Deduct It!

Deduct It!

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Completely updated for 2014 returns! Deduct It! shows you how to maximize your business deductionsa€”quickly, easily and legally. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over. It covers deductions for: start-up and operating expenses travel, meals and entertainment home offices (including new IRS rules) health care equipment and inventory Obamacare and more Includes detailed information on the new health care law (Obamacare) and how it affects small business owners, including the health insurance mandate for individuals and businesses with employees, credits and deductions under the new law, IRS penalties for noncompliance, and Obamacare's impact on HRAs (Health Reimbursement Arrangements) and HSAs (Health Savings Accounts). Deduct It! shows you how to avoid problems with the IRS, including having your business classified as a hobby. It also explains how to amend your tax return if necessary. Whether your enterprise is just starting or well established, this book is indispensable to your financial success.If you convert a car that you previously owned for personal use to a business car, your basis in the car is the lower of what you paid ... You can determine the fair market value by checking used car value guides, such as the Kelley Blue Book.

Title:Deduct It!
Author: Stephen Fishman
Publisher:Nolo - 2014-11-13

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