| Document Type
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BL
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| Record Number
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1020673
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| Doc. No
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b775043
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| Main Entry
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Fishman, Stephen.
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| Title & Author
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Home business tax deductions : : keep what you earn /\ by Stephen Fishman.
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| Edition Statement
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2nd ed., updated for 2006.
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| Publication Statement
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Berkeley :: Nolo,, ©2005.
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| Page. NO
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1 online resource (1 volume (various pagings)) :: illustrations
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| ISBN
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1413303749
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: 1413304982
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: 1413323227
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: 1423730674
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: 9781413303742
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: 9781413304985
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: 9781413323221
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: 9781423730675
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| Notes
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Includes index.
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Contents
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Introduction: Using Tax Deductions to Keep What You Earn -- Why You Need to Know About Tax Deductions -- Why You Need This Book -- The Ever-Changing Tax Laws -- Home Business Tax Deduction Basics -- How Tax Deductions Work -- How Businesses Are Taxed -- What Businesses Can Deduct -- Adding It All Up: The Value of Tax Deductions -- Are You Really In Business? -- Proving That You Are in Business -- Tax Consequences of Engaging in a Hobby -- Investing and Other Income-Producing Activities -- Avoiding the Start-Up Tax Trap -- What Are Start-Up Expenses? -- When Does a Business Begin? -- How to Deduct Start-Up Expenses -- Expenses for Businesses That Never Begin -- Avoiding the Start-Up Tax Rules Bite -- Home Business Operating Expenses -- Requirements for Deducting Operating Expenses -- Operating Expenses That Are Not Deductible -- How to Report Operating Expense Deductions -- Deducting Long-Term Assets -- Long-Term Assets -- Section 179 Deductions -- Depreciation -- Tax Reporting and Record Keeping for Section 179 and Depreciation -- The Home Office Deduction -- Qualifying for the Home Office Deduction -- Corporation Employees -- Calculating the Home Office Deduction -- IRS Reporting Requirements -- Audit-Proofing Your Home Office Deduction -- Meal and Entertainment Expenses -- What Is Business Entertainment? -- Who You Can Entertain -- Deducting Entertainment Expenses -- Calculating Your Deduction -- Reporting Entertainment Expenses on Your Tax Return -- Car and Local Travel Expenses -- Deductible Local Transportation Expenses -- The Standard Mileage Rate -- The Actual Expense Method -- How to Maximize Your Car Expense Deduction -- Other Local Transportation Expenses -- Reporting Transportation Expenses on Your Tax Return -- Business Travel -- What Is Business Travel? -- Deductible Travel Expenses -- How Much You Can Deduct -- Maximizing Your Business Travel Deductions -- Inventory -- What Is Inventory? -- Maintaining an Inventory -- Deducting Inventory Costs -- IRS Reporting -- Hiring Workers -- Employees Versus Independent Contractors -- Tax Deductions for Employee Pay and Benefits -- Reimbursing Employees for Business-Related Expenditures -- Employing Your Family or Yourself -- Tax Deductions When You Hire Independent Contractors -- Medical Expenses -- The Personal Deduction for Medical Expenses -- Deducting Health Insurance Premiums -- Medical Reimbursement Plans -- Health Savings Accounts -- Retirement Deductions -- Why You Need a Retirement Plan (or Plans) -- Individual Retirement Accounts (IRAs) -- Employer IRAs -- Keogh Plans -- Solo 401(k) Plans -- Additional Home Business Deductions -- Advertising -- Business Bad Debts -- Casualty Losses -- Charitable Contributions -- Dues and Subscriptions -- Education Expenses -- Gifts -- Insurance for Your Business -- Interest on Business Loans -- Legal and Professional Services -- Taxes and Licenses -- Domestic Production Activities -- Record Keeping and Accounting -- Basic Record Keeping for Tax Deductions -- Records Required for Specific Expenses -- How Long to Keep Records -- What If You Don't Have Proper Tax Records? -- Accounting Methods -- Tax Years -- Claiming Tax Deductions for Prior Years -- Reasons for Amending Your Tax Return -- Time Limits for Filing Amended Returns -- How to Amend Your Return -- How the IRS Processes Refund Claims -- Staying Out of Trouble With the IRS -- What Every Home Business Owner Needs to Know About the IRS -- Ten Tips for Avoiding an Audit -- Secondary Sources of Tax Information -- The Tax Law -- Consulting a Tax Professional.
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| Abstract
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Keep more of your hard-earned money!Tax deductions are essential to any business, but even more so when your office is also your home. You can spend thousands on an accountant -- or you can turn to Home Business Tax Deductions and do it yourself!
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| Subject
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Home-based businesses-- Taxation-- Law and legislation-- United States, Popular works.
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| Subject
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Income tax deductions for home office expenses-- United States, Popular works.
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Home-based businesses-- Taxation-- Law and legislation.
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Income tax deductions for home office expenses.
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| Subject
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LAW-- Military.
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| Subject
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United States.
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| Dewey Classification
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343.7305/23
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| LC Classification
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KF6491.F57 2005eb
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