Deduct it!
Subtitle: lower your small business taxes
By: Stephen Fishman, J.D.
Contributors: Nolo (Firm)
Edition: 11th edition.
Publisher: NOLO
Published: 2015
Language: eng
Number of pages: 514
ISBN-13: 9781413320800; 9781413320817
Subjects: Taxation; Law and legislation; Popular works; Tax deductions; Small business
Description: Completely updated for 2014 returns! Deduct It! shows you how to maximize your business deductions--quickly, easily and legally. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over. It covers deductions for: start-up and operating expenses travel, meals and entertainment home offices (including new IRS rules) health care equipment and inventory Obamacare and more Includes detailed information on the new health care law (Obamacare) and how it affects small business owners, including the health insurance mandate for individuals and businesses with employees, credits and deductions under the new law, IRS penalties for noncompliance, and Obamacare's impact on HRAs (Health Reimbursement Arrangements) and HSAs (Health Savings Accounts). Deduct It! shows you how to avoid problems with the IRS, including having your business classified as a hobby. It also explains how to amend your tax return if necessary. Whether your enterprise is just starting or well established, this book is indispensable to your financial success.
Notes: Includes index.

Includes bibliographical references and index.
Table of contents: title: Tax deduction basics; title: Are you really in business?; title: Start-up expenses; title: Business operating expenses; title: Deducting long-term assets; title: Inventory; title: Office expenses; title: Car and local travel expenses; title: Business travel; title: Meal and entertainment expenses; title: Hiring workers; title: Retirement deductions; title: Medical expenses; title: Additional deductions; title: Record keeping and accounting; title: Claiming tax deductions for prior years; title: Staying out of trouble with the IRS; title: Help beyond this book.