This is a powerful story woven around one theme: Tax planning can change your life.
Tackling the fundamental question asked by all taxpayers - How can I save on taxes? - attorney and CPA Mark J. Kohler empowers you to dismiss standard CPA viewpoints like "your tax payment is what it is" and "you just make too much money."
Simplified through the mastery of storytelling, Kohler invites you to immerse yourself in the compelling tale of a typical family's tax awakening. Through their journey, you'll discover critical but underutilized tax strategies to achieve huge tax savings, greater wealth, and ultimately, a winning pursuit of the American Dream.
©2010 Entrpreneur Press (P)2010 Mark J Kohler, CPA, JD, PC
It is hard to write a book about tax strategies and I give Mr. Kohler credit with the creativity of telling a story. The reviews on Amazon were much more positive so it may be a book that needs to be read. The sound quality was not up to usual standards although the author gave it his best, there should have been some editing. I found the story moved too slow with a payoff that was less then I hoped for.
I liked that the PDF for Appendix B was available and that will be a good visual resource.
I believe the recommendations to start a business andor do rental Real Estate is solid but takes a great deal of work.
The major opinion on the self directed IRA as something "the Wall Street Machine" does not want you to know about is very questionable advice. Financial planners and investment people make less but CPAs and custodians make a lot more. I am not saying it can not work; but after researching it for my clients, there are many fees, traps, and hassles...be careful! It sounds great in theory to start a business or buy property inside a qualified account but you still have to follow through on making money. The great part of investing is you put up the capital and others do the work!
It is a very well written story, however he refers to what his previous CPA didn't tell him, and going over business plans for having a small business. He doesn't get into actual details that don't revolve around him, but often just states you need to ask your CPA.
Not really, it did have a few good ideas, that he had followed and was given. I would have preferred his CPA to write the book.
Possibly, he reads well
Just contact a CPA.
I am a small business owner with more time to listen than to do anything else... I am often working with my hands and doing things by myself allowing me plenty of time to soak up education... This my friends is a great book for tax education, simple and concise, kind of humorous at the same time. I have been a fan of the rich dad series and listened to and read about 6-7 books from their line, this is right on par and a lot shorter... Less technical but still really helpful to get your pallet wet. I am definitely going to purchase Mark's other books. Slightly poor recording of him reading the book (you can pages turning and sometimes a slight noise in the background) however not at all a deterrent to great material! Get it and you won't be disappointed
he read his own book and stutters quite a bit and u can hear pages turning but he is enthusiastic and interesting to listen to. the entire book is his explanation of what his business minded cpa told him in a seminar he attended. i dont know if it is fictional and used as a story base for the information he wants to share (much like how there is no rich dad or poor dad in real life). i already own two businesses and i felt like i didnt learn much. this was more of elementary reasons to start a business in order to save taxes rather than details on how to do better book keeping to write of travel expenses. im glad i listened to it but i didnt learn a lot
Does anyone know how to access the appendices of this book? When I purchase a book, expect to be able to have access to ALL of the book, especially when the author refers to the appendix many times throughout... maybe web access somewhere?
I am a small business owner. I could not finish this book. For 45 minutes, the author talks about himself and his wife, trying to tell an engaging story that actually sounds like a skit on Christian radio. I never heard anything valuable AT ALL. Maybe after 45 minutes this book has something useful, but I could take no more than that. Note to author: If this book is supposed to TEACH me something, you can't expect readers to wait so long to hear something useful. Also, if your consternations about CPAs in the beginning makes it sound like you are talking about the boogyman. Seriously?
Also, head up to the potential buyer of this audible book: The author reads his own book aloud, making mistakes at times, sometimes stopping to catch his breath after run on sentences.
To Audible/Amazon - This is not what I expect from Audible, and I suggest this book be taken down. The positive reviews must be from friends and family of the author.
Author should have used a combination of stories and teaching.
Author should have used a professional narrator. He stumbled over words, read to fast and had ineffective pauses.
Do it over
ever heard of a self directed IRA? Did you know you could invest your HSA? If nit then this is the book for you. Just wish we voukd find a CPA tjus knowledgeable and willing to share.
I loved the format the book is narrated in...a story line you can follow and concepts easily absorbed due to the narration style. If you want, good solid concepts easily applied examples..this is the book for you! I took pages of notes while I listened....I feel better equipped to find a CPA who will help me and look out for my best interests! he encourages small steps to implement a plan.... measurable milestones. Just love it!
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