Description
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 business bad debts. This book also has updated information on Section 179 expensing and bonus depreciation, as well as 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--especially if the IRS comes calling.
This edition has an updated section on tax credits and deductions for electric vehicles as well as guidance on filing a beneficial ownership information report with the federal government.
Author: Stephen Fishman
Publisher: NOLO
Published: 11/26/2024
Pages: 464
Binding Type: Paperback
Weight: 1.54lbs
Size: 8.80h x 6.90w x 1.20d
ISBN13: 9781413332155
ISBN10: 1413332153
BISAC Categories:
- Business & Economics | Taxation | Small Business
- Law | Taxation
- Business & Economics | Personal Finance | Taxation