Doing business tax-free: perfectly legal techniques to reduce or eliminate your federal business taxes
Shows readers how to avoid paying federal taxes during the first years of incorporation by creatively and legally plowing the profits back into the business. Explains how to use the IRS and state tax regulations to your advantage, e.g.: amortizing, capitalizing, depreciating assets, state credits, etc. Includes strategies for showing profits now or later-accelerating or delaying both payments of expenses and receipt of income, purchasing or leasing capital assets. Includes numerous examples to facilitate understanding.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Pay No Income Taxes l
Jump into Business and Keep the
Keep Two or More Sets of Books Legally
12 other sections not shown
28 percent accrual method activity Add lines adjusted gross income Alternative Minimum Tax amortization amount assets attach Form attach schedule benefit Chapter Check classes of stock contractor controlled group cost court depreciation dividends dollars earnings employee enrolled agent Enter entertainment equipment estate tax example expenditures expenses firm flowerpot machine gift tax Herman hobby Horace Upholstery included income loss income tax return incurred individual income tax instructions interest inventory investment itemized deductions Janice liability LIMITED LIABILITY COMPANIES loan minus owner ownership paid partners partnership payment poration private letter rulings purchase regulations retum Revenue salary Sally self-employed sell services are performed social security tax sold sole proprietor sole proprietorship spouse standard deduction stockholders Subtract line tax bracket Tax Picture tax rate tax rules taxable income taxpayer tents trade or business worker