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Filled with important IRS websites, state hot lines, and more than a thousand insider secrets, this widely acclaimed book--a Business Week bestseller--reveals critical strategies that the best CPAs use for their clients to file shrewd, legal, money-saving returns.
With tax laws constantly changing and existing regulations hidden in voluminous tax codes, businesses and individuals in every income bracket need expert advice that cuts through IRS bureaucracy and prevents taxpayer horror stories. In this completely updated version, the authors explain the latest IRS targets and weapons, how to work with the IRS personality, and the thirty biggest misconceptions taxpayers have about their returns, from IRAs, refunds, gifts and inheritances to audit selection, deductions, avoiding penalties, and more. There's also a brand-new chapter, "New Tax Legislation--What It Means for You," and the most recently available information on the dramatic IRS overhaul.
- Sales Rank: #5631259 in Books
- Published on: 1999-12-28
- Released on: 1999-12-28
- Original language: English
- Dimensions: 9.75" h x 6.50" w x 1.00" l,
- Binding: Paperback
- 544 pages
From Library Journal
The authors demystify the IRS, explaining how you can perform all the tricks CPAs perform and still avoid an audit.
Copyright 1994 Reed Business Information, Inc.
From Booklist
There are three categories of tax guides. One type gives step-by-step instructions on preparing tax forms and offers tips and suggestions along the way. A second advises financial planning strategy and recommends ways to allocate or invest money in order to minimize taxes. A third counsels the adversarial approach. It is this tack that is taken by CPA Kaplan and specialist Weiss. They portray the IRS as arrogant, uncaring, vindictive, and rife with bureaucratic incompetence. By revealing IRS operating procedures that determine how and when a return is audited, the authors provide tips on minimizing the likelihood of an audit and they spell out "endless" loopholes in our tax laws that they say should be taken advantage of. Recommended for libraries whose patrons demand more than J. K. Lasser. David Rouse
Review
"Martin Kaplan has joined the ranks of tax advice authors, but with a different take on the issues. To Mr. Kaplan, what matters more than such details as the rule that a written receipt, not just a canceled check, be provided for charitable contributions of more than $250, is understanding the personality of the Internal Revenue Service. . . . He contends that knowing the IRS personality can help . . . during an audit." --The New York Times
"How the IRS operates and how the individual can cope with the system is the fascinating subject of What the IRS Doesn't Want You to Know. . . . Martin Kaplan relies on his considerable experience to explain how to minimize your chances of being audited. . . . A worthwhile, richly informative book." --Barron's
Most helpful customer reviews
34 of 35 people found the following review helpful.
How to Beat the IRS
By Bryan Carey
Keeping up with all the IRS rules and regulations can be a real hassle. The tax code keeps getting more and more complex every year, in spite of countless promises by politicians to "simplify" the system.
This book does give some useful tips on how to avoid taxes. It points out specific ways that you can legally reduce your tax burden, along with key mistakes to avoid, unless you like the idea of being audited.
This book is written in an outline format, with boldface and bulleted text throughout. This is helpful, for finding specific information. You can quickly turn to a chapter that interests you, and then narrow down your reading by looking for the sub- topic that interests you.
Thw way this book portrays the the American tax system might not sit too well with some people. The author talks about the IRS, not necessarily as a great, friendly institution, but not as something to take caution with, either. He paints a picture of the IRS as being a firm, but reasonable institution and points out that we should not fear the IRS at all. We all can think of many, many occasions where this has not been the case. The IRS has abused its authority in many instances, and many feel that some of its unethical actions are directly the result of political manipulation against enemies, like in the case of auditing of high- profile individuals. But this book avoids talking negative, making the IRS seem like an institution that is reasonable and accommodating.
This book shows the reader many ways to avoid taxes, and much of the advice is sound, but I found this book to be a yawner overall. It's one of those books that could be viewed as a reference book, or a reading book. However, if you try to read the book from cover to cover (it's more than 450 pages in length), don't be surprised if your eyelids seem to become very heavy after every few pages of reading. This isn't exciting material, and it can induce drowsiness quickly.
This book has been updated and revised many times to keep it current with the ever- changing tax laws. It's the type of book that becomes outdated very quickly, and needs constant revisions to keep up with the times. My edition is already a couple years old, and I can already see where the technology chapter is way behind.
This is an ok book to have around, as a reference guide to reducing taxes and complying with IRS rules. If you don't want to pay a tax professional and you enjoy the challenge of working on your own taxes, then this book could prove to be very beneficial. For everyone else, it will likely just sit on a shelf and collect dust. Buy it only if you feel that you really need it.
0 of 0 people found the following review helpful.
Should be in every home or bookshelf there is!
By Ra2377ven
Educational and very interesting fun to read book believe it or not. Everyone should read this, it's not any kind of illegal advice if you're thinking that. Just full of IRS and tax info that isn't made wide open for the public. Because if you don't ask or seek, you know they're NOT going to volunteer it!
0 of 0 people found the following review helpful.
Three Stars
By Amazon Customer
Good book good info.
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