Taxpertise: The Complete Book of Dirty Little Secrets and Tax Deductions for Small Businesses the IRS Doesn't Want You to Know

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Entrepreneur Press, Jun 2, 2009 - Business & Economics - 264 pages
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Keep Your Money!

Taxpayer champion and enrolled agent Bonnie Lee puts the IRS under the microscope and uncovers proven methods, and surprisingly simple strategies to minimize your taxable income, maximize deductions, and, ultimately-add thousands back to your business' bottom line!

Do you owe an insurmountable sum to the IRS? Pay pennies on the dollar. Secret formula the IRS uses to determine an acceptable offer is revealed-Page 246

Save tax dollars simply by reorganizing your workspace-Page 17

Stuff tax dollars back into your pocket by fixing errors on your balance sheet-Page 50

Eat tax-free! Some meal expenses are 100 % deductible. Find out what qualifies-Page 56

Got a great hobby you're turning into a bona fide business? Deduct the losses by following these guidelines-Page 99

Is your home office a red flag?-Page 107

You inherited Grandma's house. Do you have to pay taxes on it?-Page 121

Can you write off your clothing?-Page 133

Under IRS audit? Learn “audit speak” to deal effectively with the IRS-Page 215

What is an Enrolled Agent?
A federally-authorized tax practitioner who has technical expertise in the field of taxation and who is empowered by the U.S. Department of the Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for audits, collections, and appeals.

 

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This book is HOT!

User Review  - Deva - Borders

Finally a book about money and taxes which doesn't put you to sleep. It is easy and fun to read, even easier to follow! I just love all the dirty little secrets exposed in such a simple yet comprehensive way! Bonnie, what a great gift for everyone! BRAVA! Read full review

Contents

You Too Can Be Organized
3
Go Ahead Try This at HomeNo Helmet Required
13
CHAPTER
15
CHAPTER
20
So Whats the Plan Bob?
29
Or How the IRS Takes the Fun Out of SelfEmployment
47
Choice of Legal Entity
53
Your Decision Should Not Be Based on Looks Alone
65
PART IV
149
Are You Ready to Meet the Grave and Scary Side of the IRS?
161
Who Qualifies and Who Raises Red Flags
169
PART V
177
Overpayment
183
Audits
189
Invited to an IRS Audit?
195
PART VI
205

PART II
77
Home Sweet Home Office
87
CHAPTER
93
What Is Business Income?
97
Just What Can I Deduct?
107
Vehicle Expense
121
Business Meals and Entertainment
129
Business Travel
139
Collections
215
Penalties
221
An Offer in Compromise
229
Innocent Spouse
235
Financial Wellness
243
PART VII
249
About the Author
255
Copyright

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About the author (2009)

Bonnie Lee is an Enrolled Agent (E.A.) admitted to practice at all levels within the IRS representing tax payers in all 50 states. She founded Symmetry Business Services to represent taxpayers in audits, offers in compromise, tax problem resolution and to help non-filers safely reenter the system. She has served as a champion to taxpayers for more than 25 years.

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