Real Estate Tax Secrets of the Rich: Big-Time Tax Advantages of Buying, Selling, and Owning Real Estate [Paperback]

Sandy Botkin (Author)

Book Description

Publication Date: October 13, 2006

IRS insider Sandy Botkin reveals the tax strategies you can use to increase your ROIs by as much as 20 percent-whether you're a home owner or a real estate investor. This accessible guide demystifies real estate taxes and shows how to achieve maximum benefit when buying, owning, selling, managing, repairing, and investing in properties.

• Features numerous forms, charts, sample documents, and other valuable tax-saving tools
• Gives you the basics on real estate taxes and shows how to take full advantage of tax loopholes

Editorial Reviews

From the Back Cover

When it comes to building wealth through real estate, the rich have one important secret:

SLASH YOUR TAXES

It's simple: Less tax means more money in your pocket, and more return on your investments. Real Estate Tax Secrets of the Rich, written by a longtime tax expert and IRS consultant, shows you how to use your home and investment properties as money-saving and income-generating tax shelters.

Organized in easy to understand, bite size chapters that clearly explain the strategies, this book also includes includes charts and flow charts for ease of understanding. Each tip in this book includes a notation from the IRS tax code, showing exactly why it works - and how it's totally, 100 percent legal.

• Pocket thousands of extra dollars when buying and selling your primary home or investment property
• Use new mortgage and tax rules to your advantage
• Make targeted repairs and improvements on your home designed to boost tax deductions
• Protect and reduce your home's “tax basis” to maximize profit
• Make yourself bullet proof from any IRS audit

About the Author

Sandy Botkin attorney and certified public accountant, is CEO and Principal Lecturer of the Tax Reduction Institute in Washington, D.C. Along with his many years of financial experience, Botkin was also a legal specialist in the Office of Chief Counsel for the Internal Revenue Service.

Product Details

• Paperback: 224 pages
• Publisher: McGraw-Hill; 1 edition (October 13, 2006)
• Language: English
• ISBN-10: 0071472355
• ISBN-13: 978-0071472357
• Product Dimensions: 9.2 x 7.4 x 0.6 inches
• Shipping Weight: 13.6 ounces
• Average Customer Review: 4.0 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #553,021 in Books (See Top 100 in Books)

More About the Author

Sandy Botkin, CPA, Esq. former attorney and trainer for the IRS, is the president of the Tax Reduction Institute. Through seminars he has taught thousands how to save millions on their taxes.

Customer Reviews

Most Helpful Customer Reviews

14 of 16 people found the following review helpful:

5.0 out of 5 stars Hundreds of Tax Tips re Real Estate, March 13, 2007

By 

John Matlock "Gunny" (Winnemucca, NV) - See all my reviews
(REAL NAME)   

This review is from: Real Estate Tax Secrets of the Rich: Big-Time Tax Advantages of Buying, Selling, and Owning Real Estate (Paperback)

It should come as no surprise to you that the Federal Income Taxes are horribly confusing. They contain all kinds of special loopholds, private benefits, bureaucratic rulings and whatever that it's very difficult to follow.

This book takes one small subset of the tax code, that pertaining to real estate and pointing out literally hundreds of rulings that you probably never expected. For instance -- Interest on mortages for your home, both principal home and second home is deductable. But. What's a home? A place that 'provides basic living accommodations such as a sleeping place, a toilet, and cooking facilities.' Does your motor home, travel trailer, or boat provide such accommodations? Yes, then it's a home. What if you rent it out some of the time? She provides the IRS rulings.

The book is well written, not difficult to follow, and almost certainly can enable you to find enough deductions to cover it's fairly low cost.

3 of 3 people found the following review helpful:

5.0 out of 5 stars Excellent must have book, February 19, 2009

By 

R. Link "The Acctg Man" (Wisconsin, USA) - See all my reviews
(REAL NAME)   

This review is from: Real Estate Tax Secrets of the Rich: Big-Time Tax Advantages of Buying, Selling, and Owning Real Estate (Paperback)

Sandy Botkin is one of the best in making the complex simple and easy. I have also purchased his tape seminars online. An indispensable guide if you prepare taxes or just want to be aware of the best tax strategies available. His other book - Lower your taxes - big time - is also a MUST HAVE!

5 of 7 people found the following review helpful:

5.0 out of 5 stars Excellent Book for Anyone that Touches Real Estate and Investments, February 1, 2007

By 

Edward A. Hollinshead - See all my reviews
(REAL NAME)   

This review is from: Real Estate Tax Secrets of the Rich: Big-Time Tax Advantages of Buying, Selling, and Owning Real Estate (Paperback)

Sandy Botkin has presented a very clear analysis of the tax advantages around owning real estate. Real Estate Tax Secrets of the Rich is an excellent tool for any financial and real estate professional (CPA, CFP, Mortgage Advisors, Realtors, etc)that counsels and advises property owners and investors. I intend to make this book available for my clients as well.