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CPA Cagan (
Starting a Business 101) brings more than 20 years of tax experience to this excellent introduction to the U.S. tax system. In eight engaging and highly informative chapters, her book details the laws, theories, and history of taxes; provides tips for managing or minimizing tax burdens; and shares strategies on for improving financial wellness. This is not a step-by-step guide on how to complete a 2024 tax return. Instead, it is an overview of how the U.S. tax system evolved and how readers can make it work for them. Cagan’s explanations of complex terms, tips on estimating taxes, and advice for dealing with the IRS are outstanding. The sections that outline where tax dollars go and the formulas various levels of government use to impose and allocate tax revenue also stand out. Cagan astutely addresses related topics as well, such as identity theft and managing taxes associated with a new business. The writing is clear, descriptive, and succinct, breaking down complex material in a way that’s easy to understand.
VERDICT A practical, exceptionally helpful guide with exceptional examples and expert insights on taxes.