Learn how to navigate the latest changes to the tax law- and save big on your taxes! For most people, tax time is the most dreaded time of the year. After the recent tax overhaul enacted by Congress, taxpayers are more anxious and confused than ever. Lower Your Taxes-Big Time! helps you understand how the latest tax bill affects your personal and business taxes. Fully updated for the 2019 - 2020 season, this essential book covers everything you need to know about saving money on tax day-and every other day of the year. Whether you're a consultant, business owner, independent contractor, or home filer, you'll learn how to legally, morally and ethically take advantage of the tax system to get a yearly subsidy of $5,000 or more back from the IRS-and bulletproof your records forever. Written by tax expert and former IRS attorney Sandy Botkin, this is a must-have resource for saving thousands of dollars at tax time.
Lower Your Taxes Big Time! shows you how to: *Properly document any business deduction so you never have to worry about being audited*Get a tax subsidy of $5,000 or more for starting up your own home-based business *Turn tuition, entertainment, orthodontia, and other expenses into huge deductions *Take advantage of small-business tax changes and extensions recently passed by the American Tax Cuts and Jobs Act, and more.*Learn how to easily navigate and maximize the new 20% pass through deduction for most small businesses
Auflage
Sprache
Verlagsort
Zielgruppe
Maße
Höhe: 234 mm
Breite: 185 mm
Dicke: 28 mm
Gewicht
ISBN-13
978-1-260-14381-2 (9781260143812)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Klassifikation
McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide
Introduction: Rich or Poor--Your Choice
Part 1: Wealth-Building Tax Secrets for Small and Home-Based Business Owners
Chapter 1: Why You Would Be Brain Dead Not to Start a Home-Based Business (If You Don't Already Have One)
Chapter 2: How to Deduct Your Meals and Some Employee Outings
Chapter 3: How to Turn Your Vacation into a Tax-Deductible Write-Off
Chapter 4: Income Shifting and Income Splitting: One of the Greatest Single Wealth-Building Secrets
Chapter 5: How to Turn Your Car into a Tax-Deductible Goldmine
Chapter 6: Home Office: The Misunderstood Key to Saving $15,000 Every Five Years
Chapter 7: Beating the Dreaded IRS Audit
Chapter 8: How to Shield Yourself from the IRS Weapon of Classifying a Business as a Hobby
Part 2: How to Incorporate to Shelter Your Wealth
Chapter 9: Finding the Best Corporate Entity for Your Business
Chapter 10: Forming a Nevada Corporation or a Limited-Liability Corporation in Nevada
Chapter 11: How to Eliminate up to 40 Percent of Your Social Security and Medicare Tax with an S Corporation
Chapter 12: How to Get Assets and Money into a Corporation Tax-Free
Part 3: Every Fringe Benefit Available to Small and Home-Based Businesses as Amended By the New Tax Cuts and Jobs Act Legislation
Chapter 13: Fringe Benefits You Will Love, Part 1
Chapter 14: Fringe Benefits You Will Love, Part 2
Part 4: Miscellaneous Tax Strategies
Chapter 15: The Four Most Overlooked Real Estate Tax Deductions in America
Chapter 16: Making Colleges Less Expensive with Tax Planning
Chapter 17: Tax Planning for Stock and Bond Investments
Chapter 18: Trader versus Investor: The Best Kept Secret Around
Chapter 19: Tax Scams and Other Shams
Chapter 20: Highlights of the New Tax Cut And Jobs Act Legislation
Chapter 21: The Top 10 Tax Questions
Appendix A: 2018 Tax Rates
Appendix B: How to Find a Good Accountant
Appendix C: Health Savings Account
Index
