Deduct It

Author: Stephen Fishman
Publisher: Nolo
ISBN: 9781413324143
Release Date: 2017-12-14
Genre: Business & Economics

Reduce your taxes Completely updated for 2017 returns! Deduct It! shows you how to maximize your business deductions quickly, easily and legally. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over. It covers deductions for: start-up and operating expenses travel, meals, and entertainment home offices medical expenses under Obamacare equipment and inventory and more. Deduct It! shows you how to avoid problems with the IRS, such as having your business classified as a hobby. Whether your enterprise is just starting or well established, this book is indispensable to your financial success. Includes the top and most valuable business deductions and how to claim them.

Tax Deductions for Professionals

Author: Stephen Fishman
Publisher: Nolo
ISBN: 9781413324600
Release Date: 2018-01-30
Genre: Business & Economics

The book is organized into practical, easy-to-use categories of the most commonly-used business deductions for professionals who own their practice. It covers start-up expenses, health care costs, continuing education, professional fees, home office, and more.

Home Business Tax Deductions

Author: Stephen Fishman
Publisher: Nolo
ISBN: 9781413324150
Release Date: 2018-01-30
Genre: Business & Economics

This book has everything home business owners need to know to make sure they take advantage of all the business deductions they are entitled to take. The book is organized into practical, easy-to-use categories of the most commonly used home business tax deductions that not only explain the deductions, but also how to make decisions so home business owners can take advantage of them. Includes lots of interesting and relevant examples that make the book easy to read and understand.

Tax Strategies for the Small Business Owner

Author: Russell Fox
Publisher: Apress
ISBN: 9781430248439
Release Date: 2014-03-18
Genre: Business & Economics

Tax Strategies for the Small Business Owner: Reduce Your Taxes and Fatten Your Profits will help the small business owner increase profits while feeling more comfortable dealing with taxes. It begins by looking at the often overlooked critical decision small business owners face when they start a business: the choice of business entity. The book then examines all the deductions that a business owner can take legally to reduce taxes. It also provides advice business owners need to make good tax-related decisions: Should I lease or buy? Should I hire an employee or outsource the task? How much will buying a building reduce my taxes and for how long? Many people freeze up when they are forced to prepare or even think about taxes. Some receive a notice from the IRS and put it aside: They’re too scared to open it! Yet taxes for the most part follow common sense rules. You just need to know what they are and how they affect your decisions. In this book, readers will learn about the different business entities, the different taxes you must deal with (primarily income taxes), documentation procedures, how to work with a tax professional, how to handle an audit, and, in general, how to use the U.S. Tax Code to your advantage. Among other things, readers learn to take full advantage of tax benefits and avoid potholes hidden in things like: Startup and ongoing expenses Cost of goods sold Depreciation Payroll Retirement plans In short, Tax Strategies for the Small Business Owner will not only help you relax when you deal with your taxes—it’ll show you how to use tax law to your financial benefit.

The Real Estate Agent s Tax Deduction Guide

Author: Stephen Fishman
Publisher: Nolo
ISBN: 9781413320022
Release Date: 2013-09-12
Genre: Law

Understanding tax deductions can be the difference between having a successful year or not for real estate agents and brokers. By taking advantage of the many tax deductions available to them, real estate professionals can end each year with more money in their pockets and less owed to the IRS. Too often, these valuable deductions are overlooked, even though it's easy to take advantage of them once you understand the rules. This book explains all you need to know in plain English with lots of examples and practical information. Learn about the most important deductions and how to plan and track your expenses all year so you avoid problems with the IRS. The information is organized into categories that explain the rules for each type of deduction, including: - start up expenses - operating expenses - home and outside office - health care - vehicles and travel - entertainment and meals - and many more It also explains essentials like depreciation deductions, deducting losses, and keeping proper records.

Small Business Taxes For Dummies

Author: Eric Tyson
Publisher: John Wiley & Sons
ISBN: 9781118807224
Release Date: 2013-01-11
Genre: Business & Economics

Are you a small business owner taxed by taxes? Not being up-to-speed on tax rules and strategies can lead to mistakes that cost business owners thousands of dollars in fines and penalties every year. Small Business Taxes For Dummies assists both current and aspiring small business owners with important tax planning issues. For the estimated 21 million small business owners in the U.S., the nation's tax codes continue to change and increase in complexity. Small Business Taxes For Dummies arms you for important tax planning issues, including: year-round tax planning tips and expense tracking advice; small business decisions and expense basics; business use of your home and self-employment taxes; creating an ongoing tax routine; dealing with the IRS and where to find help; navigating audits and notices; and more. Guides you through the current tax laws and ensures that you understand your rights and obligations Helps small business owners save time and money Empowers you to understand and prepare your own tax documents The expert tips and advice presented in Small Business Taxes For Dummies are for the millions of small business owners like you searching for a guide to the latest tax codes and regulations.

Taxpertise

Author: Bonnie Lee
Publisher: Entrepreneur Press
ISBN: 9781613080498
Release Date: 2009-07-01
Genre: Business & Economics

Taxpayer champion and enrolled agent Bonnie Lee puts the IRS under the microscope and uncovers proven methods, and surprisingly simple strategies to minimize your taxable income, maximize deductions, and, ultimately—add thousands back to your business’ bottom line! Do you owe an insurmountable sum to the IRS? Pay pennies on the dollar. Secret formula the IRS uses to determine an acceptable offer is revealed—Page 246 Save tax dollars simply by reorganizing your workspace—Page 17 Stuff tax dollars back into your pocket by fixing errors on your balance sheet—Page 50 Eat tax-free! Some meal expenses are 100 % deductible. Find out what qualifies—Page 56 Got a great hobby you’re turning into a bona fide business? Deduct the losses by following these guidelines—Page 99 Is your home office a red flag?—Page 107 You inherited Grandma’s house. Do you have to pay taxes on it?—Page 121 Can you write off your clothing?—Page 133 Under IRS audit? Learn “audit speak” to deal effectively with the IRS—Page 215

422 Tax Deductions for Businesses Self Employed Individuals

Author: Bernard B. Kamoroff
Publisher: Bell Springs Pub
ISBN: 0917510194
Release Date: 2000-11-01
Genre: Business & Economics

A fully revised and updated guide for independent professionals and contractors, freelancers, and home and Internet businesses lists hundreds of legitimate, commonly overlooked tax breaks. Original.

Small Business Tax Deductions Revealed

Author: Wayne Davies
Publisher:
ISBN: 1535296976
Release Date: 2016-07-28
Genre:

Tired of paying so much tax to the IRS? You are not alone! Small business owners and self-employed people are overpaying their taxes by millions of dollars every year. Tax pro Wayne Davies provides the tax reduction strategies you need to substantially lower your taxes. Read this book to discover 29 perfectly legal tax deductions you can use without any fear of the IRS. Here you'll find the answers to these questions:What is the easiest way for a Small Business Owner/Self-Employed Person to lower your taxes? This tax strategy is so simple you'll be wondering why you haven't been using it for years. Are you paying yourself the "right way" or the "wrong way"? Self-employed people are notorious for compensating themselves in a way that actually increases their taxes. Learn this tax tip and you'll know how to pay yourself so that you pay less tax, not more. Do you know how to turn non-deductible personal medical expenses into a legitimate business expense? Most taxpayers can never write off medical expenses. This deduction changes that. Do you know how to convert taxable income into tax-free income? Yes, it can be done. . . legally! Are you deducting your commuting miles? Most business owners don't. This book will show you how to do it without worrying about an audit. This deduction alone could save you a bundle. Readers love the "plain English" writing style of author Wayne Davies. "This book is clear and concise. It's as simple as tax talk can possibly be." "I've never seen so much great tax info distilled into simple, even entertaining explanations." "No technical gobbledygook, just excellent information you can use immediately."

Write It Off Deduct It

Author: Bernard B. Kamoroff
Publisher: Taylor Trade Pub
ISBN: 1630760692
Release Date: 2015-01-12
Genre: Business & Economics

Are you paying more taxes than you have to? The IRS is certainly not going to tell you about a deduction you failed to take, and your accountant won't catch everything. This invaluable book not only lists the individual items that are deductible in your home-based business—from utilities to that part of the home where you work—but also explains where to list them on your income tax form.

Lower Your Taxes Big Time 2009 2010 Edition

Author: Sandy Botkin
Publisher: McGraw Hill Professional
ISBN: 9780071702607
Release Date: 2009-07-17
Genre: Business & Economics

"Almost every American can get a raise of $3,000-$15,000 or more annually courtesy of the United States Government." -David D'Arcangelo, author of Wealth Starts at Home "Will put thousands of dollars in your pocket every year and teach you, in clear simple steps, how to audit proof your records from the IRS forever." -Mark Victor Hansen, co-creator, #1 New York Times best-selling series Chicken Soup for the Soul® The classic tax-relief guide--updated to help you save more than ever! The amount Americans pay in taxes exceeds all other expenses combined. And with the economic downturn taking its toll on small businesses around the country, taxes are a greater financial burden than ever before. Lower Your Taxes-Big Time, 2009-2010 shows consultants, business owners, and contractors how to slash their tax bills by thousands. Written by Sandy Botkin, CPA and former attorney for the IRS, this informative and engaging book explains how to Get a yearly subsidy of $5,000 or more back from the IRS Properly document your business deductions Avoid any future audits by the IRS Deduct the equivalent of your child's education, braces, or wedding Take advantage of tax-free fringe benefits available to small businesses

J K Lasser s Small Business Taxes 2018

Author: Barbara Weltman
Publisher: John Wiley & Sons
ISBN: 9781119380412
Release Date: 2017-10-16
Genre: Business & Economics

Maximize your bottom line with the nation's most trusted small business tax guide J.K. Lasser's Small Business Taxes 2018 is the small business owner's ultimate guide to a money-saving, stress-free tax season. Providing straightforward advice from the nation's most trusted tax expert on small business taxes, this book gives you the answers you need quickly, with clear, concise guidance. Updated and expanded to cover new and changing tax law, this edition also includes an e-supplement covering the latest developments from Congress and the IRS to keep you fully up-to-date. A complete listing of all available business deductions and credits helps you identify those you qualify for, and includes critical information on dollar limits, recordkeeping requirements, and how to actually take the write-off—all the way down to which line on which form. Organizational and planning strategies help you get through the process quickly and with fewer headaches, and this year's changes to the tax laws are explained in terms of how they affect your filing. Keeping up with the intricacies of tax law and filing is a full-time job—but it's not your full-time job. You have a business to run. This book gives you the guidance you need in the time that you have so you can get taxes out of the way and get back to work. Learn which expenses qualify for deductions—and which ones don't Adopt a more organized recordkeeping system to streamline the filing process Explore small-business-specific strategies for starting or closing a business, running a sideline business, and operating in multiple businesses Decode the various forms and worksheets correctly with step-by-step guidance Review obligations for the 'other taxes,' including payroll and excise taxes Every year, millions of small business owners overpay their taxes because they lack the time and expertise to make tax-sensitive business decisions throughout the year only to learn that it's too late to act when it comes to tax time. Now you can put your money back where it belongs—in your business. J.K. Lasser's Small Business Taxes 2018 helps you take wise actions during the year and tells you how to file completely and accurately while maximizing your bottom line.

Easy Ways to Lower Your Taxes

Author: Sandra Block
Publisher: Nolo
ISBN: 9781413315387
Release Date: 2008-10-03
Genre: Business & Economics

Reduce your taxes with great tips in plain English. While many tax books claim they can sharply reduce or eliminate your tax burden altogether, too often their dubious methods apply to nearly no one -- or their accounting schemes run the risk of drawing unwelcome IRS scrutiny. Easy Ways to Lower Your Taxes provides legitimate tactics and useful insights that can really lower your tax bill without running afoul of the IRS. Learn more about tax planning: Get a lower tax rate Boost your tax-free income Defer paying your taxes Make the most of deductions Take advantage of exemptions Identify and use credits Shift income to other taxpayers -- legally Each rule is accompanied by excerpts, strategies, ideas, and real-world examples, plus information on retirement plans, home mortgages, student loans, charitable contributions, medical expenses, dependents -- even businesses that never get started! You'll save big with the simple strategies found in Easy Ways to Lower Your Taxes.

The Tax and Legal Playbook

Author: Mark J. Kohler
Publisher: Entrepreneur Press
ISBN: 9781613083055
Release Date: 2015-04-20
Genre: Business & Economics

The Tax and Legal Playbook: Strategies that Save You Time and Money CPA and Attorney Mark J. Kohler answers the leading tax and legal questions facing small business owners, across all stages of business, and delivers a comprehensive playbook of clear-cut truths, thought-provoking advice, and underutilized solutions to save you time, money, and heartache. You can read this book straight through or as a reference guide—reading the chapters as needed to answer the questions as they arise. You’ll come away wiser and better equipped to make the best decisions for your business, your family, and yourself. Covers: • The ins and outs behind fundamental business decisions • Underutilized tax and legal strategies that can save you thousands • Picking the right legal entity for your business • Common legal scams and deceptions to avoid • Protecting your assets and planning for retirement • Issues are illustrated with entertaining, real-world examples