422 Tax Deductions for Businesses and Self Employed Individuals

by Kamoroff, Bernard B.

• ISBN13: 9780917510298
• ISBN10: 0917510291
• Edition: 8th
• Format: Paperback
• Copyright: 2009-01-15
• Publisher: Bell Springs Publishing

Summary

8th edition of this best selling A to Z encyclopedia of business tax deductions is like found money for business owners. For all small businesses, home businesses, Internet businesses, franchise operations, direct marketers, professionals, independent trades, contractors, and all self employed individuals.

Author Biography

Bernard Kamoroff is a C.P.A. with 30 years experience specializing in small business, a University of California lecturer, and author of five books on business and taxes

Table of Contents

A Treasure Hunt	p. 7
Introduction to Tax Deductions
Relax	p. 11
Who Is This Book For?	p. 11
How to Use This Book to Your Best Advantage	p. 12
Expense Categories	p. 13
Is Every Possible Tax Deduction Listed?	p. 14
Isn't This What You Pay Your Accountant For?	p. 15
Will Your Deductions Trigger an Audit?	p. 15
When in Doubt, Deduct	p. 17
Tax Loopholes and Tax Secrets	p. 17
Federal Versus State Laws	p. 18
Amending Prior Years' Tax Returns	p. 18
Keeping Records	p. 9
When Can You Take a Deduction?	p. 19
Cash Method Vs. Accrual	p. 20
Year End Payments	p. 20
Structuring Transactions to Your Best Advantage	p. 21
Timing Transactions	p. 21
Equipment, Supplies and Inventory Owned Before Going Into Business	p. 22
Paying Business Expenses	p. 23
Home Based Businesses	p. 23
Multiple Businesses	p. 24
One Last Caution	p. 24
Terminology	p. 25
Self Employed Individuals	p. 25
Employer and Employee	p. 26
What Is a Tax Deduction?	p. 26
Tax Write Off	p. 27
Personal Versus Business	p. 27
Capitalized Expenses	p. 28
Audits	p. 28
Tax Credits Versus Tax Deductions	p. 29
The Four Basic Rules: All Expenses	p. 31
Business Related	p. 31
Method of Payment	p. 32
Ordinary Expenses	p. 33
Necessary Expenses	p. 33
Not "Lavish or Extravagant"	p. 33
422 Tax Deductions	p. 35
422 Deductions, A-Z (Listed Alphabetically)	p. 37
The Annual Update Sheet	p. 220
Table of Contents provided by Ingram. All Rights Reserved.