Deduct it! : lower your small business taxes

Fishman, Stephen, (author.). Nolo (Firm) (Added Author).

Summary:

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; equipment and inventory and more. This book shows you how to avoid problems with the IRS, including having your business classified as a hobby. Whether your business is just starting or well established, this book is indispensable to your financial success.

Record details

ISBN: 9781413326819
ISBN: 1413326811
Physical Description: 404 pages : illustrations ; 23 cm
Edition: 16th edition.
Publisher: [Berkeley, California] : Nolo, 2020.

Content descriptions

Bibliography, etc. Note:

Includes bibliographical references and index.

Formatted Contents Note:

Tax deduction basics -- Are you really in business? -- Start-up expenses -- Business operating expenses -- Deducting long-term assets -- Inventory -- Office expenses -- Car and local travel expenses -- Business travel -- The pass-through tax deduction -- Hiring workers -- Retirement deductions -- Medical expenses -- Additional deductions -- Record keeping and accounting -- Staying out of trouble with the IRS.