list of top 15 tax books [updated 2022]
It doesn’t matter if you’re a financial consultant, an HR professional, an entrepreneur, or a novice, you need to know about taxes. Tax books will help you learn taxes in depth, some of the books are always relevant regardless of the years of publication. Below is the list of major tax books –
- tax-free wealth ( get this book )
- how to pay zero taxes ( get this book )
- j.k. small business lasser taxes 2021 (get this book)
- taxes made simple(get this book)
- 475 tax deductions for businesses and self-employed individuals (get this book)
- k. lasser 1001 tax deductions and exemptions: your complete guide to everything deductible (get this book)
- corporate tax basics (college casebook series)( get this book)
- Federal Income Tax Basics for Individuals and Businesses (get this book)
- southwest federal taxes: individual income taxes >( get this book )
- tax principles for business and investment planning ( get this book )
- examples & explanations: corporate taxes ( get this book )
- international taxes in a nutshell ( get this book )
- federal taxes: basic principles ( get this book )
- federal income taxes (concepts and viewpoints series) ( get this book )
- best zero tax planning tools (get this book)
let us discuss each of the tax books in detail along with their key points and reviews.
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#1 – tax free wealth
by tom wheelwright
about the book
The book will tell you how the tax laws work in your country and how you can use them to your advantage. Essentially, it explains various tax planning concepts that can be used to reduce tax liability.
book review
This book offers you an innovative tax book. The author is passionate about tax law and has a penchant for using it to his advantage. accordingly, he provides a high-level overview of the various tax considerations and techniques he can employ to take advantage of available tax benefits, such as special tax treatment for real estate expenses. he also addresses and explains various technical concepts with good examples, such as depreciation, estate planning, etc. The only shortcoming of the book that I can think of is that it has a lot of detail that would apply to you only if you own a corporation. however, there is no doubt that this book will definitely boost your tax planning strategies and help you accumulate more wealth.
key points
#2 – how to pay zero taxes
by jeff a. schnepper
about the book
This book is based on IRS-sanctioned deductions, credits, shelters, and exemptions that taxpayers can use to save taxes.
book review
The author begins the book with a very strong statement that each year you may be paying much more than you really should due to a lack of knowledge of available tax deductions. he claims that he should not pay her a dime more than the law requires. As such, the books offer comprehensive coverage of deductions that no other tax book offers. includes deductions related to child care & elder care, job search expenses, moving expenses, investment expenses, mortgages and points, and 401(k)s. In addition to the current status of tax rules, it also provides a historical account of tax deductions and credits. overall, it provides in-depth knowledge about the tax code in a way that is easy to read and apply.
key points
- very interesting, informative and a must read for you if you file taxes.
- covers all tax exemptions available in the current tax code.
#3 – j. k. lasser small business tax 2021
by barbara weltman
about the book
The book will help you legally limit your tax liability by making the most of tax deductions and credits. covers all available tax breaks and explains how you can claim them.
book review
In this book, the author has used a direct and easy-to-read writing style. The book covers the latest tax laws, IRS rulings, available write-offs, related court decisions, etc. in great detail that can help you develop tax planning strategies that can support running a tax-smart business. In other words, he focuses on strategies that can help you take advantage of currently available tax deductions and credits to protect business income while maximizing the other aspects of small business taxes. is a practical guide that shows you how your actions today will affect the results of his business tomorrow from a tax perspective.
key points
- can help you optimize your tax savings and minimize your audit exposure.
- help you with the 2020 tax filing process and assist you with 2021 tax planning.
- offers you the most relevant information as it is updated every year.
#4 – simplified taxes
by mike piper
about the book
The book explains the most complex and essential tax matters in the simplest way. While it covers the basics of deductions, credits, and contributions for retirement, it avoids being too detailed and academic.
book review
The most striking feature of the book is its size: it is short, succinct and to the point. the author does an excellent job of breaking down complex concepts into simple, easy-to-read units. however, he avoids going into too much detail about deductions and credits and gives prompt answers to most questions. This book is a must for people who want to learn about filing taxes. however, it should be noted that he will not make you a specialist as he does not provide advanced knowledge on any of the topics. In short, if you are a newbie, then it can be a great introduction for you to the world of taxes.
key points
- This should be a first read for people unfamiliar with taxes.
- Simple vernacular makes it easy for readers to understand.
- It can help you to understand the language of your tax advisor, but it is not a substitute for professional help.
#5 – 475 tax deductions for companies and freelancers
by bernard b. kamoroff
about the book
See Also: The Top Six Books Getting Banned by Conservative School Districts
The book discusses a broad spectrum of business tax topics, including the various expense categories.
book review
The book guides you through the tax filing process regarding tax deductions and credits. The author states that it is his duty as a taxpayer to do his basic homework on available tax deductions to submit a list of applicable deductions to the CPA for further processing. The bottom line is that if you don’t claim deductions, you just don’t get them. This book can be a good starting point for you if you have no idea what a tax deduction or credit is. the explanation is very simple, to the point, and easy to understand. the layout is also quite simple and easy to navigate.
key points
- /li >
#6-k. Lasser’s 1001 Tax Deductions and Exemptions: Your Complete Guide to Everything Deductible
by barbara weltman
Giving away all your tax dollars is foolish. why not read this best tax book instead?
book review
As the title suggests, you’ll get everything you need to know about taxes in this book. you and your family, your home, your car, job or business, even loss or insurance for accidents and theft, you will know everything and how you can save money and the deductions available under these headings. the book is very well organized for you to find a particular deduction for your situation. and it’s only 480 pages long.
key points
- This book should be used by everyone who wants to save on taxes in 2016-17.
- It will help you understand the why of taxes and where you can save taxes.
- the information available in this book would be immediately applicable. so you don’t need to go to a tax advisor to find out where you would get tax deductions.
#7 – corporate tax basics (university casebook series)
by stephen schwartz & daniel lathrope
It is used as a textbook in university classes. you can take advantage of all its benefits just by buying it.
book review
Don’t go by their words. the words of this edition are not as lucid as you would like. but it’s not about the words that make the book count. is the information provided in it. Many people who have read this book have mentioned that it has worked as an advisor in all their tax matters. In addition, this book has given you cases of which the examples are shown. cases help students understand a scenario better than anything else.
key points
- This publication is 756 pages long and includes everything you need to know about corporate taxes.
- This book will help you understand the cases along with the basics.
#8 – federal income tax essentials for individuals and businesses
by linda m. johnson
If you’re worried about harsh tax language, pick up this book. it’s insightful, easy to read, and will guide you to take control of your taxes.
book review
People who have read this book have mentioned that if you read it from cover to cover, you will be able to file your own taxes and understand taxes as if you had years of tax training. the basic reason behind this is that it covers everything that is relevant to you as an individual and to businesses.
key points
- if you are looking for a book for your college tax education, this is the book to go for.
- this book will help you learn taxes like a student and guide you to understand each part of federal taxes.
#9 – southwestern federal taxes: individual income taxes
by william h. Hoffman, James C. young, william a. Raabe, David M. Maloney & annette nellen
We all know that taxes are boring. But if you read this book, you’ll find out why taxes can be interesting.
book review
This book is particularly useful for those who wish to understand federal taxes for individual purposes. If you don’t want to hire a tax consultant to file your return, you can read this book for yourself. or you can also help others and how they could manage their returns by reading this book. this is a good book, but sometimes, you can feel stuck under the heap of information. learn slowly and you will enjoy the material.
key points
- It is very useful for individual taxation. so if you think you need to know individual income taxes in depth, read this book.
- this book can be rented if you’re in college, and you can return it when you’re done with the semester.
#10 – taxation principles for business and investment planning
by sally jones & shelley rhoades-catanach
This book is particularly useful for people who are more interested in business and investment planning. check out the review and top takeaways to find out more.
book review
See Also: Jennifer McMahon – Book Series In Order
Most people feel that taxation is boring because there are very few books that can concentrate on all the fundamental aspects in a summarized way. but in this book you will get all the summary of the tax fundamentals, which will help your understanding and application. furthermore, it is written in a very lucid language and the chapters are short.
key points
- there are two opposites that are well organized here. the first taxation is dry. if you don’t have short chapters, it would be difficult for regular readers. the second taxation needs readers to dig deeper. and without explanation, the topic would not make any sense. this publication has done both adequately.
- can be used as a primary textbook in college.
#11 – examples & explanations: corporate taxes
by cheryl d. block
If you’re looking for a tax book for dummies, this is the book for you.
book review
This book has been read and revered by many college students. have mentioned that it has helped them learn taxes in a new way. this tax edition is crisp, to the point, and acts as an excellent substitute for any gross corporate taxcorporate taxcorporate tax is a tax levied by the government on the profits made by a company at a fixed rate each year and is calculated in accordance with specific tax regulations. read more book you would like to read. In addition, it has included several practical cases so that students can relate to what they are learning. Not only tax students, but also law students can greatly benefit from this book.
key points
- The best part of this book is the diagrams used in it. they are very informative and will help the student to review the concepts very well.
- You will not only learn concepts from this book; rather, you could also apply the concepts in real life.
- You could also use lots of examples to crystallize your understanding.
#12 – international taxation in a nutshell
by richard doernberg
This book would be a great addition to your tax library. check out the review and top takeaways to learn more about the book.
book review
not only has it helped many students learn about international taxation, but it has also helped them in tax planningtax planningtax planning is the process of minimizing tax liability by making the best use of all deductions, allowances, returns , thresholds, etc as permitted by income tax laws and regulations imposed by the government of a country. contributes to better management of cash flow and liquidity for taxpayers, as well as better retirement plans and investment opportunities.read more. And the students who have read this book come from college students to professionals from many different backgrounds. Furthermore, it is a very easy read and acts as a great legal supplement if you are studying law. if you are having problems with international taxation it would also help as a great reference book and could also help you prepare for your exam.
key points
- If you are involved in any business, it is of the utmost importance that you understand the flow of taxes across borders. and this book will help you do it.
- This book will not only help students understand concepts, but it will also help them pass exams.
- This book is comparatively very economic. if you compare the value with the price.
#13 – federal taxes: basic principles
by ephraim p. Smith, Philip J Harmelink & James R. hasselback
This edition is written in such a way that students will benefit greatly from the approach.
book review
If you’re a finance or law student, you know how frustrating it gets when trying to study taxes. most of the books are too technical and written in such a way that a student cannot digest even the parts of the books. but this book is the exception. it is designed in such a way that you will be able to digest the whole book in a short period of time. You would learn most of the tax codes that you need to learn because this book has explained the tax codes in a very logical way. and the entire book is organized according to a flowchart, which will help you understand chapter after chapter without missing anything in between.
key points
- It is particularly useful for students who are beginners. If you are new to taxes, this book will help you understand taxes from the fundamental level. Even with the help of this book, you will be able to learn how to file taxes.
- Once you purchase this book, you will be provided with the free tax code, which will help you understand the basics of tax codes. Very good.
- The book is very lucidly written and the chapters are very well organized.
#14 – federal income tax (series of concepts and points of view)
by marvin chirelstein & lawrence zelenak
This is a perfect guide for students who want to make their mark on the exam. read the review and top takeaways to find out more.
book review
Why do students struggle with the tax laws? because there are not many books that can explain tax laws well (ie extensive with examples). Since this publication is designed for students, it will help you learn the fundamental tax laws in a clear-headed way. students who have read this book have mentioned that if they want to read only one book on this topic, let it be this book. he has explained everything lucidly; however, it is not verbose and does not deviate from the topics while describing.
key points
- This edition is reasonably priced. if you compare the value you are providing; the price will not seem very high. You can even rent this book as a companion to your current textbook.
- As mentioned above, it is most useful for students who have a background in finance, law, or taxation.
#15 – the best zero tax planning tools
how to maximize tax-efficient lifetime income, transfers to heirs, and donations to favorite charities
by tim voorhees
This book has a different scope. it is particularly useful for those who want to maximize their income.
book review
This book is written for one purpose only, and that is why it cannot be called a textbook. it is written to teach you the secret of passing on wealth and preserving wealth. By reading this, you can ensure that your next generation can enjoy the wealth you have created for them. and it is very easy to read. you could read this book in a few hours (only 133 pages book).
See Also: Mary Stewart – Book Series In Order
key points
- This is a helpful book with no flowery language and is for the sole purpose of helping you preserve and pass on your wealth to the next generation.
- Even professionals who are tax planners can also use this book to help your high net worth customers.
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