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J.K. Lasser's Small Business Taxes 2017 Barbara Weltman

J.K. Lasser's Small Business Taxes 2017 By Barbara Weltman

J.K. Lasser's Small Business Taxes 2017 by Barbara Weltman


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Summary

The ultimate money-saving tax guide for the small business owner

J.K. Lasser's Small Business Taxes is designed to help business owners make sense of their taxes and file correctly, on time, without over- or under-paying.

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J.K. Lasser's Small Business Taxes 2017 Summary

J.K. Lasser's Small Business Taxes 2017: Your Complete Guide to a Better Bottom Line by Barbara Weltman

The ultimate money-saving tax guide for the small business owner

J.K. Lasser's Small Business Taxes is designed to help business owners make sense of their taxes and file correctly, on time, without over- or under-paying. Maximize your bottom line with a complete listing of all available business expense deductions, small business tax planning strategies, and the most up-to-date tax laws and requirements, including plain-English instructions on how to qualify, how to claim, and how to file. There's an e-supplement with the latest tax developments from the IRS and Congress. From employee wages and advertising, to repairs, rents, debts, and more, this book answers all of your questions about your 2016 filing. Stop wading through mountains of paperwork and browsing sketchy tax advice-this book puts America's most trusted tax advisors to work for your business. Detailed guidance includes recordkeeping requirements, dollar limits, sample forms, and checklists, and even shows you exactly which line on which form needs what information-and where to find it.

Business taxes have so many moving parts that putting it all together can seem more difficult than actually running your business in the first place. J.K. Lasser puts a stop to the madness by breaking down the requirements, forms, and processes into a sensible workflow, with expert help that can save your business money.

  • Organize your recordkeeping for a more streamlined filing
  • Claim income and losses from business, property, and capital gains
  • Identify the many business expenses that qualify as deductions
  • Learn professional planning strategies specifically for small businesses
  • Work more efficiently with your own tax advisor

You're an expert on your business, not taxes. Unless you're inclined to moonlight as a tax accountant, you need a trusted expert on your side to help you keep more money where it belongs-in your business. J.K. Lasser's Small Business Taxes is the ultimate guide to filing quickly, correctly, and with less stress, so you can get filed and get back to work.

About Barbara Weltman

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 (R) and Big Ideas for Small Business (R), a contributor to SBA.gov, is quoted regularly in major publications (including the New York Times, the Wall Street Journal, and Money magazine), and hosts a monthly radio show. Visit her at www.barbaraweltman.com.

Table of Contents

Preface vii

Introduction xiii

Part 1 Organization 1

1. Business Organization 3

2. Tax Year and Accounting Methods 40

3. Recordkeeping for Business Income and Deductions 58

Part 2 Business Income and Losses 71

4. Income or Loss from Business Operations 73

5. Capital Gains and Losses 107

6. Gains and Losses from Sales of Business Property 128

Part 3 Business Deductions and Credits 143

7. Employee Compensation: Salary, Wages, and Employee Benefits 145

8. Travel and Entertainment Expenses 182

9. Car and Truck Expenses 212

10. Repairs, Maintenance, and Energy Improvements 242

11. Bad Debts 260

12. Rents 273

13. Taxes and Interest 284

14. First-Year Expensing, Depreciation, Amortization, and Depletion 300

15. Advertising Expenses 339

16. Retirement Plans 347

17. Casualty and Theft Losses 388

18. Home Office Deductions 403

19. Medical Coverage 423

20. Deductions and Tax Credits for Farmers 444

21. Domestic Production Activities Deduction 456

22. Miscellaneous Business Deductions 464

23. Roundup of Tax Credits 510

Part 4 Tax Planning for Your Small Business 523

24. Income and Deduction Strategies 525

25. Tax Strategies for Opening or Closing a Business 542

26. Tax Strategies for a Sideline Business 557

27. Tax Strategies for Multiple Businesses 562

28. Alternative Minimum Tax 568

29. Other Taxes 575

30. Filing Tax Returns and Paying Taxes 597

31. Retirement and Succession Planning 611

32. Working with CPAs and Other Tax Professionals 618

33. Handling Audits with the IRS 623

Appendix A. Information Returns 627

Appendix B. Tax Penalties 636

Appendix C. Checklist of Tax-Related Corporate Resolutions 643

Appendix D. List of Dollar Limits and Amounts Adjusted for Inflation 646

Index 651

Additional information

CIN1119249058G
9781119249054
1119249058
J.K. Lasser's Small Business Taxes 2017: Your Complete Guide to a Better Bottom Line by Barbara Weltman
Used - Good
Paperback
John Wiley & Sons Inc
20161122
688
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

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