Deduct It!: Lower Your Small Business Taxes

Reduce your taxesDeduct It! shows you how to maximize your business deductions--quickly, easily, and legally. Whether your business is just starting or well established, this book is indispensable to your financial success. It covers deductions for: start-up and operating expenses travel and meals home offices medical expenses equipment and inventory and more. Learn the rules for deducting net operating losses, state income taxes with a pass-through entity, and business bad debts. This book also has updated information on Section 179 expensing and bonus depreciation, as well as everything you need to know about the 20% pass-through deduction. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over--especially if the IRS comes calling.This edition has an updated section on tax credits and deductions for electric vehicles as well as guidance on filing a beneficial ownership information report with the federal government.Author: Stephen FishmanBinding Type: PaperbackPublisher: NOLOPublished: 11/26/2024Pages: 464Weight: 1.54lbsSize: 8.80h x 6.90w x 1.20dISBN: 9781413332155