This article showcases our top picks for the
Books on Tax Strategy. We reached out to industry leaders and experts who have contributed the suggestions within this article (they have been credited for their contributions below).
We are keen to hear your feedback on all of our content and our comment section is a moderated space to express your thoughts and feelings related (or not) to this article
This list is in no particular order.
This product was recommended by Dmytro Serheeiv from PDFliner
I highly recommend this book to people who want to develop a tax strategy for growing their wealth by learning how to legally minimize and avoid taxes. Of course, you can google tips for that and get buried in tips, but this author is a real certified CPA who uses straightforward language instead of mind-wrecking IRS-style texts that take thousands of pages. This book is an easy way to start and figure out what general opportunities you have and how to move on. If you really follow the advice given by Wheelwright, you will soon find yourself ready for more advanced reading. What is more important, you will be able to choose the right information source without anyone’s help.
This product was recommended by Erica Tan from Best in Singapore
How to Pay Zero Taxes promises a lot but the premise is simple: Armed with the right information, tax time can be less of a hassle, and you can save money like never before. Tax expert Jeff Schnepper’s captivating guide will lead you gently through complex information without feeling mentally or financially taxed. And you’ll find salient advice on everything from calculating child and elder care costs, how to maximize your business deductions and how to survive an audit if you’re one of the unlucky few the IRS chooses to inspect carefully.
This product was recommended by Shaun Connell from Texas Divorce Laws
Here’s a nice book I enjoyed reading over the last few years. Daniel paints a nice picture by explaining some solid strategies on saving money, how to spend it, and being smart when it comes to your personal taxes. It provides quite a bit context to consider and is a nice textbook for someone who is experienced in financial strategies, as well as someone who has less experience. Thinking about your retirement is important and requires a smart, patient strategy. This book details some good ideas and provides some perspective on where to begin!
This product was recommended by Nikita Verma from PurpleCrest
The sequel to the authors’ first book on tax strategies for real estate investors is an easy to read, with numerous examples and well structured book allowing the investor to issue spot and ask questions to their tax preparer and legal advisor on deal structuring, excellent advice on 1031 exchanges, Opportunity Zones, self-directed retirement accounts and more. It presents the tax consequences of various real estate investment strategies in a straightforward manner. It offers numerous ways to potentially reduce or defer taxes through a number of different strategies. This book summarizes everything and serves as a go-to resource for all the information you need on the subject.
This product was recommended by Mimi Paul from Starkflow
The information provided in this book will help you from losing thousands of dollars that are otherwise completely legal to claim – the IRS merely doesn’t go shouting the deductions you might be entitled to and hence you have to research them. This book takes into account the major types of business entities and differentiates which can deduct what (Sole Proprietorship, LLC/LLP, C Corporation, & S Corporation). The rest of the book is broken down by easy keywords so that you can easily determine which deduction category that item falls into. All in all a great read that’s beneficial to get to know tax exemptions.
This product was recommended by Stella Cooper from PaydayLoansUK
In this book, you will learn powerful techniques to deduct tax, invest smarter, and pay less to the IRS. Author Amanda Han and Macfarland share some necessary information on tax strategy to make your next tax session much more manageable. Start saving money with these amazing tax strategies. You will understand creative methods to maximize tax deductions and strategies to write off every penny on your travel. This book also includes simple techniques that will protect you from the audit.
This product was recommended by Shawn Plummer from The Annuity Expert
If you’re looking for a book that really lives up to its title, then Lower Your Taxes – BIG TIME! by Sandy Botkin is highly recommended. Written by a CPA and tax attorney, this substantive guide walks you through the latest changes and deductions you can use to save yourself money each year. Botkin has a very grassroots style that doesn’t get bogged down in technical language but ensures everything you learn makes sense and is valid to your situation.
This product was recommended by Ross Jurewitz from Jurewitz Law Group
If you want to understand more about taxes and tax strategies then I can’t recommend Morgan Housel’s Psychology of Money enough. This will totally change your perspective on money and the role that money plays in our everyday lives. Not only that, but it gives you a new angle with which to go about making money and business decisions. Most of the time we’re taught that money and finances are a purely mathematical field, but in reality, there is a lot more to it than that. Understanding the psychology of money is going to be a real game-changer for you.
This product was recommended by Jonathan zacks from GoReminders
This series of books is updated regularly so make sure you have the most up-to-date version available at the time. It is the only book on tax that most small businesses will ever need. Within the covers, you will find a guide to your tax liabilities and how to deal with them in an easy-to-find, reference, and read format. The book contains a full list of expense reductions and tax credits, and how to qualify for them. It will help you fill your return, and form strategies for the upcoming year with information on any changes coming up. An online supplement is included in the purchase price.
This product was recommended by Jason Cordes from CocoLoan UK
The initial edition of Adams’ study of taxation history caused a stir across the country, with enthusiastic reviews appearing in dozens of national newspapers and publications, as well as local papers in practically every state. Adams presents a compelling case that taxes are to blame for many significant events in human history. Beginning in ancient Egypt, Adams examines how governments set and collected taxes, as well as how these processes influenced the collapse of Rome, the emergence of Islam and the Arab conquests, the signing of the Magna Carta, the American Revolution, and the Civil War, and many other significant events. Adams also recommends countries looking to avoid the tragedy of earlier nations destroyed by inadequate tax systems.
This product was recommended by Jason Cordes from CocoLoan UK
The book is a practical tax resource for small business owners. The book is structured into three sections, each containing key tax processes that every small business owner should follow. Detailed knowledge of numerous small business models and how to easily transition between them. Tax-saving tactics that are legal. For your small business, tried and accurate record-keeping solutions on dealing with IRS audits and preventing them, plus much more!
This product was recommended by Jason Cordes from CocoLoan UK
Poverty is not inevitable, in my opinion. If you agree, this will guide the reader on how to finance and measure the return on investment from ending teenage poverty. The best way to do this is to encourage the private sector to instruct children in poverty in knowledge and business skills. The Math of Poverty platform intends to scale up and tutor all poor children in the United States for jobs that pay more than $100,000. Apple, Facebook, VISA, Samsung, Athena Health, eBay, Merck, and a dozen more high-tech companies in Austin have been persuaded thanks to the innovative application of incentives. When it takes to pay off your mortgage, the US government can earn $30 trillion. Cultural variety is used as economic strength in this better economic strategy.
This product was recommended by Steve Anderson from Junk-Yard-Near-Me
This book is a boon for small business owners and self-employed personnel. The book contains important concepts, processes, tips, techniques, and strategies to help you manage your tax and income.
This product was recommended by Valli Vishnubhotla from Green Match
Tax is one important aspect that business owners should pay attention to. It is the responsibility of business owners to pay their taxes promptly and accordingly. To guide them about taxes, there are certain books that will give them ample knowledge. One sample book about tax strategy is “Small Time Operator: How to Start Your Own Business, Keep Your Books, Pay Your Taxes, and Stay Out of Trouble”. This could be the ideal book for those who are starting their businesses, self-employed individuals, employers, and professionals. This book includes topics like best practices for bookkeeping and taxes, financing, pros and cons of various business models, and finding a good business location.
This product was recommended by Valli Vishnubhotla from Green Match
The book titled “Taxes: For Small Businesses Quickstart Guide- Understanding Taxes For Your Sole Proprietorship, Startup, and LLC is also a good book about tax strategy. This is intended for small business owners. This book will guide sole proprietors, independent contractors, and startup LLC business owners that want to gain a broad understanding of the application of tax codes in their organization. The book will guide owners on how to keep good records and when and how to handle payroll taxes. You will also learn about the common tax mistakes made by small business owners.
This product was recommended by Kristin Harper from Incrementors
The book addresses the most complex and important tax issues in the most straightforward manner possible. It avoids going overly comprehensive and scholarly while covering the basics of deductions, credits, and retirement contributions. The author does a fantastic job of breaking down complicated subjects into easy-to-understand chunks. This book is essential reading for anyone interested in learning how to file taxes. It should be emphasized, however, that it will not transform you into a specialist because it does not provide advanced information in any of the areas. In summary, if you’re new to the world of taxes, it can be a terrific place to start.
This product was recommended by Will Cannon from Signaturely
The Tax and Legal Playbook: Game-changing Solutions to Your Small-business Questions is another book about tax strategy that you should not miss. This book encompasses the answers to the tax and legal questions of small business owners. It also covers legal scams and deceptions. The writer of this book is Mark J. Kohler who happens to be a C.P.A. and Attorney at the same time.
This product was recommended by Madilyn Hill from TruePersonFinder
This book provides insight on Income tax. The book is easy to read, not voluminous, and easy to understand. Income tax is one of the hardest things to understand. The author has simplified the tax system to make this topic easier for you. Dan Matheson is the CEO of the leading business group and has various credentials, including CEPA, CHFC, CLU, and RICP. This book is also beneficial for people who want to know about investment and investment strategy.
This product was recommended by Steven Walker from Spylix
The Master Tax Guide to the United States of America is thoroughly researched and presents the most up-to-date and legally sound insider explanation of the United States’ tax code. If you’re preparing a complicated filing, you’ll frequently consult this reference. You’ll be hard-pressed to come up with a query that this book doesn’t answer, even if you’re a CPA.
This product was recommended by Lyle Florez from EasyPeopleSearch
Don’t believe everything you hear. This edition’s words aren’t as straightforward as you’d like them to be. But it isn’t the words that make the book worthwhile. It’s the information it contains. Many people who have read this book have said that it has helped them with their tax problems. Furthermore, this book has provided scenarios from which to draw examples. Cases are the most effective way for pupils to grasp a scenario.
This product was recommended by Stella Scott from EasyPaydayLoan
This book clearly explains prudent investors’ strategies and investment approaches to reduce and eliminate federal income tax. It also shows you how to harness the tax code to operate a small business to produce tax credits for research in new software and scientific research. The author is a mathematical economist; therefore, he includes actual tax return examples with high income and zero taxes. This book explains relevant code sections and shows how to translate plans into actions that can substantially reduce income tax based on carefully planned investments.
This product was recommended by Stella Scott from EasyPaydayLoan
This book helps you learn the secret power of the most overlooked provision in the tax code. It shows you the tax-free privilege that less than 10 percent of financial professionals and the public know about or use properly. Baby Boomer explains a step-by-step method you can use to analyze your scenario to establish and take advantage of the IRS’s most significant provision to ensure that your retirement is secure. He also explains how a little-known provision allows you to transfer the exact amount of tax-free wealth to yourself when you need it.
This product was recommended by Sharon Dylan from Management Help
Taxes can be very confusing, especially when taking out money from your IRA. Hence, it is very important to correctly strategize your taxes, loans, and other taxable payments in order to maximize your IRA. Only when an individual learns to strategize taxes financially can they gain something out of it, otherwise, they will just become milking cows on paying tons of taxes. This book will help you answer your burning questions about taxes but help you understand everything about it too. Aside from that, it will help you with your tax strategy game in order to win in life.