Schnepper - How to pay zero taxes, 2016

Also by Jeff A. Schnepper

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This book is normally dedicated to my mogul,

Barbara, who taught me how to love, and to

my children, Brandy, Joshua, Allison, Mario,

and Jonelle, who gave me five more reasons why.

If I had the choice of doing it all over again,

I would begin by loving you again.

Also normally dedicated to the memory

of Frisco T. D. Schnepper, Tiger T. C. Schnepper,

Fred T. C. Schnepper, and to Bruno,

who now give me paws,

BUT

Forget it, guys This ones

for my Bianca Rose Conlin,

and her brothers Drew Ethan Conlin, Tyler Evan Conlin,

Spencer Henry Conlin, and Owen Bae Alexander Conlin

and their cousins Dylan Simon Schnepper and Aubrey

Anne Schnepper, who have redefined my universe!

CHAPTER 1
Tax Insanity

CHAPTER 2
Is It Legal?

CHAPTER 3
How Our Tax System Works

CHAPTER 4
ExclusionsTax-Free Money

CHAPTER 5
CreditsDollar-for-Dollar Tax Reductions

CHAPTER 6
Above the Line Deductions

CHAPTER 7
Below the Line Deductions

CHAPTER 8
Traditional Tax Shelters

CHAPTER 9
Super Tax Shelters

CHAPTER 10
Investment Planning to Save Taxes

CHAPTER 11
Last-Minute Tax Planning

CHAPTER 12
The Economic Growth and Tax Relief Reconciliation Act of 2001

CHAPTER 13
The Job Creation and Worker Assistance Act of 2002

CHAPTER 14
The Tax Relief Reconciliation Act of 2003

CHAPTER 15
Income Averaging and Hurricane Tax Breaks

CHAPTER 16
2006 Tax Reform

CHAPTER 17
Tax Reform, 20072008

CHAPTER 18
2009 Tax Changes

CHAPTER 19
More Tax Changes

CHAPTER 20
How to Avoid/Survive an IRS Audit

APPENDIX A
Cost Recovery/Depreciation

APPENDIX B
Business Use of Listed Property

APPENDIX C
Auto Leases

I wish to thank Nancie Crook, Barbara Thomassian, Pat Berenson, Ronnie Smith, and Anne McVay, without whom this book could not have been written, and the U.S. Congress and the IRS, without whom this book wouldnt have been needed.

I also want to thank Sayes B. Block, for his encouragement and professional guidance; Sandi Walker, April Napolitano, and Anne Rigney, for their typing and editorial assistance; my editors at McGraw-Hill, Mary Glenn, Jane Palmieri, Patricia Amoroso, Tania Loghmani, Zach Gajewski, Patricia Wallenburg, and Cheryl Ringer; and Sri Haran, CPA, Robert Doyle, Steve Leimberg, Jeff Kelvin, Joel Petchon, John McFadden, Kenn Tacchino, Bill Rotella, George Hasenberg, Frank Kesselman, John Oxley, Stephen D. Leightman, Noeleen McLoughlin, Julian Egnaczyk, Ed Caldwell, CPA, Al Blum, Brian Hans, Harry K. Sorenson, CPA, Patrick ORourke, CPA, S. Scott Davison, Zulma Lombardo, Morris Abraham, Richard and Janice Schank, Mark S. Fineberg, CPA, Anthony Lyras, and Ron Campbell for their professional assistance; and Simba T.C. Schnepper Conlin, Bruno T.D. Conlin, and Fred T.C. Schnepper, who give me reason to paws. Special thanks to Stephanie Davison-Thompson and Brian Lance for research and editorial assistance, to Bill Fox for his investment insights, and to contributor and pain in the ass John Paul Malagoli, CLU, AEP, and ChFC, for his efforts and annoyances to make this book to be most current.