Home Business Tax Deductions: Keep What You Earn
Nolo, Nov 9, 2010 - Business & Economics - 542 pages
Keep your hard-earned money in your home business!
Completely updated for 2010 returns
Tax deductions are essential to any business, but even more so when your office is also your home. Don't spend thousands on an accountant --turn to Home Business Tax Deductions and do it yourself!
Home Business Tax Deductions will help you write off:
The 7th edition is completely updated with all the latest tax information, eligibility requirements and deductions for 2010 returns. Home Business Tax Deductions also covers how to avoid being classified as a hobby business, steer clear of home-business tax scams, stay out of trouble with the IRS and take special deductions if your business loses money.
What people are saying - Write a review
A very useful DIY tax guide book!
“Home Business Tax Deductions” is a very useful DIY tax guide book. It explains complicated tax law in simple and plain English. For example, it tells you how you can correctly claim Sect. 179 bonus deductions. It also tells you that you can deduct up to $5,000 ($10,000 for 2010) for start-up expenses that you incur BEFORE you start your business. The tips on avoiding IRS audit are also great.
I used TaxCut software, but it is still good to have this book to explain some items in details.
Gang Chen, AIA, LEED AP BD+C, Author of “LEED GA Exam Guide,” “Architectural Practice Simplified,” “Planting Design Illustrated,” and other books on various LEED exams, Scribus, architecture, and landscape architecture
Just began reading this book but the information so far is priceless. Final review to be done once I complete it.
Your Home Business Tax Deductions Companion
1 Some Tax Basics
2 Are You Really in Business?
3 StartUp Expenses
4 Home Business Operating Expenses
5 Deducting LongTerm Assets
6 The Home Office Deduction
7 Meal and Entertainment Expenses
11 Hiring Workers
12 Medical Expenses
13 Retirement Deductions
14 Additional Home Business Deductions
15 Record Keeping and Accounting
16 Claiming Tax Deductions for Prior Years
17 Staying Out of Trouble With the IRS
18 Help Beyond This Book