J.k. Lasser''s Small Business Taxes 2021 - Your Complete Guide to a Better Bottom Line

Minimize your taxes and maximize your refund with this expert guide to your small business tax returnTaxes remain one of the biggest headaches and costs for small businesses around the United States. J.K. Lasser's Small Business Taxes 2021 delivers an approachable but expert guide in legally limiting your tax liabilities while maximizing your deductions and credits. You'll be in great hands as Barbara Weltman - attorney, expert, and author - shows you what tax relief is available to you and how to claim it.You'll discover how to:* Make tax-savvy business decisions* Take advantage of COVID-19-related tax breaks* Pick the right forms to claim available deductions and credits* Use legal and effective tax strategies to minimize your taxes payable* Use sample forms and checklists to get organized* Keep the right records in case the IRS comes callingWhether you're filing your small business' taxes or you work with a tax professional, J.K. Lasser's Small Business Taxes 2021 will walk you through the tax process for 2020 returns and tax planning for 2021 to optimize your tax savings and minimize your audit exposure.

Sommario

Preface viiIntroduction xiPart 1 Organization 11. Business Organization 32. Tax Year and Accounting Methods 443. Recordkeeping for Business Income and Deductions 62Part 2 Business Income and Losses 754. Income or Loss from Business Operations 775. Capital Gains and Losses 1166. Gains and Losses from Sales of Business Property 139Part 3 Business Deductions and Credits 1557. Employee Compensation: Salary, Wages, and Employee Benefits 1578. Travel, Meals, and Gift Expenses 2059. Car and Truck Expenses 23210. Repairs, Maintenance, and Energy Improvements 26011. Bad Debts 28012. Rents 29413. Taxes and Interest 30614. First-Year Expensing, Depreciation, Amortization, and Depletion 32515. Advertising Expenses 36716. Retirement Plans 37517. Casualty and Theft Losses 42318. Home Office Deductions 44019. Medical Coverage 46220. Deductions and Tax Credits for Farmers 48721. Qualified Business Income Deduction 50022. Miscellaneous Business Deductions 51523. Roundup of Tax Credits 559Part 4 Tax Planning for Your Small Business 57724. Income and Deduction Strategies 57925. Distributions from Your Business 59726. Tax Strategies for Opening or Closing a Business 60227. Tax Strategies for a Sideline Business 61728. Tax Strategies for Multiple Businesses 62229. Alternative Minimum Tax 62930. Other Taxes 63531. Filing Tax Returns, Paying Taxes, and Making Refund Claims 65732. Retirement and Succession Planning 67533. Working with CPAs and Other Tax Professionals 68434. Handling Audits with the IRS 689Appendix A. Information Returns 695Appendix B. Tax Penalties 704Appendix C. Checklist of Tax-Related Corporate Resolutions 711Appendix D. List of Dollar Limits and Amounts Adjusted forInflation 714Index 719

Info autore

BARBARA WELTMAN is an attorney and a nationally recognized expert in taxation for small businesses, as well as the author of many top-selling books on taxes and finance, including J.K. Lasser's 1001 Deductions & Tax Breaks. She is also the publisher of Idea of the Day(r) and Big Ideas for Small Business(r), a contributor to SBA.gov, and quoted regularly in major publications (including the New York Times, the Wall Street Journal, and Money magazine). Visit her at www.BigIdeasForSmallBusiness.com.

Riassunto

Minimize your taxes and maximize your refund with this expert guide to your small business tax return

Taxes remain one of the biggest headaches and costs for small businesses around the United States. J.K. Lasser's Small Business Taxes 2021 delivers an approachable but expert guide in legally limiting your tax liabilities while maximizing your deductions and credits. You'll be in great hands as Barbara Weltman - attorney, expert, and author - shows you what tax relief is available to you and how to claim it.

You'll discover how to:
* Make tax-savvy business decisions
* Take advantage of COVID-19-related tax breaks
* Pick the right forms to claim available deductions and credits
* Use legal and effective tax strategies to minimize your taxes payable
* Use sample forms and checklists to get organized
* Keep the right records in case the IRS comes calling

Whether you're filing your small business' taxes or you work with a tax professional, J.K. Lasser's Small Business Taxes 2021 will walk you through the tax process for 2020 returns and tax planning for 2021 to optimize your tax savings and minimize your audit exposure.

Dettagli sul prodotto

• Autori: Weltman, Barbara Weltman
• Editore: Wiley, John and Sons Ltd
• Lingue: Inglese
• Formato: Tascabile
• Pubblicazione: 31.12.2020
• EAN: 9781119740056
• ISBN: 978-1-119-74005-6
• Pagine: 768
• Serie: J.K. Lasser
• Categorie: Guide e manuali > Diritto, professione, finanze > Imposte; Scienze sociali, diritto, economia > Diritto > Imposte; Klein- und Mittelbetrieb, Finance & Investments, Finanz- u. Anlagewesen, Private Finanzen / Verbrauchsteuern, Personal Finance / Consumer Tax