This work offers strategies from an IRS insider for slashing taxes, maximizing legal deductions, avoiding audits, and more. It is completely updated for all of the new 2005 and 2006 Tax Laws! Through his years as an IRS tax attorney, Sandy Botkin discovered that most Americans could legally - and dramatically - cut their tax bills by establishing themselves as independent contractors or businesspersons. In "Lower Your Taxes - Big Time!", fully updated for 2005 and 2006, Botkin explains how, outlining a straightforward program for writing off everything from family vacations to movies and plays, and receiving a subsidy of $5,000 or more from the IRS each and every year. From tips for launching a business to strategies for audit-proofing a return, "Lower Your Taxes - Big Time!" is a gold mine of information for every frustrated taxpayer. Tax-cutting strategies include: how, why, and when to incorporate Fail-safe methods for deducting a home office and family car; simple but essential record-keeping tips; tax advantages of being a consultant, independent contractor, or independent businessperson.