Taxes 2007 For Dummies (Taxes for Dummies) [Paperback]

Eric Tyson (Author), Margaret A. Munro (Author), David J. Silverman (Author)

Book Description

Series: Taxes for Dummies | Publication Date: December 18, 2006

Tax season doesn’t just have to be about paying Uncle Sam his due. Sure, giving up your hard-earned dollars hurts, but you can turn lemons into lemonade by turning knowledge into immediate and long-term tax savings. What’s more, wising up about your tax situation can only increase your financial savvy and bolster your future fiscal health.

Combining tax-preparation and tax-planning advice, Taxes 2007 For Dummies is the latest offering in the highly praised Taxes For Dummies series. This easy and fun guide (yes, a fun tax guide) walks you line-by-line through the most common forms, with analysis especially relevant for TurboTax and other tax software users. Fully updated for 2006, including Alternative Minimum Tax relief and Roth IRA conversions, this handy resource covers critical tax code changes and provides new tips for money-saving end-of-year tax moves. You’ll find out how to:

• Itemize your deductions
• Negotiate with the IRS
• Take advantage of tax credits to reduce what you owe
• Make tax-wise personal finance decisions
• Avoid common mistakes before you file
• Audit-proof your tax return
• Fill out the dreaded Schedule D

Packed with standout tips, tax cut opportunities, warnings, reminders, and sidebars, Taxes 2007 For Dummies is a clear road map to doing your taxes in 2007—and to wisely planning your future finances for years ahead.

Editorial Reviews

From the Back Cover

Guides you through the tax-form maze

File properly and save on your taxes this and every year

Save time, money, and hassles doing your taxes! This fun, friendly guide demystifies forms, minimizes errors, and answers all your tax questions in plain English. Fully updated for 2006, including information on Alternative Minimum Tax relief and Roth IRA conversions, this handy resource covers critical tax code changes and provides new tips for money-saving end-of-year tax moves.

Praise for Taxes For Dummies

"The best of these books for tax novices."
—Worth magazine

"The most accessible and creative. It's also the best organized."
—USA Today

"Will make tax preparation less traumatic."
—The Wall Street Journal

"Sound financial advice you can use throughout the year."
—The Seattle Times

Discover how to

• Itemize your deductions
• Negotiate with the IRS
• Take advantage of tax credits to reduce what you owe
• Make tax-wise personal finance decisions
• Avoid common mistakes before you file
• Audit-proof your tax return

About the Author

Eric Tyson, MBA, is a bestselling author, syndicated columnist, and lecturer. He works with and teaches people from myriad income levels and backgrounds, so he knows the financial and tax questions and concerns of real folks.
After toiling away for too many years as a management consultant to behemoth financialservice firms, Eric decided to take his knowledge of the industry and commit himself to making personal financial management accessible to all of us. Despite being handicapped by a joint B.S. in Economics and Biology from Yale and an MBA from Stanford, Eric remains a master at “keeping it simple.”
An accomplished freelance personal-finance writer, Eric is the author of other For Dummies national bestsellers on Personal Finance, Investing, Real Estate Investing, and Home Buying. His work has been critically acclaimed in hundreds of publications and programs including Newsweek, The Los Angeles Times, Chicago Tribune, Kiplinger’s Personal Finance Magazine, The Wall Street Journal, and NBC’s Today Show, ABC, CNBC, PBS’s Nightly Business Report, CNN, FOX-TV, CBS national radio, Bloomberg Business Radio, and Business Radio Network.

Margaret Atkins Munro, EA, (who answers to Peggy) is a tax advisor, writer, and lecturer with more than 30 years’ experience in various areas of taxation and finance with a mission in life to make taxes understandable to anyone willing to learn. Her practice is concentrated in the areas of family tax, small business, trusts, estates, and charitable foundations.
She is a graduate of The Johns Hopkins University and has also attended University College Cork (Ireland) and the Pontifical Institute of Mediaeval Studies in Toronto, and she feels that her ability to decipher the language in the Internal Revenue Code derives completely from her familiarity with a variety of obscure medieval languages.
Peggy is the author of 529 & Other College Savings Plans For Dummies. She lectures for the IRS annually for its volunteer tax preparer programs and speaks on a variety of tax-related topics.

David J. Silverman, EA, has served on the Advisory Group to the Commissioner of Internal Revenue. David has a Certificate in Taxation from New York University and has been in private practice in Manhattan for more than 25 years. He regularly testifies on tax issues before both the Senate Finance Committee and the House of Representatives Committee on Ways and Means. As the result of his suggestions regarding penalty reform that he made while testifying before these committees, legislation was enacted that reduced the amount of penalties that may be assessed in a number of key areas.
David is the author of Battling the IRS, which has received critical acclaim in The New York Times, Money, The Wall Street Journal, and numerous other publications. David has been a contributing editor and wrote a monthly column for Smart Money magazine and is frequently interviewed on national TV and radio as an expert on tax issues.

Product Details

• Paperback: 530 pages
• Publisher: For Dummies (December 18, 2006)
• Language: English
• ISBN-10: 0470079010
• ISBN-13: 978-0470079010
• Product Dimensions: 10.8 x 8.2 x 1.7 inches
• Shipping Weight: 1.9 pounds
• Average Customer Review: 3.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #1,245,906 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

8 of 9 people found the following review helpful:

4.0 out of 5 stars Overall Good General Information, March 8, 2007

By 

W. Crabtree (Ohio) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Taxes 2007 For Dummies (Taxes for Dummies) (Paperback)

I bought this book, along with "JK Lasser's 1001 Deductions & Tax Breaks 2007", to get an idea of what to look for in the future for tax reductions.

This book gives a good general overview of most tax deductions and important information regarding taxes. I am not familiar with tax terms and wording. I am more of a math person who is good at doing the calculations required. This book made sense of most of those vague and mysterious terms in regards to taxes that I had no clue what they meant.

I rated this book a 4 based on my purchase of the other book I previously listed. The Dummies book here took longer to explain a tax item. The "1001" book broke it down to the quickest, simplest terms to understand.It may be a "guy" thing, but I liked the meat and bones approach on the "1001" as compared to the fluffed up Dummies explanations.

If I didn't also get the "1001" book, this would have got a 5 Stars.

1 of 1 people found the following review helpful:

3.0 out of 5 stars Taxes 2007 for Dummies, August 28, 2007

By 

sandra dennis "Chance" (Williamsville, NY USA) - See all my reviews

This review is from: Taxes 2007 For Dummies (Taxes for Dummies) (Paperback)

The book covered the basics. Definitely geared to the basics taxpayer
without to intricate of a return. Taxpayers has to have some idea
of what they need to know in order to utilize this book.