Jeff Schnepper - How to Pay Zero Taxes 2015: Your Guide to Every Tax Break the IRS Allows

Also by Jeff A. Schnepper

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Copyright 2015 by McGraw-Hill Education. All rights reserved. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher.

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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,
and to Fred and 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!

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 and Paul Malagoli, CLU, AEP, and ChFC, for their 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, Tania Loghmani, Zach Gajewski, 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 and to Bill Fox for his investment insights.

Our income tax system is overly complex. It distorts investment decisions and encourages people to put money into schemes to reduce their tax bills instead of into enterprises to create jobs and help our economy grow.

BILL BRADLEY, New Jersey senator (1984)

The words of such an act as the Income Tax... merely dance before my eyes in a meaningless procession: cross-reference, exception upon exceptioncouched in abstract terms that offer no handle to seize hold ofleave in my mind only a confused sense of some vitally important, but successfully concealed, purport, which it is my duty to extract, but which is within my power, if at all, only after the most inordinate expenditure of time. I know that these monsters are the result of fabulous industry and ingenuity, plugging up this hole and casting out the net, against all possible evasion; yet at times I cannot help recalling a saying of William James about certain passages of Hegel: that they were, no doubt, written with a passion of rationality; but that one cannot help wondering whether to the reader they have any significance save that the words are strung together with syntactical correctness...