Here is our list of the best tax books.
Tax books are essential resources that teach readers how to save on taxes and understand crucial regulations. Examples include Taxes for Dummies by Margaret A. Munro, Tax-Free Wealth by Tom Wheelwright, and Lower Your Taxes Big Time! by Sandy Botkin. The purpose of these books is to simplify what you need to know to take advantage of tax opportunities and increase your savings.
These works are similar to books on bookkeeping, books on payroll and books on accounting.
This list includes:
- income tax books
- tax preparation books
- books on tax deduction
- tax books for small businesses
- tax books for beginners
Here we go!
List of tax books
Tax books are essential tools that show readers filing tips, tax-free techniques, and how to avoid retirement investing tax traps. From Taxes Made Simple by Mike Piper to What Your CPA Isn’t Telling You by Mark J. Kohler, here are the best tax books you can use to broaden your knowledge in tax matters.
1. The Tax and Legal Playbook by Mark J. Kohler
The Tax and Legal Playbook is one of the best tax books for small businesses. The author, Mark J. Kohler, is a personal and small business expert dedicated to helping clients grow their businesses. This book addresses difficulties revolving around tax and legal matters. Each chapter answers common questions in the mind of many business owners.
The author makes the book’s content entertaining and engaging with the help of real-life illustrations. While reading, expect helpful solutions, including assessment quizzes, possible pitfalls, and money-saving strategies. This book will provide you with knowledge and confidence to face tax problems usually encountered by many small-business owners. Consequently, with an informed mind, you will be able to seek out the right professional service to address your specific tax issue.
Kohler writes each chapter using the same approach he would while advising a client. You can resort to any part of the book if you have specific concerns or read through the entire chapter to widen your knowledge. Either way, you will have great information to make crucial decisions concerning your business’s tax matters.
Learn more about The Tax and Legal Playbook by Mark J. Kohler.
2. What Your CPA Isn’t Telling You by Mark J. Kohler
What Your CPA Isn’t Telling You is a popular book to guide you through your taxes. The book provides helpful solutions to save on taxes. You will learn up to eight tax principles well-expatiated and easily-understandable for beginners. You will also learn how to skillfully apply various strategies to help you cut down on your taxes. The book features illustrative toolkits with charts, checklists, and templates.
Mark Kohler reveals the pros of running a small business through the story of a typical family. The book also shows readers how to reduce their bottom lines by hiring children and spouses in their businesses. What Your CPA Isn’t Telling You remains a must-have for individuals looking to start a new business. Alongside tax strategies, you will discover helpful bookkeeping techniques and tips on how you can save on health care.
Learn more about What Your CPA Isn’t Telling You.
3. Tax-Free Wealth by Tom Wheelwright
Tax-Free Wealth is one of the best tax books. Author Tom Wheelwright wrote this book to show readers how to permanently reduce their taxes and build massive wealth in their businesses.
Readers learn finer points of tax regulations and ways to build wealth faster. Also, the book debunks the common misconception that you have to spend more on taxes if you make more money.
Rather than focusing on making less to pay less tax, Tax-Free Wealth simply reveals an effective way to lower your taxes. All you need is a good understanding of tax laws and how to manipulate the regulations to your advantage. In addition, the book aims to teach readers what to expect and look for in a tax advisor.
Learn more about Tax-Free Wealth.
4. Taxes for Small Businesses QuickStart Guide
Taxes for Small Businesses QuickStart Guide provides helpful information on tax strategies. The book can help you build a strategic groundwork to avoid dealing with preventable tax issues. Plus, a well-laid tax groundwork will give you enough time to focus on other essential aspects of your business.
The book teaches you how to avoid tax problems and maneuver your way out of these issues. Furthermore, you can access various checklists, summaries, guides, and cheat sheets. These toolkits will make your tax preparation much smoother. The book also addresses how business entities influence taxation. In addition, you will learn how to manage your payroll taxes and maximize tax deductions.
Learn more about Taxes for Small Businesses QuickStart Guide.
5. J.K. Lasser’s Your Income Tax by the J.K. Lasser Institute
J.k. Lasser’s Your Income Tax contains practical advice on various tax issues. This guide is among the most informative income tax books. Reading this text, you will learn about changes in tax laws. Plus, the book contains forms and worksheets you will find helpful when filing your tax.
J.K. Lasser also explains how you can get the best from your tax deductions and save as much money as possible. The book contains information on interpreting Tax Court decisions and IRS rulings. You will also find helpful pointers on how to file your taxes correctly. The author reviews the book annually to ensure readers remain updated about recent tax changes. If you wish to expand your knowledge in the tax field and do your taxes, then you can use this book as a guide.
Learn more about J.K. Lasser’s Your Income Tax.
6. Taxes for Dummies by Eric Tyson and Margaret A. Munro
Written by Eric Tyson and Margaret A. Munro, Taxes for Dummies is one of the most invaluable tax books for beginners. This book provides guidelines to help you prepare ahead of tax season. Tyson and Margaret pinpoint the unique tax-saving opportunities available to small business owners.
Also, you can learn how to find your way around the IRS website. Taxes for Dummies is an excellent choice for individuals and businesses looking to prepare their taxes. You will find the tips in this book helpful, whether you are an expert or a beginner in tax filing. Furthermore, the book will enlighten you on retirement account options, including the effects of international taxation rules.
With Taxes for Dummies, you can master how to use financial strategies to improve your business. With the tax strategies well-curated in this book, you can learn eye-opening ways to save money and maximize tax deductions. Eric and Margaret answer the frequently asked questions by many taxpayers and provide ways to avoid tax scams.
Learn more about Taxes for Dummies.
7. The Home-Based Business Guide to Write-Off Almost Anything by Doug Collins
The Home-Based Business Guide to Write-Off Almost Anything features simple terms to make the content easily understandable for beginner taxpayers. The author, Doug Collins, uses his experience as a home-based entrepreneur and coach to help many home-based and small businesses. The book clearly shows how the IRS and CRA view home-based businesses from a taxation viewpoint.
If you are keen on avoiding simple mistakes that could drain your savings account, then you should consider reading this book. Even if you are not getting a positive income from your business, you will learn how to claim tax write-offs. Doug Collins writes this guide with several industries in mind, including freelancing, coaching, and affiliate marketing. After reading this book, you will no longer view tax season the same way. Also, if you ever had a tax preparer who gave you bad advice, then the book will make you understand the reason for the advice.
You will also find online resources, including a personal budgeting Excel template and a tax saving calculator, downloadable for free.
Learn more about The Home-Based Business Guide to Write-Off Almost Anything.
8. The Book on Advanced Tax Strategies by Amanda Han and Matthew McFarlane
Authored by CPAs Amanda Han and Matthew McFarlane, The Book on Advanced Tax Strategies is a comprehensive tax guide to help real estate investors save extra money. You will learn how to increase your income using tax-free techniques. The book contains the knowledge you need to manipulate the loopholes in the tax system to your benefit. You will gain insight into maximizing all the tax reform benefits in your real estate deals. Also, the book contains answers on how you can legally wipe your income using your rental properties.
Alongside helping you prepare your tax for the year, this book will also guide you through creating a practical strategy to make your subsequent tax preparation easier.
Learn more about The Book On Advanced Tax Strategies.
9. 475 Tax Deductions for Small Businesses and Self-Employed Individuals by Bernard B. Kamoroff
If you need great books on tax deduction, then you can consider the 475 Tax Deductions by Bernard B. Kamoroff CPA. The author takes pride in helping small businesses and entrepreneurs maximize tax deductions. Even if you are not an expert in dealing with tax matters, you can easily understand this book and take advantage of any tax opportunity.
The writer updates the book yearly to reflect changes in tax laws. You will find a list of deductible items in the book, including theft losses and domain names. Also, you can find tips on listing items on your tax income form. Readers of this book have tagged the 475 Tax Deductions as invaluable in preparing taxes. From the book’s first page, you will get an overview of what to expect while reading. Although this topic is ordinarily dry, the book teaches about tax deductions in a fun and engaging way.
Learn more about 475 Tax Deductions for Small Businesses and Self-Employed Individuals.
10. Taxes Made Simple by Mike Piper
Taxes Made Simple is a comprehensive guide for taxpayers in various industries. The author, Mike Piper, uses his experience as a Missouri licensed CPA to answer frequently asked questions on income tax. Taxes Made Simple is quite straightforward regarding the critical information every taxpayer should know.
You will find this book amazing, especially if you are not a fan of reading through extensive pages. In less than 100 pages, the book reveals the relevant things you should consider while doing your taxes. The writer used simple expressions to make the text understandable for all readers. Therefore you do not have to master legal jargon to understand the contents.
While going through this book, you can expect to learn how to calculate your refunds. You will also be able to tell the difference between deductions and credits and between itemized and standard deductions. In addition, the author touches on critical areas like:
- Knowing the correct tax forms to fill out
- Capital gains and losses
- Alternative Minimum Tax
Mike Piper helps readers see tax in a less horrendous way, but rather as a simple negotiation between you and the government.
Learn more about Taxes Made Simple.
11. Deduct It!: Lower Your Small Business Taxes by Stephen Fishman
Deduct It! is one of the best tax preparation books. The book reveals quick and legal ways taxpayers can take advantage of tax deductions. Stephen Fishman uses his experience in his career as an author and attorney to teach readers recent rules for deducting net operating losses. Also, the book covers common deductions, including travel, meal, equipment, home offices, and medical expenses.
Deduct It! is easy to understand and contains real-life examples. The book is a must-read for beginners or anyone that runs a business, including freelancers, consultants, and sole proprietors. Whether you run a new or well-established business, this book will serve as a guide to help you file your taxes and plan your tax deduction. With Deduct It!, you can learn the techniques for keeping proper tax records and avoiding issues with the IRS. In addition, you can access any changes made to the book’s content on a dedicated page on Nolo.com. You will receive the link to the page once you purchase the book.
Learn more about Deduct It!: Lower Your Small Business Taxes.
12. J.K. Lasser’s Small Business Tax by Barbara Weltman
Barbara Weltman is a small business advocate and attorney who uses her expertise to help small businesses thrive by writing J.K. Lasser’s Small Business Tax. If you are a small business owner, then you can use this book as a guide to improving your business’s financial status. The book shows how to determine your tax liability and where you can request reductions on IRS forms. Also, you will learn about all the tax reliefs that are legally available to you.
In addition, you will find various forms and checklists to guide you through filing your own taxes in easy-to-understand terms. Furthermore, the book also addresses various business organizations and recordkeeping for business income and deductions.
Get J.K. Lasser’s Small Business Tax.
13. Lower Your Taxes Big Time! by Sandy Botkin
Lower Your Taxes Big Time! is among the top tax books for individuals looking to start a business. The book, authored by former IRS attorney and tax expert Sandy Botkin, contains invaluable information that can help you save thousands of dollars annually. Also, you can expect to learn how to document your business deductions properly.
Lower Your Tax Big Time! will give you a lot of strategies you can utilize to save on taxes legally and ethically. Sandy Botkins directs the book to various taxpayers, including business owners, independent contractors, consultants, and home filers. You will also learn more about starting a home-based business and turning expenses into high deductions.
Lower Your Taxes Big Time! offers crucial knowledge you need to make the next tax season seamless.
Learn more about Lower Your Taxes Big Time!
Tax books are a great read for small business owners or anyone interested in tax matters. These books usually review helpful techniques you can use to reduce your taxes and save money at the end of the year. If you find tax seasons dreadful, then reading a tax book will change your perspective about taxes. A tax guide simply serves as an eye-opening tool to maximize your tax deductions and take advantage of changes in the tax laws. Whether you run a business or work from home, you should consider reading one of these top-rated books to up your game in the tax field.
Next, check out this list of the best tax software, this one with bookkeeping software, and this one with accounting software.
We also have a list of payroll software for small businesses.
FAQ: Tax books
Here are answers to questions about tax books.
What are tax books?
Tax books are guides that contain information on how you can reduce the amount of money you spend on taxes. Generally, reading through and understanding tax laws can be difficult for a non-specialist. Therefore, these books break down the law’s relevant aspects using simple terms that anyone can understand. A tax book does not serve as a substitute for the professional services of a CPA. Nevertheless, the book will go a long way in expanding your knowledge of tax laws and even filing your taxes.
What are some good income tax books for beginners?
Great books on income tax for beginners are:
- 475 Tax Deductions for Small Businesses and Self-Employed Individuals by Bernard B. Kamoroff CPA
- J.K. Lasser’s Your Income Tax by J.K. Lasser
- The Home-Based Business Guide to Write-Off Almost Anything by Doug Collins
- Taxes Made Simple by Mike Piper
These books are highly-rated resources for answering income tax questions.
What books can help me do taxes?
If you are looking to prepare your taxes, then these tax books will be of great help:
- Tax for Dummies by Margaret A. Munro
- J.K. Lasser’s Your Income Tax by J.K. Lasser
- Deduct It!: Lower Your Small Business Taxes by Stephen Fishman
- The Book on Advanced Tax Strategies by Amanda Han and Matthew McFarlane CPAs
- The Home-Based Business Guide to Write-Off Almost Anything by Doug Collins
These books will provide insight into how you can save more money when doing your taxes. Without having to master the legal jargon, you will become more familiar with the tax laws and recognize opportunities to maximize your tax deduction.