A tax deduction guide just for professionals
Keep your taxes under control! Architects, lawyers, dentists, chiropractors, doctors, and other licensed professionals are subject to special tax rules. With this book, learn how to pay less to the IRS at tax time by taking advantage of the many tax deductions available to professionals.
Find out how to deduct:
- start-up expenses
- medical expenses
- retirement plan contributions
- continuing education costs
- vehicles, meals, and travel, and home office expenses.
Tax Deductions for Professionalswill also help you choose the best legal structure, with detailed information on limited liability companies, partnerships, and professional corporations.
This new edition is updated to cover changes under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
Table des matières
Introduction 1. Tax Deduction Basics 2. Choice of Business Entity 3. Operating Expenses 4. Meal and Entertainment Expenses 5. Car and Local Travel Expenses 6. Long Distance Travel Expenses 7. The Home Office Deduction 8. Deductions for Outside Offices 9. Deducting Long-Term Assets 10. Start-Up Expenses 11. Medical Expenses 12. Retirement Deductions 13. Inventory 14. More Deductions 15. Hiring Employees and Independent Contractors 16. Professionals Who Incorporate 17. How You Pay Business Expenses 18. Staying Out of Trouble With the IRS 19. Record Keeping and Accounting 20. Help Beyond This Book 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.