Make 2008 the year you pay zero taxes!Fully updated to include all the latest tax law changes, How to Pay Zero Taxes outlines the easiest, most practical strategies you can use to lower your taxes this year, next year, and beyond. From converting personal expenses into business expenses to avoiding or surviving an IRS audit, Jeff Schnepper's guide comprehensively covers more deductions than any other tax book, all conveniently organized in six fast-access categories: exclusions, credits, "above-the-line" deductions, "below-the-line" deductions, traditional tax shelters, and supertax shelters.In the 2008 edition you will find coverage of:The new 2007 tax lawsCredits and deductions for higher education expensesThe special capital gains and dividends rulesIncreased dependent care and "kiddie" tax creditsCoverdell Education Accounts for elementary and secondary school expensesIncreased IRA and retirement plan limitsHome equity loansReal estate trustsTheft and casualty lossesEducational and ROTH IRAsDivorce and separation costs