AARP Digital Editions offer you practical tips, provensolutions, and expert guidance.
Written in a straightforward and accessible style, this reliableresource offers a complete overview of small business tax planningand provides you with the information needed to make tax-smartdecisions throughout the year.
Focusing on strategies that help you use deductions and taxcredits effectively, shield business income, and maximize otheraspects of small business taxes, this practical guide will show youhow your actions in business today can affect your bottom line froma tax perspective tomorrow.
* Includes detailed coverage of the newest tax laws and IRSrules
* Reveals strategies that can help you run a tax-smart businessall year long
* Contains comprehensive information on each deductible expense,including dollar limits and record-keeping requirements
* Offers clear instructions on where to report income and claimdeductions on your tax forms
* Provides help with state taxes and a guide to informationreturns you may need to file
* Other titles by Weltman: J.K. Lasser's 1001 Deductions &Tax Breaks 2010
Owning a small business is a big responsibility. While manysmall business owners seek to improve their bottom line, fewrealize all the ways that both current and new tax laws can helpthem do so. With J.K. Lasser's Small Business Taxes 2010,you'll quickly discover how.
Reihe
Auflage
Sprache
Verlagsgruppe
Dateigröße
ISBN-13
978-1-118-23357-3 (9781118233573)
Schweitzer Klassifikation
Autor*in
IDG Books Worldwide, Inc.
Preface v
Introduction ix
Part 1 Organization 1
1. Business Organization 3
2. Tax Year and Accounting Methods 34
3. Recordkeeping for Business Income and Deductions 51
Part 2 Business Income and Losses 63
4. Income or Loss from Business Operations 65
5. Capital Gains and Losses 93
6. Gains and Losses from Sales of Business Property 113
Part 3 Business Deductions and Credits 125
7. Employee Compensation: Salary, Wages, and Employee Benefits127
8. Travel and Entertainment Expenses 158
9. Car and Truck Expenses 189
10. Repairs, Maintenance, and Energy Improvements 218
11. Bad Debts 231
12. Rents 243
13. Taxes and Interest 254
14. First-Year Expensing, Depreciation, Amortization, andDepletion 269
15. Advertising Expenses 307
16. Retirement Plans 314
17. Casualty and Theft Losses 347
18. Home Office Deductions 361
19. Medical Coverage 377
20. Deductions for Farmers 390
21. Domestic Production Activities Deduction 402
22. Miscellaneous Business Deductions 409
23. Roundup of Tax Credits 451
Part 4 Tax Planning For Your Small Business 463
24. Income and Deduction Strategies 465
25. Tax Strategies for Opening or Closing a Business 481
26. Tax Strategies for a Sideline Business 491
27. Tax Strategies for Multiple Businesses 495
28. Alternative Minimum Tax 501
29. Other Taxes 508
30. Filing Income Tax Returns and Paying Taxes 529
Appendix A. Information Returns 539
Appendix B. Checklist of Tax-Related CorporateResolutions 546
Index 549
