Reduce your tax burden with the only plain-English guide to deductions written especially for professionals.
Winner of the Independent Book Publishers Association's Benjamin Franklin Award.
Architects, lawyers, dentists, chiropractors, doctors and other licensed professionals are subject to special tax rules. With this book, learn how to pay less to the IRS at tax time by taking advantage of valuable tax deductions you are entitled to take.
Comprehensive, easy-to-read, and filled with interesting examples, Tax Deductions for Professionals lays out and explains the common deductions you may qualify to take, including:
- start-up and operating expenses
- health care expenses
- vehicles and travel
- entertainment and meals
- retirement plan contributions
- continuing education costs
- professional fees
- home office expenses
Tax Deductions for Professionals will also help you choose the best legal structure for your practice, with detailed information on limited liability companies, partnerships, and professional corporations.
The new edition is completely updated with the latest tax numbers and laws for 2014 returns.
|Edition description:||Tenth Edition|
|Product dimensions:||6.90(w) x 8.70(h) x 1.20(d)|
About the Author
Stephen Fishman is the author of many Nolo books, including Deduct It! Lower Your Small Business Taxes, Every Landlord's Tax Deduction Guide and Home Business Tax Deductions: Keep What You Earnplus many other legal and business books. He received his law degree from the University of Southern California and after time in government and private practice, became a full-time legal writer.
Table of Contents
Your Tax Deduction Companion
1. Tax Deduction Basics
2. Choice of Business Entity
3. Operating Expenses
4. Meal and Entertainment Expenses
5. Car and Local Travel Expenses
6. Long-Distance Travel Expenses
7. The Home Office Deduction
8. Deductions for Outside Offices
9. Deducting Long-Term Assets
10. Start-Up Expenses
11. Medical Expenses
12. Retirement Deductions
14. More Deductions
15. Hiring Employees and Independent Contractors
16. Professionals Who Incorporate
17. How You Pay Business Expenses
18. Amending Tax Returns
19. Staying Out of Trouble With the IRS
20. Record Keeping and Accounting
21. Help Beyond This Book