J.K. Lasser's^TM Small Business Taxes: Your Complete Guide to a Better Bottom Line, 6th Edition

by Barbara Weltman ( ; )

• ISBN13: 9780471454724
• ISBN10: 0471454729
• Edition: 6th
• Format: Paperback
• Copyright: 2004-01-01
• Publisher: WILEY

Summary

Maximize deductions and minimize payments with the help of J. K. Lasser J. K. Lasser's Small Business Taxes 2004 gives readers a complete overview of small business tax planning in an accessible and friendly manner. Focusing on strategies that help you use deductions, business income, and other aspects of a small business to save during tax time, this comprehensive guide is all you need to keep up with Uncle Sam. The invaluable advice and guidance in this book will show readers how their actions in business today can affect their bottom line from a tax perspective tomorrow. Barbara Weltman (Millwood, NY), an attorney, is a nationally recognized expert in taxation for small businesses. She has written extensively on tax, finance, and estate planning.

Author Biography

BARBARA WELTMAN, an attorney, is a nationally recognized expert in taxation for small businesses. She has written extensively on tax, finance, and estate planning. Barbara is an experienced writer and is quoted regularly in major publications, including the New York Times and Boardroom’s Tax Hotline. She is also featured on CNN and CNBC. Visit her at www.bwideas.com and subscribe to her newsletter! (See inside for free offer.)

Table of Contents

Preface.

Introduction.

Part 1: Organization.

1. Business Organization.

2. Tax Year and Accounting Methods.

3. Recordkeeping for Business Income and Deductions.

Part 2: Business Income and Losses.

4. Income or Loss from Business Operations.

5. Capital Gains and Losses.

6. Gains and Losses from Sales of Business Property.

Part 3: Business Deductions and Credits.

7. Employee Compensation: Salary, Wages, and Employee Benefits.

8. Travel and Entertainment Expenses.

9. Car Expenses.

10. Repairs and Maintenance.

11. Bad Debts.

12. Rents.

13. Taxes and Interest.

14. First-Year Expensing and Depreciation, Amortization, and Depletion.

15. Advertising Expenses.

16. Retirement Plans.

17. Casualty and Theft Losses.

18. Home Office Deductions.

19. Medical Coverage.

20. Deductions for Farmers.

21. Miscellaneous Business Deductions.

22. Deductions for Alternative Minimum Tax.

23. Roundup of Tax Credits.

Part 4: Tax Planning for Your Small Business.

24. Income and Deduction Strategies.

25. Other Taxes.

26. Online Filing and Information.

Appendix: Information Returns.

Index.