J.K. Lasser's From Ebay to Mary Kay: Taxes Made Easy for Your Home BusinessThe ultimate guide to running a tax-efficient home-based business Today, millions of people are making either a full- or part-time living selling things on Internet auction sites like eBay. Still more are making a living selling products from their homes--think Mary Kay and Avon. If you're just entering the home-based or online business arena, you might not be aware of your potential tax liability. With J.K. Lasser's From eBay to Mary Kay, leading tax consultant Gary Carter walks you through the challenges of accounting for a home-based business. Topics covered throughout this comprehensive guide include: * Can you deduct the use of your home? * Are there ways to avoid taxes entirely? * What types of taxes might you owe? * How do you account for your inventory? * What are the rules on collecting sales and use taxes? The advantages of operating a home-based business are countless, but many owners don't realize--and are often unprepared to handle--the host of complex tax issues surrounding them. J.K. Lasser's From eBay to Mary Kay will show you how to account for your home-based business and avoid unnecessary tax trouble. J.K. Lasser--Practical Guides for All Your Financial Needs Please visit our Web site at www.jklasser.com |
Contents
1 | |
Taxes Made Easy for Your HomeBased Business 6th Edition Chapter 2 What Is a Business for Tax Purposes? | 19 |
Taxes Made Easy for Your HomeBased Business 6th Edition Chapter 3 Choices for Business Organization | 35 |
Taxes Made Easy for Your HomeBased Business 6th Edition Chapter 4 Tax Accounting Methods and Periods | 67 |
Taxes Made Easy for Your HomeBased Business 6th Edition Chapter 5 How to Account for Inventory | 83 |
Taxes Made Easy for Your HomeBased Business 6th Edition Chapter 6 Business Sales and Use Taxes | 97 |
Taxes Made Easy for Your HomeBased Business 6th Edition Chapter 7 Limitations on Use of Your Home | 117 |
Taxes Made Easy for Your HomeBased Business 6th Edition Chapter 8 Form 8829 Line by Line | 143 |
Taxes Made Easy for Your HomeBased Business 6th Edition Chapter 9 Planes Trains and Especially Automobiles | 171 |
Taxes Made Easy for Your HomeBased Business 6th Edition Chapter 10 Other Common Business Deductions | 201 |
Taxes Made Easy for Your HomeBased Business 6th Edition Chapter 11 Sale of Your Residence | 239 |
Taxes Made Easy for Your HomeBased Business 6th Edition Chapter 12 Records You Better Keep | 253 |
Taxes Made Easy for Your HomeBased Business 6th Edition Chapter 13 A Comprehensive Example | 265 |
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Other editions - View all
J.K. Lasser's From Ebay to Mary Kay: Taxes Made Easy for Your Home Business Gary W. Carter No preview available - 2006 |
J.K. Lasser's From Ebay to Mary Kay: Taxes Made Easy for Your Home Business Gary W. Carter No preview available - 2005 |
Common terms and phrases
50 percent accrual method adjusted basis Adjusted Gross Income allocable amount from line amount on line assets basis business expenses business percentage business purpose business-use calling 800 cash method casualty losses Chapter claim Commissioner contributions corporation cost daycare depreciation eBay employee Example exclusively for business federal Form W-2 gain or loss gross income gross receipts home office home-based business home-business deductions home-office deductions income and deductions income tax incurred instructions Internal Revenue Bulletin inventory IRS Publication Itemized Deductions J.K. Lasser’s LIFO line 14 listed property method of accounting ness partners partnership payments place of business placed in service principal place profit purchase qualify reimbursed Roth IRA rules Section 179 Section 179 deduction Section 280A self-employed self-employment self-employment tax shareholders Small Business sole proprietorship Subtract line T.C. Memo Tax Court tax purposes taxable taxpayer tion trade or business TTY/TDD wages
Popular passages
Page 4 - Gross income means all income from whatever source derived, unless excluded by law. Gross income includes income realized in any form, whether in money, property, or services.
Page 4 - In the case of a manufacturing, merchandising, or mining business, "gross income" means the total sales, less the cost of goods sold, plus any income from Investments and from incidental or outside operations or sources.