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Mark Skousen"Savage's book is a powerful shield against the unguided missiles of the IRS."
-- Editor, Forecast & Strategies
In this lively book, veteran tax attorney Michael Savage provides essential tax advice to small business owners, many of whom pay exorbitant tax fees for mistakes that may have easily been avoided. Without staff attorneys at their disposal, small businesses can get into big financial trouble, not out of dishonesty, but because they don’t know where the potential tax landmines lie.Concise, practical and irreplaceably instructive, Don’t Let the IRS Destroy Your Small Business covers seventy-six areas of tax law that cause business owners the most trouble, regardless of what business they are in: payroll tax liability, excessive salaries, travel and entertainment expenses, fringe benefits, pension plans, owning multiple companies, and many more.
|Introduction: Who Makes the Mistakes and Why?|
|Ch. 1||Interest and Penalties||1|
|Ch. 3||Independent Contractors||16|
|Ch. 4||Salaries, Dividends, and Loans||28|
|Ch. 5||Travel and Entertainment Expenses||44|
|Ch. 6||Cars, Planes, and Other Fringe Benefits||65|
|Ch. 7||Home-Office Deductions||77|
|Ch. 8||Deducting Interest on Business Loans||88|
|Ch. 9||Retirement Plans||102|
|Ch. 10||S Corporations||116|
|Ch. 11||Owning More than One Business||135|
|Ch. 12||Estate Planning for Small-Business Owners||145|
Posted March 15, 2000
This book is good if you are starting your first business. It is written in simple, easy to understand terms. The author addressed several common misconceptions about what an owner can and cannot do with his 'own money'. It can save you some IRS headaches in the future.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.