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Home Business Tax Deductions: Keep What You Earn » (Revised)

Book cover image of Home Business Tax Deductions: Keep What You Earn by Stephen Fishman

Authors: Stephen Fishman
ISBN-13: 9781413312782, ISBN-10: 1413312780
Format: Paperback
Publisher: NOLO
Date Published: December 2010
Edition: Revised

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Author Biography: Stephen Fishman

Stephen Fishman is the author of many Nolo books, most recently Tax Deductions for Professionals. Other titles include Deduct It! Lower Your Small Business Taxes, Every Landlord's Tax Deduction Guide and Home Business Tax Deductions: Keep What You Earn-plus many other legal and business books. He received his law degree from the University of Southern California in 1979. After time in government and private practice, he became a full-time legal writer in 1983.

Book Synopsis

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:

  • your home office

  • start-up and operating expenses

  • vehicles and travel

  • entertainment and meals

  • health insurance and medical bills

  • inventory

  • equipment

    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.

    Cleveland Plain Dealer

    Translates complicated tax-law jargon into words you can understand and apply to your home-based business without hiring a CPA...

  • Table of Contents

    1 Some Tax Basics 3

    2 Are You Really in Business? 23

    3 Start-Up Expenses 51

    4 Home Business Operating Expenses 65

    5 Deducting Long-Term Assets 77

    6 The Home Office Deduction 133

    7 Meal and Entertainment Expenses 169

    8 Car and Local Travel Expenses 187

    9 Business Travel 227

    10 Inventory 257

    11 Hiring Workers 271

    12 Medical Expenses 307

    13 Retirement Deductions 343

    14 Additional Home Business Deductions 361

    15 Record Keeping and Accounting 399

    16 Claiming Tax Deductions for Prior years 441

    17 Staying Out of Trouble With the IRS 453

    18 Help Beyond This Book 469

    Index 489

    Subjects