Tax deductions for professionals : [pay less to the IRS]

Summary:

A tax deduction guide 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. -- Provided by amazon.com.

Record details

ISBN: 9781413326536
ISBN: 1413326536
Physical Description: 444 page : illustrations ; 23 cm
Edition: Fifteenth edition
Publisher: Berkley, California : Nolo, 2020.
Copyright: ©2019

Content descriptions

General Note:	"Includes the latest tax law changes"--Cover.
Bibliography, etc. Note:	Includes bibliographical references and index.
Formatted Contents Note:	Introduction -- Tax deduction basics -- Choice of business entity -- Operating expenses -- The pass-through tax deduction -- Car and local travel expenses -- Long distance travel expenses -- The home office deduction -- Deductions for outside offices -- Deducting long term assets -- Start up expenses -- Medical expenses -- Inventory -- More deductions -- Hiring employees and independent contractors -- Professionals who incorporate -- How you pay business expenses -- IRS audits -- Record keeping and accounting -- Index.