Small business owners are entitled to lots of tax deductions and credits that can save them money—if they take advantage of them. There are also new deductions and tax credits available under the CARES Act and other stimulus legislation passed in the wake of COVID. This book explains everything small business owners need to know to make sure they are taking advantage of all the deductions and credits available to them under the law, including new deductions and credits under the CARES Act and other post-COVID relief. The book is organized into practical, easy-to-understand categories of the most commonly-used business deductions. It includes interesting and relevant examples so readers can see how the deductions work and the context they come up in.
The IRS deals with this issue by dividing home office expenses into two categories: direct expenses, which benefit only your home office; and indirect expenses, which benefit both your office and the rest of your home.
This invaluable book not only lists the individual items that are deductible in your home-based business—from utilities to that part of the home where you work—but also explains where to list them on your income tax forms.
Deduct It! Deduct It!
With this book, learn how to pay less to the IRS at tax time by taking advantage of the many tax deductions available to professionals.
Deduct It! is indispensable to your venture, whether you're just starting out or have been established for years. The book also provides basic information on how different business structures are taxed and how tax deductions work.
The first, and still the best, book on tax deductions for residential landlords. This book is designed to be reader-friendly for the millions of small landlords who can’t afford high-priced tax help.
This new edition has been thoroughly updated to reflect changes to relevant laws.
If you're a licensed professional, turn to the only book that helps you get the unique tax deductions you're due!
Deduct It! Deduct It! for Tax Year 2018
7" x 10" Tax deduction: Created with a sturdy binding and protective hardcover, our writing journal works for note-taking, sketching, writing down ideas, and keeping memories. , ribbon bookmark, 110 GSM Paper: Our bullet tracker is made of ...