Overview
Pay less to the IRSDon't miss out on the many valuable deductions you can claim! Now, more than ever, understanding how taxes work is essential for home business owners. Home Business Tax Deductions 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. This book explains to readers how to maximize their business deductions--quickly, easily, and legally. Whether you're just starting your home business or it's well established, Home Business Tax Deductions is indispensable to your financial success. It 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 the 20% pass-through deduction. In addition, this edition has an updated chapter explaining how to get paid and pay others with Bitcoin or another cryptocurrency, as well as information about trading in crypto as a business. 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 examples of how deductions work in real life. If you have a home business, this book will pay for itself many times over.
Full Product Details
Author: Stephen Fishman
Publisher: NOLO
Imprint: NOLO
Edition: 20th ed.
Dimensions:
Width: 17.80cm
, Height: 3.80cm
, Length: 22.90cm
Weight: 0.680kg
ISBN: 9781413331332
ISBN 10: 1413331335
Pages: 432
Publication Date: 26 December 2023
Audience:
General/trade
,
General
Format: Paperback
Publisher's Status: Forthcoming
Availability: Not yet available
This item is yet to be released. You can pre-order this item and we will dispatch it to you upon its release.
Reviews
Whether you're going to start or have already started your business, you need this book. Paul Tulenko, syndicated business columnist From the Author: Understanding tax deductions is an essential part of any home business--without the money saved by taking deductions, many home businesses couldn't get started or operate profitably. This book covers all you need to know about the Tax Cuts and Jobs Act to make sure you that you are taking advantage of all the tax deductions to which you are entitled. Practical and organized by chapter into the most commonly used home business tax deductions, this book shows how to plan for and take advantage of the tax breaks available to home business owners. From home office expenses to start-up expenses to health care costs to travel, and meals, this book shows home business owners how to deduct their business-related expenses and pay less to the IRS.
Author Information
Stephen Fishman has dedicated his career as an attorney and author to writing useful, authoritative, and recognized guides on business, taxation, and intellectual property matters for small businesses, entrepreneurs, independent contractors, and freelancers. He is the author of 20 books and hundreds of articles, and has been quoted in The New York Times, Wall Street Journal, Chicago Tribune, and many other publications. Among his books are Every Landlord's Tax Deduction Guide, Deduct It! Lower Your Small Business Taxes, and Working for Yourself: Law & Taxes for Independent Contractors, Freelancers & Gig Workers of All Types, published by Nolo. He is a two-time recipient of the Independent Book Publishers Association's Benjamin Franklin Award.
