Pay less to the IRS
For any home business, claiming all the tax deductions you are entitled to is essential to your business’s financial success. Don’t miss out on the many valuable deductions you can claim.Here, you’ll find out how to deduct:
- start-up costs
- home office expenses
- vehicles, meals, and travel expenses
- medical expenses, and
- retirement expenses.
You’ll also learn how to keep accurate, thorough records in case the IRS ever comes calling. Easy to read and full of real-life examples, this book can help you take advantage of all the valuable deductions you are entitled to.
The 18th edition covers amended and extended tax laws for business owners affected by the coronavirus (COVID-19) pandemic.
Table des matières
Introduction
1. Some Tax Basics
2. Is Your Home Really a Business?
3. Getting Your Business Up and Running
4. Home Business Operating Expenses
5. Deducting Long-Term Assets
6. The Home Office Deduction
7. The Pass-Through Tax Deduction
8. Getting Around Town: Car and Local Travel Expenses
9. Leaving Town: Business Travel
10. Inventory
11. Hiring Help: Employees and Independent Contractors
12. What if You Get Sick? Deducting Medical Expenses
13. Deductions that Can Help You Retire
14. More Home Business Deductions
15. Record Keeping and Accounting
16. Businesses Owned by Spouses
17. Eight Tips for Avoiding an IRS Audit
Index
A propos de l’auteur
Stephen Fishman has dedicated his career as an attorney and author to writing useful, authoritative, and recognized guides on business, taxation, and intellectual property matters for small businesses, entrepreneurs, independent contractors, and freelancers. He is the author of 20 books and hundreds of articles, and has been quoted in The New York Times, Wall Street Journal, Chicago Tribune, and many other publications. Among his books are Every Landlord’s Tax Deduction Guide, Deduct It! Lower Your Small Business Taxes, and Working for Yourself: Law & Taxes for Independent Contractors, Freelancers & Gig Workers of All Types, published by Nolo. He is a two-time recipient of the Independent Book Publishers Association’s Benjamin Franklin Award.