Home Business Tax Deductions: Keep What You Earn

by Stephen Fishman

Book Overview

Pay less to the IRS

For any home business, claiming all the tax deductions you are entitled to is essential to your business's financial success. Don't miss out on the many valuable deductions you can claim. Here, you'll find out how to deduct:

start-up costs home office expenses vehicles, meals, and travel expenses medical expenses, and retirement expenses.

You'll also learn how to keep accurate, thorough records in case the IRS...

• Format: Paperback
• Language: English
• ISBN: 1413326854
• ISBN13: 9781413326857
• Release Date: November 2019
• Publisher: NOLO
• Length: 400 Pages
• Weight: 1.40 lbs.
• Dimensions: 0.8" x 6.9" x 8.9"

Customer Reviews

Very Good selef help book !

I am engineering / management consultant working from home. I did not had any tax breakground. This book explained many tax issues in a very layman's terms!! I realy liked the exemples for each tax questions.

Great help for Schedule C and 8829

I'm working on my schedule C and 8829 and every so often I get to a question I don't understand. I go to the IRS instructions and their web site and it's as clear as used motor oil. It's enough to drive you insane. Picked up this book and it's spelled out in plain English. No need to read a passage five times to understand. As others have stated, you need this BEFORE you start your business and you need it a year before you do your taxes. In other words, it will help you along with your 2006 return and you can learn from it on how to do a better job for 2007 by keeping the right documents and receipts in order to get even bigger legitimate deductions. I know I wish I'd had this book last year! With that said, this is not a line-by-line assistant for Schedule C and the 8829 which I wish it was at times. There are just times when the IRS uses a specific term on a specific line and it would help to have a layman's definition at hand. I didn't get that with this book. Nonetheless, it's been one of the best sources of information I've found for doing one's self employment tax forms.

Home Business Tax Deductions Review

This is a great book and well worth the money. It is well layed out and organized. I found it easy to find information. It is very detailed and covers all the basic information needed to get a small business started. The book is well written in that it explains everything in an easy to understand manner.

The Written Rules and the Real Rules in Plain English

This book starts off with a very good description of what this book is all about: John and Jane both gross $50,000 a year. John gets $40,000 after taxes, Jane gets $45,000. The difference - John works for someone and goes into work. Jane works at home and gets to deduct her home office expenses. The IRS allows you to deduct your expenses of maintaining a home office. At the same time, the IRS rules are fairly comples, and home office expenses are often overstated or subject to outright fraud. So the IRS tends to look at them fairly carefully, they have been known to come to your house to see what your office looks like. This book, updated to be current for 2006, explains the rules as written down, the rules as actually followed and gives you some tips as to what you should, shouldn't, must, and mustn't do. Beyond the official rules, which are messy enough, there are more or less unknown rules, i.e. computer software that you buy is written off one way (well actually two or three ways), software you create, either for yourself or for sale, is handled quite differently. This book is well written, simple to read and up to date with current law.

Outstanding - more than paid for itself.

I wish I'd had this before I started my business. Plain english explanations and chock full of good tips. This book more than paid for itself the first day! If you are starting a business in your home, you NEED this book. Especially if you find TAX laws confusing this will be an immense help. Preferably read it before you officially start. It will save you a bundle. Indexing is excellent; very easy to find what you want and the explanations are clear and concise. Definetly recommended.