Tax Strategies for the Self-Employed covers all the bases for the tax professional. This comprehensive treatise begins by surveying the basic income tax principles that affect the self-employed, then moves on to more detailed coverage of the many important topics that practitioners must understand to help clients create and execute effective working strategies. These range from the selection of accounting methods and start-up expenses to automobile and transportation deductions, depreciation, pensions and employee benefits. Rounding out the book's coverage of important income tax topics are chapters on how to avoid hobby classification, passive loss considerations, avoiding the alternative minimum tax and hiring independent contractors. Throughout the book, extensive citation to the Internal Revenue Code, regulations and relevant cases provides a thorough grounding in authority.
Clear examples make the text useful for the practitioner's office and the classroom alike.
Julia K. Brazelton, Ph.D., is a professor of accounting at the College of William and Mary in Williamsburg, Va., with extensive teaching and research experience. Dr. Brazelton is author of A Practical Guide to Tax Issues in Employment as well as numerous articles. Fla. Dr. Campbell is the author of many professional articles and of study guides that accompany accounting textbooks. Fla. She is a frequent reviewer of continuing professional education courses. Quantity discounts and school adoption pricing are available.