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ePub Tax Deductions for Professionals download

by Stephen Fishman

ePub Tax Deductions for Professionals download
Author:
Stephen Fishman
ISBN13:
978-1413307825
ISBN:
1413307825
Language:
Publisher:
NOLO; 3rd edition (January 14, 2008)
Category:
Subcategory:
Taxation
ePub file:
1839 kb
Fb2 file:
1911 kb
Other formats:
lit docx mbr txt
Rating:
4.5
Votes:
396

Stephen Fishman is the author of many Nolo books, most recently Tax Deductions for Professionals.

Stephen Fishman is the author of many Nolo books, most recently Tax Deductions for Professionals. Other titles include Deduct It! Lower Your Small Business Taxes, Every Landlord's Guide to Tax Deductions and Home Business Tax Deductions: Keep What You Earn—plus many other legal and business books. All are published by Nolo. He received his law degree from the University of Southern California in 1979. After stints in government and private practice, he became a full-time legal writer in 1983. Other titles include Deduct It! Lower Your Small Business Taxes, Every Landlord's Tax Deduction Guide and Home Business Tax Deductions: Keep What You Earn—plus many other legal and business books. After time in government and private practice, he became a full-time legal writer in 1983. Series: Tax Deductions for Professionals. Paperback: 566 pages.

Plus - unlike any other book on the market - Tax Deductions for Professionals can help you choose the best legal structure for your practice, the most important business (and tax) decision you'll make.

Tax Deductions for Professionals will also help you choose the best legal structure, with detailed information on limited liability companies, partnerships, and professional corporations. All the information in the book remains up-to-date for the 2017 tax year. The changes brought about by the Tax Cuts and Jobs Act all take effect in 2018, except for an increase in bonus depreciation which took effect September 27, 2017.

Tax Deductions for Professionals. A tax deduction guide just for professionals. Winner of the Independent Book Publisher's Association's Benjamin Franklin Award. 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. Find out how to deduct: start-up expenses. Tax Deductions for Professionals will also help you choose the best legal structure, with detailed information on limited liability companies, partnerships, and professional corporations. To read this book, upload an EPUB or FB2 file to Bookmate.

Tax Deductions For Professionals book. Goodreads helps you keep track of books you want to read. Start by marking Tax Deductions For Professionals as Want to Read: Want to Read savin. ant to Read. Understanding tax deductions is an essential part of any.

professionals who engage in these and many other fields have specific tax concerns. Fortunately, Tax Deductions for Professionals is here to help them with their unique needs.

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Save up to 80% by choosing the eTextbook option for ISBN: 9781413324617, 1413324614. The print version of this textbook is ISBN: 9781413324600, 1413324606. You are currently visiting our US store. You may visit any one of our stores by selecting a country below. Note that the availability of products for purchase is based on the country of your billing address. Some items may have regional restrictions for purchase. Canadian customers may purchase from our stores in Canada or the US. Canada.

The only "know how" guide for professionals who want to reduce their tax burden. Winner of the Publishers Marketing Association's 'Benjamin Franklin Award'. If you're ready to hold on to more of your hard-earned money, turn to Tax Deductions for Professionals. Comprehensive, easy to read and filled with interesting examples, the book is organized into practical categories featuring common deductions, including: start-up and operating expenses, health deductions, vehicles and travel, entertainment and meals, home office and many more! Plus -- unlike any other book on the market -- Tax Deductions for Professionals can help you choose the best legal structure for your practice, the most important business (and tax) decision you'll make. The book also covers putting money into retirement accounts, the tax implications of owning the building you work in, and deducting the cost of continuing education, professional fees and other expenses. The 3rd edition is completely updated with the latest tax numbers and laws for 2008.
  • This is a great book to read and for reference if you're a professional, and especially if you're a doctor, dentist, attorney or CPA (count me in this group). Ok, it's a big book but it's really two books in one. First, it's about reducing taxes through legitimate business deductions (big subject). Second, it's about understanding the IRS, how it operates and what it likely sees when it sees your return.

    Tax deductions as a subject generally become compelling once you've lost a lot of money not claiming them. This made me want to get some good sources, like this book. You can see the Chapters by clicking on Look Inside. I found all of it useful, with the recent developments cited and explained. Consideration is given for every category of deduction concerning mistakes taxpayers make, potential consequences and the likelihood of them.

    The part about staying out of trouble with the IRS changed my perspective. Whereas taxpayers generally fear the IRS, this book helps us to confront what we fear and gives basic rules for navigating the relationship. When dealing with the IRS, prudence always is the better part of valor. Throughout the year, I have a lot to think about and due diligence to perform. I know what it's like to wait until after a calendar year ends to start thinking about tax filings, and I'm never doing that again.

    I recommend this book for all professionals, individuals that can deduct the expense of it and learn how to deduct business expenses of all types.

  • If you have read the similiar book for Nonprofits this book is much like the Nonprofit book. If you have not read the Nonprofit book, this book provides insight on tax deductions for professionals. The only negative is the book focuses on different types of businesses and often refers to forming a practice. I would like the book to be more geared toward any profession not just corporations, nonprofits, and professions such as doctors.

  • I love this book. I practice tax professionally, and so frequently consult the Code directly, but this is a very nice, clear, easy approach to a confusing subject.

  • This is a great book for a new professional starting their own office. It steps you through all the different types of business structures for professionals and the tax treat of each, in minute detail. Really great book, we're using it to start a law office. The same author has written another great book, Deduct it! Lower your Small Business Taxes. While it is also a great book, I would suggest that you NOT purchase both books. A lot of large sections of text are identical between the two books. For professionals, I'd just go with this one and skip Deduct It!

  • I am an attorney who is leaving a firm and starting an s-corporation. Before doing so, I purchased and read this book and then discussed the concepts with another attorney who previously went out on her own and started an s-corporation. She was surprised that I knew so much about starting an s-corporation properly and she said that she made many costly tax mistakes which she would not have made had she read the book beforehand. She ended up owing the IRS $10,000.00 by not doing research beforehand.

  • Even if you have an accountant and/or financial planner, you are the one ultimately responsible for your own finances. I believe that this book arms you with enough information to make educated financial decisions, and make discussion with accountant and/or financial planner more effective.

  • I need for my business it was in excellent condition. it was on time and the price was good.thank you

  • I should first assert that I am a small business owner, and have worked with several friends to walk them through these exact types of things in order to set up their businesses. I wanted to read this book to see if this is something that I could offer that may be more helpful (this is not the type of work I do, people have just asked because they know that I have been through the setup process, and several tax seasons).

    Anyways, here is what I found:

    1. This product has way too much information geared towards C corporations. I think a general summary in the beginning about a C, and the inclusion of a basic statement that unless you are doing over 7 million, you will not be a C corporation, and at that point, you should hire a professional, staff accountant or controller who would know these laws. Which brings me to my second point...

    2. I feel like the author fails to recognize the audience. To me, I think the audience would be someone who is in the process of creating a small business, or a new small business.

    3. I think a lot was left out as far as the specifics in relationship to the small business. For example, they thoroughly covered mileage, except they didn't talk a lot about "home office" mileage, and not counting mileage from your "home office" etc. The IRS is picky about this. The other one I noticed was the home office deduction. He first lists it in his red flag section, but then later mentions that tax laws have eased up. Although this is true, there are still so many guidelines to which the author sends you to the IRS tax form, which in my mind is useless. Even the IRS can't figure out their own tax forms.

    4. The last thing that really bothered me was the recommendation for being a Sole Proprietorship. This is true that most small businesses are SP, but one of my clients is a team of lawyers, and the liability for a SP is so great, I don't think I could ever recommend it. The SP has no further tax forms, but they still have to keep the same records, and for about 600.00/year you can pay an accountant to handle the S Corp returns/payroll, and save yourself what could be thousands of dollars in taxes, not even mentioning the liability a SP holds. On a side note, several years ago when I was first starting out, my accountant showed me the difference between the S Corp and SP return, and for what little amount I made at the time, it was almost a $2,000.00 savings over being a SP (after what I paid my accountant).

    Overall, this is a good book. It has a lot of pertinent information. However, I found it quite wordy for so many things. It is trying to encompass tax deductions for so many different types of businesses, with different tax setups. This creates a lot of information that is touched on, but not detailed for specific types of business (ie. construction vs. attorneys).

    If I were choosing a book, it would have the basic corporate types spelled out in the beginning, and then once you decide on a tax type it would have an additional book for the type of tax setup you choose, ie. s corporations vs. llc. In this book there is so much information that it really doesn't help getting into the specifics until you choose a tax type, otherwise it is just a big jumble of too much information.

    I would also add that when recommending getting started, I always say that after you pick your tax type, pick a computer program (peachtree or quickbooks), and then get one of their books to figure out what deductions to take, and how to enter those deductions directly into your books. Clean, well organized books are the key to saving yourself a lot of money when having an accountant prepare your taxes, and keep you from an audit.