James O. Parker received his law degree from Memphis State University Humphreys School of Law. He received his LLM in taxation from Emory University School of Law. Mr. Parker currently practices in the areas of taxation, business law, probate and real estate. His private practice is located in Memphis, Tennessee.
Tax Power For The Self-Employedby James Parker
Tax Power for the Self-Employed addresses the specific and particular tax laws and regulations facing a self-employed individual. Unlike other small businesses, it focuses on the individual who either runs a single-person small business (or one with an otherwise limited number of employees) or the person who does something to make extra money that he or she may consider a hobby or side job, but from which the IRS expects tax to be paid.
Discussions of specific concern to the self-employed person include Schedule C deductions, with particular emphasis on changes in Sec. 179 deductions that target self-employed individuals for increased capital investments. Additional attention is placed on strategies for taking deductions to lower income subject to the self-employed tax, a totally separate tax from income tax. An entire chapter is devoted to the self-employment tax and Schedule SE.
With the latest IRS rules, regulations and decisions, as well as tax-planning strategies, any self-employed individual can feel confident that they are meeting all of their tax requirements while maximizing their tax savings.
Meet the Author
and post it to your social network
Most Helpful Customer Reviews
See all customer reviews >