and prosper.

Based one the 1 star reviews, it is obvious that some people are seriouslytax ignorant and totally illiterate about legal tax deductions.This also confirms how badly needed this excellent book by Wade is.Great book, but will only work for the who are teachable.

1) People not worried about taxes2) People not worried about lawsuits3) People who expect to live forever.Everyone else is fair game.

Although I found Mr. Cook's writing style a little hard to follow (he jumps from one idea to the next), this book is well worth a read just to harvest out any ideas that might work for your own situation. His suggestions about incorporating and income-splitting saved my familty at least $4,000 in income taxes this year alone. But, everyone's situation is different and readers need to do their own homework before blindly acting. Take Cook's ideas as just "brainstorming" sessions and then think for yourself. This reader certainly enjoys Wade Cook's "brainstorming" sessions.

"Brillant Deductions" makes people aware that you have the ability to take control of many broadbased pitfalls such as taxes, liabilities, and probate. It offers strategies that reduces risk in all these areas. Like anything else, seek advise from professionals before pursuing any strategy.

I have seen other books by Wade Cook and wasn't all that impressed. This one really did impress me and is a worthwhile read.

In this book you will learn about Nevada Corporations, income splitting and more. Cook also writes in an easy to read style and makes the information jump to life. He is an excellent writer.

I also recommend How to Inc. & Grow Rich by C.W. Allen, How to Own Your Own Corporation by G. Sutton, Loopholes and Inc. Yourself.