Tax Planning for Real Estate Investors by James B. Kau & C.F. Sirmans (Prentice-Hall Inc., $9.95, 258 pages) explains how real estate investors can reduce their tax bills under the current (1984) tax laws. There is a good chance that the 1984 Tax Reform act will be scrapped or extensively modified in the upcoming congressional session, but it's still the law. This is a highly technical book, probably more suited to experienced investors or their accountants than to the novice. Still, it might be worth the investment if you're contemplating investing in real estate tax shelters.
Buying Professional Services (Community Assns. Institute, CAI Publications, 1423 Powhatan St., Suite 7, Alexandria, Va. 22314, 22 pages, $9.50 plus $2.50 shipping and handling) guides officers of a common interest association through the process of selecting an attorney, an accountant, an insurance agent or an engineer. The guide should be useful to members of condominium and similar homeowners associations.
Estate Planning for California Residents by Milton Berry Scott (Commerce Clearing Housing, Chicago, 272 pages, $15) is written by a California attorney and provides basic advice on estate planning. The book is written in non-technical language and deals with property ownership, wills, probate, federal income taxes, trusts, gifts, life insurance and other related matters.