J.K. Lasser's From Ebay to Mary Kay: Taxes Made Easy for Your Home Business

Front Cover
John Wiley & Sons, Feb 22, 2006 - Business & Economics - 288 pages
The 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

Taxes Made Easy for Your HomeBased Business 6th Edition Chapter 1 The Lay of the Land
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
Taxes Made Easy for Your HomeBased Business 6th Edition Index
279
Copyright

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Common terms and phrases

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.

About the author (2006)

GARY W. CARTER, PHD, MT, cPA, has more than twenty years of tax experience. He has worked as a revenue auditor and tax practitioner, and is currently on the faculty of the University of Minnesota's Carlson School of Management. Carter also writes, lectures, has a Web site (www.thetaxguy.com), and conducts seminars on tax issues pertaining to home-based businesses.

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