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.

Home Business Tax Deductions

Author: Stephen Fishman
Publisher: Nolo
ISBN: 9781413324167
Release Date: 2018-01-15
Genre: Business & Economics

Pay less to the IRS Completely updated for 2017 returns! For any home business, claiming all the tax deductions you are entitled to is essential to your business 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 (using new IRS rules) vehicles and travel expenses entertainment and meals medical expenses under Obamacare, 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. Includes the top most valuable home business deductions and how to claim them.

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.

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

The Small Business Owner s Tax Guide

Author: Katryna Johnson
Publisher: Createspace Independent Pub
ISBN: 1479116254
Release Date: 2012-08-14
Genre: Business & Economics

Taxes, taxes, taxes. They are a fact of life, especially a business life. Many small business owners overpay taxes each and every year because they are not educated on all of the possible allowable tax deductions they can take. They don't plan their expenses properly to maximize their deductibility. No one should overpay taxes -- ever. The tax laws are meant to be followed, just like any other law, so if you are allowed to take a deduction, doesn't it make sense that you would take it?The wealthy pay a lot less in taxes than you do because they know the rules. And the biggest rule of all is:you need to own a business and then take full advantage of the tax savings allowed. Why don't you? Because you haven't learned the rules. That ends today. Here's a book, written in easy-to-understand English (not IRS double-speak) that explains many of the rules and gives you tips and suggestions on how you, too, can deduct, deduct, deduct.Do you work out of your home? Are you clear on how to qualify for the home office deduction? Are you deducting a proportion of every expense that could be allocated to your business? The IRS reports that there over 300 expense categories for a home office, but most businesses take less than 20 deductions.The IRS says all “ordinary and necessary” expenses you incur in operating your business are tax deductions. Interestingly enough, the IRS has never actually defined “ordinary” or “necessary.” So sometimes only the actual business owner can know if the expense is ordinary and necessary. Proper record-keeping and having the right tax-saving mindset can help you maximize the value of your tax deductions, tax credits, and tax deferral strategies, dramatically increasing your savings.It's your money. Learn how to keep more of it in your pocket. (Oh, and the cost of this book … it's deductible!)

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.

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.

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.

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.

Lower Your Taxes BIG TIME 2017 Edition Wealth Building Tax Reduction Secrets from an IRS Insider

Author: Sandy Botkin
Publisher: McGraw-Hill Education
ISBN: 1259859924
Release Date: 2016-12-09
Genre: Business & Economics

Completely revised and updated for 2017—the must-have resource for saving thousands of dollars at tax time! Whether you’re a consultant, small-business owner, or independent contractor, you want to keep more of what you earn. Lower Your Taxes—Big Time! 2017 provides everything you need to know about saving money on April 15—and every other day of the year. Sandy Botkin has taught hundreds of thousands of taxpayers how to save over $300 million on their taxes with his Tax Reduction Institute seminars. Now, the acclaimed tax expert shows you how to legally and ethically take advantage of the tax system to get a yearly subsidy of $5,000 or more back from the IRS—and bulletproof your records forever. Packed with money-saving strategies, this essential guide includes: • Advice on properly documenting any business deduction • Expert guidance for getting big tax subsidies for starting a home business • Legitimate ways to turn tuition, entertainment, orthodontia, vacations, and other expenses into huge deductions • Important information on small-business tax changes and extensions recently passed by the American Taxpayer Relief Law, and more • Latest tax law changes arising from the Protecting Americans From Tax Hikes Law

Every Airbnb Host s Tax Guide

Author: Stephen Fishman
Publisher: Nolo
ISBN: 9781413324570
Release Date: 2017-11-30
Genre: Law

The complete tax guide for Airbnb and other short-term rental hosts As a short-term rental host, you’re entitled to many valuable deductions and other tax benefits. This book—the first of its kind—shows you how to pay no more tax than necessary on your rental income while complying with IRS rules. Learn everything you need to know about taxes, including: what deductions you should be taking how to report your short-term rental income how to deduct losses vacation home and tax-free rental rules how to allocate costs when you rent a room in your home, and how to keep proper records. Whether you rent your property through Airbnb, FlipKey, HomeAway, TripAdvisor, Craigslist, or VRBO, you want to make sure you understand these tax rules. That way, you can rest assured you are making the most out of your hosting business without risking problems with the IRS.

Tax Savvy for Small Business

Author: Frederick W. Daily
Publisher: Nolo
ISBN: 9781413319477
Release Date: 2013-11-12
Genre: Business & Economics

The essential small business tax strategy book for the savvy entrepreneur Named "Best Tax Book" by Entrepreneur magazine Understanding the tax system is vital to the health of every small business. Virtually every decision a business makes has tax consequences that can affect its bottom line and the IRS is always watching. Develop the best tax plan for your small business, learn the ins and outs of the tax code, and create comprehensive strategies to get back the most from the IRS with this all in one guide. Tax Savvy for Small Business provides essential information that will free up your time and money for what counts running your business effectively. Completely updated for 2013 returns, it explains how to: - choose the best business entity - deduct current and capitalized expenses - write off long term assets - keep records that will head off trouble with the IRS - get tax breaks from business losses - deal with payroll taxes - negotiate payment plans for late taxes - handle an audit - get IRS penalties and interest reduced - maximize retirement funds - take advantage of fringe benefits - use retirement funds as a tax break This edition of Tax Savvy for Small Business is completely updated and provides the latest tax breaks, rules, forms, and publications, including substantive changes and the latest tax numbers for 2013 returns.

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.

J K Lasser s 1001 Deductions and Tax Breaks 2017

Author: Barbara Weltman
Publisher: John Wiley & Sons
ISBN: 9781119249085
Release Date: 2016-10-03
Genre: Business & Economics

The complete guide to all deductions and credits for individual taxpayers J.K. Lasser's 1001 Deductions and Tax Breaks shows you just how much money you can save on your taxes—legally—simply by taking advantage of what's out there. Millions of Americans overpay their taxes by billions of dollars every year, because constantly evolving laws and regulations make keeping track of deductions and breaks next to impossible for the everyday taxpayer. This book helps you put a stop to overpayment so you can keep more of your hard-earned money. J.K. Lasser has compiled a complete list of every possible deduction and credit available to American taxpayers, and provides clear, easy-to-follow instructions for claiming what is rightfully yours. Fully updated to reflect the latest rulings and laws—including an e-supplement with the latest tax developments from the IRS and Congress—this book answers all of your "Can I claim..." questions with guidance from the nation's most trusted tax advisors. Many taxpayers are so afraid of an audit that they fail to take advantage of perfectly legal write-offs. You are entitled to this money. Tax breaks and deductions are written into tax law to help everyday Americans like yourself keep more of what you've earned. This book is your ticket to a streamlined filing and potentially substantial savings. Identify all deductions that apply to your situation Find the most up-to-date requirements for your 2016 filing Mine your expenses, business, and job for deduction opportunities Learn how to claim deductions and breaks correctly Forget complex tax strategies, and don't bother trying to game the system. The opportunities to save are all laid out in black and white, and J.K. Lasser has parsed the fine print so you don't have to. J.K. Lasser's 1001 Deductions and Tax Breaks is the definitive guide to filing your 2016 taxes with a smile.