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Hot New Tax Breaks

Key Tax Changes for 2009 & 2010

By Nick Braun EA PhD

This unique new tax guide explains ALL the important tax changes and tax breaks.

It also goes one step further and reveals how you can use these changes to slash your taxes.

Hot New Tax Breaks brings together all the tax changes that will affect you in 2009 and beyond and is essential reading for :

• All individual taxpayers
• All business owners
• Tax pros who want to help their clients pay less tax

The guide also reveals all the little-known tax-saving strategies that will help you cut your taxes.

 

What Subjects are Covered in the Guide?

For individuals:

• Important IRA & 401(k) changes for 2009 and 2010.
• Why you should convert to a Roth IRA to save thousands of dollars in future taxes.
• The new rules for Roth IRA conversions starting in 2010.
• ... and why you should be making non-deductible IRA contributions NOW.
• How to claim an extra tax credit of up to $2,000 if you contribute to an IRA or 401(k) plan.
• How to shelter your real estate profits from the IRS – even if the property is a vacation home or rental property.
• A clear guide to the new tax rules for home sellers and how they can be used to reduce your tax drastically, including:
  
    Loopholes for properties purchased prior to January 1, 2009.
  
    Loopholes for properties rented out or used as vacation homes.
  
    Loopholes for people who change jobs.
  
  
• The new state sales tax deduction: when you should and should not use it
• Why you should gift stocks to your children NOW.
• How to turn your 529 college saving plan losses into a BIG tax refund.
• How to increase your tax savings when you sell loss-making stocks.
• … and how to avoid the IRS wash-sale rules.
• A summary of ALL the education tax breaks and deductions you can claim.
• The new Kiddie Tax rules explained in plain English.
• … plus how your kids can still save you a lot of tax.
• The best assets to give to children to defer tax until the Kiddie Tax no longer applies.
• How to escape Gift Tax.
• How to enjoy $2,760 per year in tax-free transportation fringe benefits.
• Important AMT changes for 2009 and tips on reducing your AMT liaibility.
• Plus all the other tax deductions announced for 2009 and 2010.

 

For Business Owners:

Hot New Tax Breaks also explains all the major new tax saving opportunities for business owners including:

• All the new tax deductions and tax credits available to business owners in 2009.
• How to cut your estimated tax payments in half in 2009 and 2010.
• An important new tax rule for married business owners.
• How to buy a new SUV and obtain an immediate 78% tax deduction.
• The clearest explanation of the 100% expensing rules (the Section 179 deduction) you will read anywhere.
• Tricks you can use to increase your Section 179 tax savings.
• … plus all the important traps to watch out for.
• How the Section 179 deduction can be used to slash the tax on your salary and your spouse’s salary to zero!
• Section 179 traps for LLCs, S corps and partnerships.
• A plain-English guide to 50% bonus depreciation.
• How to claim a $2,400 tax credit when you hire veterans and young people.
• How entrepreneurs and business owners can pay just 7% tax.
• The new rule for S corporation asset sales.
• … Plus lots more!

What Will I Receive?