| Description |
450 pages : illustrations ; 23 cm |
| Note |
"Covers the latest tax law changes"--Cover. |
|
"This edition has a new chapter explaining how to get paid and pay others with Bitcoin or another cryptocurrency— and what it means for your taxes."--Back cover. |
| Bibliography |
Includes bibliographical references and index. |
| Contents |
Introduction -- Tax deduction basics -- Are you really in business? -- Start-up expenses -- Business operating expenses -- Deducting long-term assets -- Inventory -- Office expenses -- Car and local travel expenses -- Business travel -- The pass-through tax deduction -- Hiring workers -- Retirement deductions -- Medical expenses -- Additional deductions -- Using cryptocurrency in your business -- Record keeping and accounting -- Staying out of trouble with the IRS. |
| Summary |
"Reduce your taxes. Deduct It! shows you how to maximize your business deductions— quickly, easily, and legally. Whether your business is just starting or well established, this book is indispensable to your financial success. It covers deductions for: start-up and operating expenses, travel and meals, home offices, medical expenses, equipment and inventory, and more. Learn the rules for deducting: net operating losses, state income taxes with a pass-through entity, and cryptocurrency given to a charity. The book also has updated information on COVID-related tax credits and everything you need to know about the 20% pass-through deduction. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over." -- Description provided by publisher. |
| Subject |
Small business -- Taxation -- Law and legislation -- United States -- Popular works.
|
|
Tax deductions -- United States -- Popular works.
|
| Genre |
Law for laypersons.
|
| Added Author |
Nolo (Firm), publisher.
|
| Added Title |
Nolo. Deduct it!, [2023] : lower your small business taxes |
| ISBN |
9781413330168 (paperback) |
|
1413330169 (paperback) |
|
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