Deduct It!

Lower Your Small Business Taxes
Author: Stephen Fishman
Publisher: Nolo
ISBN: 1413325718
Category: Business & Economics
Page: 432
View: 8382
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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. If the tax laws change, we will post updates on a special page on Nolo.com. That way, you’ll always have access to up-to-date information if there are significant changes to the law. All the information in the book remains up-to-date for the 2017 tax year. The changes brought about by the Tax Cuts and Jobs Act all take effect in 2018, except for an increase in bonus depreciation which took effect September 27, 2017. Anyone who purchases the book has access to an update page on the Nolo website specific to this book which explains the 2017 bonus depreciation change and summarizes how the new tax law affects small business owners’ taxes for 2018 and later. A new edition of the book, completely updated for the new tax law, will be published August 1, 2018.

Home Business Tax Deductions

Keep What You Earn
Author: Stephen Fishman
Publisher: Nolo
ISBN: 1413325750
Category: Business & Economics
Page: 488
View: 7426
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Understanding tax deductions is an essential part of any home business—without the money saved by taking deductions, many home businesses couldn’t get started or operate profitably. Home Business Tax Deductions covers all you need to know about the new tax laws to make sure you that you are taking advantage of all the tax deductions to which you are entitled. Practical and organized by chapter into the most commonly used home business tax deductions, this book shows how to plan for and take advantage of the tax breaks available to home business owners. From home office expenses to start-up expenses to health care costs to travel, and meals, this book shows home business owners how to deduct their business-related expenses and pay less to the IRS.

Tax Deductions for Professionals

Pay Less to the IRS
Author: Stephen Fishman
Publisher: Nolo
ISBN: 1413325734
Category: Business & Economics
Page: 536
View: 5720
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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 valuable tax deductions you are entitled to take. Find out how to deduct: start-up expenses medical expenses under Obamacare retirement plan contributions continuing education costs vehicles, meals, and travel, and home office expenses. Tax Deductions for Professionals will also help you choose the best legal structure, with detailed information on limited liability companies, partnerships, and professional corporations. This edition includes comprehensive coverage of the new tax law (the Tax Cuts and Jobs Act) and how it affects professionals who have a business or are thinking of starting one.

Every Landlord's Tax Deduction Guide


Author: Stephen Fishman
Publisher: Nolo
ISBN: 1413323316
Category: Business & Economics
Page: 528
View: 5389
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"Covers IRS rules for Airbnb-type rentals"--Front cover.

Deduct It!

Lower Your Small Business Taxes
Author: Stephen Fishman
Publisher: N.A
ISBN: 9781413324136
Category: Business & Economics
Page: 536
View: 2642
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This book explains everything small business owners need to know to take advantage of all the deductions they are entitled to. The book is organized into practical, easy-to-understand categories of the most commonly used business deductions. It includes lots of interesting and relevant examples so readers can see how the deductions work and the context they come up in.

Small Business Taxes Made Easy

How to Increase Your Deductions, Reduce What You Owe, and Boost Your Profits
Author: Eva Rosenberg
Publisher: McGraw-Hill Companies
ISBN: N.A
Category: Business & Economics
Page: 262
View: 6418
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The ultimate tax expert shows small business owners how to keep more of what you earn For millions of self-employed Americans, Eva Rosenberg is the go-to person for tax advice. Now, from the woman behind the wildly popular TaxMama.com--named one of the top seven tax advice websites by Inc. magazine--comes the ultimate guide to navigating the tax maze. Small Business Taxes Made Easy walks you through every stage of the process, showing you how to reduce your tax losses at every step. You'll learn: How to set up a business plan that helps minimize taxes The tax benefits of various forms of financing How to spot errors in 1099s and what to do about them Record-keeping techniques that legally increase deductible expenses

Every Nonprofit's Tax Guide

How to Keep Your Tax-Exempt Status & Avoid IRS Problems
Author: Stephen Fishman
Publisher: Nolo
ISBN: 1413324207
Category: Business & Economics
Page: 480
View: 2464
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This book explains the IRS rules that nonprofits must comply with in order to maintain their tax-exempt status. From annual filing requirements to unrelated business income to volunteers to lobbying activities, this book explains what nonprofits need to know to stay out of trouble with the IRS. Practical, easy-to-understand and organized by issue, this book is an invaluable reference guide to complicated IRS rules that every small to medium sized nonprofit need to understand.

Every Airbnb Host's Tax Guide


Author: Stephen Fishman
Publisher: Nolo
ISBN: 1413325521
Category: Business & Economics
Page: 192
View: 4772
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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. All the information in the book remains up-to-date for the 2017 tax year. The changes brought about by the Tax Cuts and Jobs Act all take effect in 2018, except for an increase in bonus depreciation which took effect September 27, 2017. Anyone who purchases the book has access to an update page on the Nolo website specific to this book which explains the 2017 bonus depreciation change and summarizes how the new tax law affects small business owners’ taxes for 2018 and later. A new edition of the book, completely updated for the new tax law, will be published August 1, 2018.

The Small Business Start-Up Kit for California


Author: Peri Pakroo
Publisher: Nolo
ISBN: 1413324770
Category: Business & Economics
Page: 352
View: 1080
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Start a business in California with the best step-by-step guide available! If you dream of starting a business, but fear that without an MBA you'll get lost in the maze of government red tape, this is the handbook you need. The Small Business Start-Up Kit for California outlines how to set up your enterprise in the Golden State quickly and easily, pointing out the hurdles, fees, and essential forms along the way. Clear and straight to the point, the book explains in plain English how to choose between an LLC and other business structures, manage finances and taxes, market your business effectively online and off, and much more!

Easy Ways to Lower Your Taxes

Simple Strategies Every Taxpayer Should Know
Author: Sandra Block
Publisher: Nolo
ISBN: 1413315380
Category: Business & Economics
Page: 288
View: 8334
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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 Small Business Start-Up Kit

A Step-by-Step Legal Guide
Author: Peri Pakroo
Publisher: Nolo
ISBN: 1413324754
Category: Business & Economics
Page: 360
View: 8923
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Start your business with confidence using the best step-by-step guide available! Many people dream of running a business of their own -- but often don't know how or where to start. Sound familiar? This is the book you need. User-friendly and loaded with tips, The Small Business Start-Up Kit shows you how to launch a business quickly, easily, and with confidence. It explains in plain English how to choose between an LLC and other business structures, manage finances and taxes, market your business effectively online and off, and much more.

The Real Estate Agent's Tax Deduction Guide


Author: Stephen Fishman
Publisher: NOLO
ISBN: 9781413317640
Category: Business & Economics
Page: 424
View: 6581
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Provides a complete guide to tax deductions for people in the business of selling real estate, whether as a broker or salesperson.

Tax Guide for Gig Workers


Author: Stephen Fishman
Publisher: Nolo
ISBN: 141332603X
Category: Business & Economics
Page: 95
View: 8959
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Don’t sweat the IRS! The information you need to minimize your taxes and avoid audits. At least 10% of the American workforce are now gig workers who obtain jobs through online hiring platforms like Uber, Lyft, Upwork, TaskRabbit and many others. Gig workers are typically treated as self-employed, which means their taxes are far more complicated than those of traditional employees. Many gig workers lose valuable deductions or otherwise overpay their taxes or get in trouble with the IRS because they don't understand the tax rules that apply to them. Tax Guide for Gig Workers explains: how a gig worker is classified for tax purposes how to pay self-employment and estimated taxes what deductions to take how to lower their taxes by taking advantage of the new 20% pass-through deduction what records to keep, and more. Whether you drive for Uber or Lyft, code for Upwork clients, or perform paid chores through TaskRabbit, this book gives you the practical information you need to minimize your taxes while avoiding problems with the IRS.

Lower Your Taxes - BIG TIME! 2019-2020: Small Business Wealth Building and Tax Reduction Secrets from an IRS Insider


Author: Sandy Botkin
Publisher: McGraw Hill Professional
ISBN: 1260143821
Category: Business & Economics
Page: 400
View: 1095
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Learn how to navigate the latest changes to the tax law— and save big on your taxes! For most people, tax time is the most dreaded time of the year. After the recent tax overhaul enacted by Congress, taxpayers are more anxious and confused than ever. Lower Your Taxes—Big Time! helps you understand how the latest tax bill affects your personal and business taxes. Fully updated for the 2019 – 2020 season, this essential book covers everything you need to know about saving money on tax day—and every other day of the year. Whether you're a consultant, business owner, independent contractor, or home filer, you'll learn how to legally, morally 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. Written by tax expert and former IRS attorney Sandy Botkin, this is a must-have resource for saving thousands of dollars at tax time. Lower Your Taxes Big Time! shows you how to: •Properly document any business deduction so you never have to worry about being audited•Get a tax subsidy of $5,000 or more for starting up your own home-based business •Turn tuition, entertainment, orthodontia, and other expenses into huge deductions •Take advantage of small-business tax changes and extensions recently passed by the American Tax Cuts and Jobs Act, and more.•Learn how to easily navigate and maximize the new 20% pass through deduction for most small businesses

Small Business Tax Deductions


Author: Stephen Fishman
Publisher: Continuing Education of the Bar-California
ISBN: N.A
Category: Small business
Page: 596
View: 5125
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Make Your Life Tax Deductible: Easy Techniques to Reduce Your Taxes and Start Building Wealth Immediately


Author: David Meier
Publisher: McGraw Hill Professional
ISBN: 0071467629
Category: Business & Economics
Page: 256
View: 3736
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More than 150 deductions small business owners can implement to lower taxes and boost profits immediately If you are a small business owner, missing out on important deductions can mean receiving a tax bill that puts you deep into debt. In Make Your Life Tax Deductible, tax specialist David Meier presents quick and easy tips on understanding what deductions can be legally taken and implementing them in your tax strategies. He provides more than 150 deductions in several areas, from home, car, and travel to entertainment, equipment, and more.

Tax Guide for Short-term Rentals

Airbnb, HomeAway, VRBO & More
Author: Stephen Fishman
Publisher: NOLO
ISBN: 9781413324563
Category: Business & Economics
Page: 192
View: 1696
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This book focuses on the unique tax issues arising from renting residential or vacation property through online rental platforms like Airbnb, FlipKey, HomeAway, TripAdvisor, Craigslist, or VRBO. Every short-term rental host needs to understand these tax rules to ensure they take all the deductions to which they are entitled, pay no more tax than is legally required, and stay out of trouble with the IRS. This book provides this information in a practical, easy-to-understand way.

Working for Yourself

Law & Taxes for Independent Contractors, Freelancers & Gig Workers of All Types
Author: Stephen Fishman
Publisher: Nolo
ISBN: 1413323693
Category: Business & Economics
Page: 560
View: 5566
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This one-of-a-kind book includes all the legal and tax information an independent contractor need to start and run a successful freelance or consulting business.

What Every Inventor Needs to Know about Business & Taxes


Author: Stephen Fishman
Publisher: NOLO
ISBN: 1413301932
Category: Law
Page: 384
View: 6263
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Alexander Bain invented the fax machine. John Pemberton created Coca-Cola. James Harrison invented the refrigerator. All of them - and hundreds of other inventors - went broke because they didn't know how to run a business. Creating a successful invention isn't enough - inventors must embrace basic business principles if they hope to profit from their creations. With What Every Inventor Needs to Know About Business & Taxes, they'll have everything they need to: choose a business structure, keep good records, understand taxes, take legitimate deductions and protect intellectual property rights. It's the only book available that shows them how to claim invention losses with the IRS, which can make all the difference between success and the poorhouse. Provides forms on CD-ROM.

Tax Strategies for the Small Business Owner

Reduce Your Taxes and Fatten Your Profits
Author: Russell Fox
Publisher: Apress
ISBN: 1430248424
Category: Business & Economics
Page: 250
View: 1382
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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. What you’ll learn How to choose a business entity that’s right for your business. The requirements for deducting expenses. What you can deduct (and what you can’t). How to fund your retirement with help from the business. Using depreciation rules to reduce taxable income. Having benefit plans (medical and retirement) while complying with tax laws. How to take the tax implications into account when making strategic business decisions. What to do when you hear from the IRS. How to determine whether you need a tax professional to assist you. Who this book is for Taxes for the Small Business Owner is designed for owners of small to medium-sized businesses and aspiring entrepreneurs—millions of people in the U.S. This practical guide on taxation is designed for those who want to lower their tax bills by maximizing deductions. It will appeal to any owner or manager who wants to pay less tax—legally.