
- 433 pages
- English
- PDF
- Available on iOS & Android
About this book
Pay less to the IRS. Maximize your tax deductions.
Home Business Tax Deductions is indispensable to your financial success, whether your business is just starting or well established. This book is for anyone who has a home business or is thinking of starting one and wants to know how to structure their business and take advantage of all available tax deductions. Home business owners can qualify for many tax deductions and credits, saving them lots of money. This book explains how to maximize your business deductions—quickly, easily, and legally.
Now, more than ever, understanding how taxes work is essential for home business owners. Don’t miss out on the many valuable deductions you can claim. Home Business Tax Deductions covers deductions for start-up and operating expenses, travel and meals, home offices, equipment, vehicles, medical expenses, and more. It also discusses how to keep accurate, thorough records and provides everything you need to know about deductions. Moreover, this edition explains how business owners can protect themselves from audits.
Home Business Tax Deductions is organized into practical, easy-to-understand categories of the most commonly used home business deductions. This reader-friendly guide includes interesting and relevant real-life examples of how deductions work.
If you have a home business, this book will pay for itself many times over.
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Information
Table of contents
- Cover
- Title Page
- Copyright Page
- Table of Contents
- Introduction
- 1. Some Tax Basics
- 2. Is Your Home Business Really a Business?
- 3. Getting Your Business Up and Running
- 4. Home Business Operating Expenses
- 5. Deducting Long-Term Assets
- 6. The Home Office Deduction
- 7. The Pass-Through Tax Deduction
- 9. Getting Around Town: Car and Local Travel Expenses
- 9. Leaving Town: Business Travel
- 10. Inventory
- 11. Hiring Help: Employees and Independent Contractors
- 12. What If You Get Sick? Deducting Medical Expenses
- 13. Deductions That Can Help You Retire
- 14. More Home Business Deductions
- 15. Using Cryptocurrency in Your Business
- 16. Record Keeping and Accounting
- 17. Businesses Owned by Spouses
- 18. Nine Tips for Avoiding an IRS Audit
- Index
- Book Registration