J.K. Lasser's Small Business Taxes 2022
Your Complete Guide to a Better Bottom Line
24. Auflage
Erschienen am 23. November 2021
624 Seiten
978-1-119-83859-3 (ISBN)
Beschreibung
A complete guide to taxes for small businesses, brought to you by the leading name in taxes
The over 30 million small businesses in America are the essential backbone of the American marketplace. J.K. Lasser's Small Business Taxes 2022: Your Complete Guide to a Better Bottom Line helps owners save as much as possible on taxes. If you own a small business, this comprehensive guide provides a pathway to quickly determine your tax liability and what kind of tax relief is available to you, down to the nitty gritty--even going so far as to show where to claim deductions on the IRS forms.
Barbara Weltman brings her expertise to this topic, as a nationally recognized specialist in taxation for small businesses. Filled with tax facts and planning strategies, this guidebook is the ideal tool to help small business owners make business decisions on a tax-advantaged basis. Small Business Taxes 2022 also provides readers with:
* A complete listing of the available business expense deductions and tax credits, plus what's needed to qualify for them
* The most up-to-date information on current tax law and procedures, including information on the American Rescue Plan Act (ARPA) and the Consolidated Appropriations Act, 2021 (CAA)
* A heads up on changes ahead to optimize tax planning
* Sample forms and checklists to help you get organized and prepare you to submit the most complete and proper filing
Small Business Taxes 2022 uses concise and plain English to help provide small business owners and their advisers a detailed overview on the tax rules they need to know.
The over 30 million small businesses in America are the essential backbone of the American marketplace. J.K. Lasser's Small Business Taxes 2022: Your Complete Guide to a Better Bottom Line helps owners save as much as possible on taxes. If you own a small business, this comprehensive guide provides a pathway to quickly determine your tax liability and what kind of tax relief is available to you, down to the nitty gritty--even going so far as to show where to claim deductions on the IRS forms.
Barbara Weltman brings her expertise to this topic, as a nationally recognized specialist in taxation for small businesses. Filled with tax facts and planning strategies, this guidebook is the ideal tool to help small business owners make business decisions on a tax-advantaged basis. Small Business Taxes 2022 also provides readers with:
* A complete listing of the available business expense deductions and tax credits, plus what's needed to qualify for them
* The most up-to-date information on current tax law and procedures, including information on the American Rescue Plan Act (ARPA) and the Consolidated Appropriations Act, 2021 (CAA)
* A heads up on changes ahead to optimize tax planning
* Sample forms and checklists to help you get organized and prepare you to submit the most complete and proper filing
Small Business Taxes 2022 uses concise and plain English to help provide small business owners and their advisers a detailed overview on the tax rules they need to know.
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01/2022
1. Auflage
Wiley
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Person
BARBARA WELTMAN is an attorney and a nationally recognized expert in taxation for small businesses, as well as the author of many top-selling books on taxes and finance, including J.K. Lasser's 1001 Deductions & Tax Breaks. She is also the publisher of Idea of the Day¯® and Big Ideas for Small Business¯®, a contributor to SBA.gov, and quoted regularly in major publications (including the New York Times, the Wall Street Journal, and Consumer Reports). Visit her at www.BigIdeasForSmallBusiness.com.
Inhalt
Preface v
Introduction ix
Part 1 Organization 1
1. Business Organization 3
2. Tax Year and Accounting Methods 36
3. Recordkeeping for Business Income and Deductions 51
Part 2 Business Income and Losses 61
4. Income or Loss from Business Operations 63
5. Capital Gains and Losses 95
6. Gains and Losses from Sales of Business Property 113
Part 3 Business Deductions and Credits 125
7. Employee Compensation: Salary, Wages, and Employee Benefits 127
8. Travel, Meals, and Gift Expenses 164
9. Car and Truck Expenses 186
10. Repairs, Maintenance, and Energy Improvements 209
11. Bad Debts 225
12. Rents 236
13. Taxes and Interest 246
14. First-Year Expensing, Depreciation, Amortization, and Depletion 261
15. Advertising Expenses 294
16. Retirement Plans 300
17. Casualty and Theft Losses 339
18. Home Office Deductions 353
19. Medical Coverage 371
20. Deductions and Tax Credits for Farmers 391
21. Qualified Business Income Deduction 402
22. Miscellaneous Business Deductions 416
23. Roundup of Tax Credits 450
Part 4 Tax Planning for Your Small Business 463
24. Income and Deduction Strategies 465
25. Distributions from Your Business 479
26. Tax Strategies for Opening or Closing a Business 483
27. Tax Strategies for a Sideline Business 495
28. Tax Strategies for Multiple Businesses 499
29. Alternative Minimum Tax 504
30. Other Taxes 509
31. Filing Tax Returns, Paying Taxes, and Making Refund Claims 527
32. Retirement and Succession Planning 541
33. Working with CPAs and Other Tax Professionals 549
34. Handling Audits with the IRS 553
Appendix A. Information Returns 559
Appendix B. Tax Penalties 566
Appendix C. Checklist of Tax-Related Corporate Resolutions 572
Appendix D. List of Dollar Limits and Amounts Adjusted for Inflation 574
Index 577
Introduction ix
Part 1 Organization 1
1. Business Organization 3
2. Tax Year and Accounting Methods 36
3. Recordkeeping for Business Income and Deductions 51
Part 2 Business Income and Losses 61
4. Income or Loss from Business Operations 63
5. Capital Gains and Losses 95
6. Gains and Losses from Sales of Business Property 113
Part 3 Business Deductions and Credits 125
7. Employee Compensation: Salary, Wages, and Employee Benefits 127
8. Travel, Meals, and Gift Expenses 164
9. Car and Truck Expenses 186
10. Repairs, Maintenance, and Energy Improvements 209
11. Bad Debts 225
12. Rents 236
13. Taxes and Interest 246
14. First-Year Expensing, Depreciation, Amortization, and Depletion 261
15. Advertising Expenses 294
16. Retirement Plans 300
17. Casualty and Theft Losses 339
18. Home Office Deductions 353
19. Medical Coverage 371
20. Deductions and Tax Credits for Farmers 391
21. Qualified Business Income Deduction 402
22. Miscellaneous Business Deductions 416
23. Roundup of Tax Credits 450
Part 4 Tax Planning for Your Small Business 463
24. Income and Deduction Strategies 465
25. Distributions from Your Business 479
26. Tax Strategies for Opening or Closing a Business 483
27. Tax Strategies for a Sideline Business 495
28. Tax Strategies for Multiple Businesses 499
29. Alternative Minimum Tax 504
30. Other Taxes 509
31. Filing Tax Returns, Paying Taxes, and Making Refund Claims 527
32. Retirement and Succession Planning 541
33. Working with CPAs and Other Tax Professionals 549
34. Handling Audits with the IRS 553
Appendix A. Information Returns 559
Appendix B. Tax Penalties 566
Appendix C. Checklist of Tax-Related Corporate Resolutions 572
Appendix D. List of Dollar Limits and Amounts Adjusted for Inflation 574
Index 577
