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Loopholes of the Rich: How the Rich Legally Make More Money and Pay Less Tax

Loopholes of the Rich: How the Rich Legally Make More Money and Pay Less Tax

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Author: Diane Kennedy
Publisher: Wiley
Category: Book

List Price: $19.95
Buy Used: $4.55
You Save: $15.40 (77%)



New (29) Used (32) Collectible (6) from $4.55

Avg. Customer Rating: 4.0 out of 5 stars 44 reviews
Sales Rank: 95625

Media: Paperback
Edition: Revised
Number Of Items: 1
Pages: 336
Shipping Weight (lbs): 0.9
Dimensions (in): 8.9 x 5.8 x 0.9

ISBN: 0471711780
Dewey Decimal Number: 658.153
EAN: 9780471711780
ASIN: 0471711780

Publication Date: December 20, 2004
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Shipping: International shipping available
Condition: With pride from Motor City. All books guaranteed. Best Service, best prices.

Also Available In:

  • Paperback - Loopholes of the Rich: How the Rich Legally Make More Money and Pay Less Tax
  • Kindle Edition - Loopholes of the Rich: How the Rich Legally Make More Money and Pay Less Tax
  • Kindle Edition - Loopholes of the Rich

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Editorial Reviews:

Product Description
Loopholes of the Rich helps Americans from all walks of life use the same tax loopholes that the wealthy use to lower their tax bill. With this handy guide, you wont need an accountant to find quick and easy ways to pay less. And theres nothing unethical about these tax loopholes. In fact, the government wants you to take advantage of them! These tax-reducing tactics and strategies can give you the freedom to save for your familys future or for your own financial independence. Plus, youll find a handy checklist of more than 300 business deductions, real-life tax strategy examples, useful sample forms, explanations of IRS codes and rules, and much more.


Customer Reviews:   Read 39 more reviews...

2 out of 5 stars BAD Advice re: homes in LLCs   April 17, 2008
 1 out of 1 found this review helpful

This book had a lot of good information but I have to strongly disagree with the idea of putting a persons home into a Limited Liability Company. It sounds great but the IRS has made it clear that they will not find a busines purpose for puting a home in an LLC. Also there are court decisions around the countyr that have found that putting ones home in an LLC does not protect the home from legitamate creditors. LLC are fantastic entities for asset protection, income tax planning, and estate and gift tax planning, in our practice we work them daily, but we never put personal homes into the LLC it is a waste of time and money.

Marty Burbank, Juris Doctor, Masters of Law in Tax



4 out of 5 stars Great Start, For Beginners!   July 10, 2007
 1 out of 1 found this review helpful



This book is wonderful, especially for folks without a lot of business background. It was very helpful for me when I began to interview accountants.

This book does an excellent job of educating the average person & Small Bussiness Owner on how to structure a business and to legally take advantage of the Internal Revenue Code. It gives great examples, and gives step-by-step guidelines that I actually understood and used.

There are a few typos, but overall a very informative book.




4 out of 5 stars Straightforward information on common tax risks and opportunities   November 6, 2006
 3 out of 3 found this review helpful

This clearly written book offers a handy guide to tax strategy for the rich and for those who hope to be rich. Author Diane Kennedy, a certified public accountant, provides basic information on common tax risks and opportunities. Without using burdensome jargon, she explains the fundamentals of financial reports and record keeping. Her approach is commonsense and straightforward she doesn't make outrageous promises or exotic, inapplicable recommendations. The title is slightly misleading. This book is not really about loopholes, but rather about sound planning and management - especially for business owners. It does get into the minutiae of tax law, which is subject to change, so some of the details may have a short shelf life, and much of the advice will have little applicability outside of the United States. Nonetheless, we recommend this basic guide to anyone who needs a fundamental introduction to personal financial and tax management in the U.S.


5 out of 5 stars Information Packed Book! Lots of Great Tips   April 11, 2006
 5 out of 7 found this review helpful

I thought this book was excellent! I learned quite a lot from reading it and hope to really apply what I have learned to my finances. It was jam packed with helpful tips and ideas on how to take full advantage of tax loopholes. I would recommend this to any small business owner!!


1 out of 5 stars simplistic   January 23, 2006
 10 out of 16 found this review helpful

Not very well written. Its is simplistic & somewhat condescending.
Later chapters tend to repeat basic concepts covered earlier without expanding upon the issues. There are more knowlegable authors out there that are refreshing and can effectively advance the your knowledge.


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