HOME BUSINESS TAX DEDUCTIONS Keep What You Earn

The 5th edition is completely updated with all the latest tax information, eligibility requirements and deductions for 2008 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.

User Ratings and Reviews

5 Stars perfection
This seller sent this to me very fast and it was in the speciied condition if not better.

5 Stars it might be worth its weight in gold for you.
The winding road of business has many pitfalls. This is a must have guide that will help keep you safe.

CS

5 Stars Fantastic resource
If you’re a small business person, or thinking about becoming one, this is a very good reference. It provides a good perspective on all the major area of tax concern that most small businesses will be involved with and does so with good explanations and discussions. I’ve done my fair share of accounting over the last few years and still found this to be a very worthwile resources. Definitely recommended.

5 Stars Will pay for itself almost immediately…
As I have a small side business related to my writing activities, I have to pay attention to all those tax-related matters. I found this book of interest at the library… Home Business Tax Deductions: Keep What You Earn by Stephen Fishman. It’s probably one of the best tax guides I’ve seen, in that it’s readable, understandable, and practical.

Contents:

Home Business Tax Deduction Basics

Are You Really In Business?

Avoiding the Start-Up Tax Trap

Home Business Operating Expenses

Deducting Long-Term Assets

The Home Office Deduction

Meal and Entertainment Expenses

Car and Local Travel Expenses

Business Travel

Inventory

Hiring Workers

Medical Expenses

Retirement Deductions

Additional Home Business Deductions

Record Keeping and Accounting

Claiming Tax Deductions for Prior Years

Staying Out of Trouble With the IRS

Help Beyond This Book

Index

I’ve waded through tax books that are extremely comprehensive, as well as *huge*. The problem there is that you’re never quite sure if you’ve found everything you should be looking for. Fishman condenses those “phone book” guides into something around 450 pages that covers the most important aspects of the tax code that affect the home/small business owner. Instead of listing endless regulations and nuances, he gives you the information in a conversation style that doesn’t sacrifice detail for readability. That’s good, as you don’t want to end up in front of a tax auditor ill-prepared for the questions they may ask. In addition to the coverage of the laws and guidelines, he also includes a number of realistic examples so you can see how that aspect of tax law would apply to someone who might be in your same situation. The combination of information and application make this a valuable guide that can easily save you the purchase cost of the book come April 15th.

I personally found the information reassuring, as I was able to confirm that the taxes I’ve done in the past have been accurate. If I had never had to do a Schedule C before, I’d consider this a must-read. Definitely worth buying…

5 Stars a complete product
A very detailed and easy to read complete book.

This book contains every single thing you need to know about tax deductibles items for the Home business, plus countless tips and advises on what to do and mistakes to avoid.

The format is as all NOLO type of books, extremely easy on the eyes and to follow.

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