Doing Business Tax-Free: Perfectly Legal Techniques to Reduce or Eliminate Your Federal Business Taxes

ISBN-13: 9780471418214 / Angielski / Miękka / 2001 / 288 str.

Robert A. Cooke

Opis

Save tons of money with the secrets to avoiding income taxes

Could it be possible to run your business without paying federal and state income tax for at least 36 months? What if you're not in business-how about reducing or completely wiping out your income tax? It may sound too good to be true, but the answer is YES. In this easy-to-use, plain-English book, Robert A. Cooke shows how you can legally use the tax rules to your advantage. Doing Business Tax-Free, Second Edition is packed with tax-saving concepts and ideas and clear explanations on how to apply them to your own situation.

Numerous examples help you understand crucial tax-planning maneuvers and form a game plan, which, with a little professional fine-tuning, will alleviate your income tax burden. Plus, you'll save even more money by learning how to keep professional fees to a minimum and shorten your time in the tax preparer's office.

New to the Second Edition:
* Recomputes examples involving computation of individual income taxes with year 2000 tax rates
* Features updated sections on S corporations, limited liability companies, and loss carryovers
* Covers the new, simpler "check-the-box" rules for satisfying IRS requirements for taxation of a limited liability company
* Guarantees postings of future significant changes to the tax rules regarding S corporations on the author's Web site, www.robertcooke.com-which you can check for updates as you read the book
* Includes revised rules for home offices

Spis treści

Introduction.

Pay No Income Taxes.

Organize Your Business for the Smallest Tax Bite.

Jump into Business and Keep the IRS from Becoming a Greedy Partner.

Keep Two or More Sets of Books (Legally) and Other Accounting Tricks.

Change Personal Expenses into Business Tax Deductions.

Taking Money Out of Your Business.

Spread the Tax Burden Around the Family.

Pay Taxes Late, Years Late, Without Penalty or Interest.

Don′t Ignore the Alternative Minimum Tax (AMT).

Select and Use Professional Help.

Appendix A: Tax Rate Schedules for 2000.

Appendix B: Often Misunderstood Tax Concepts.

Appendix C–1: IRS Ruling on Deducting the Expense of Investigating a Business.

Appendix C–2: Definition of Research and Experimental Expenditures.

Appendix C–3: Deductibility of Computer Software Research.

Appendix C–4: Self–Employed Status.

Appendix C–5: Business or Hobby?

Appendix C–6: Some IRS Rules on Business Entertainment.

Appendix C–7: Low Tax on Multiple Corporations.

Appendix D: Federal Tax Forms.

Appendix E: Glossary.

Index.

O autorze

ROBERT A. COOKE, CPA, has had twenty years of experience in public accounting. He has taught numerous seminars on finance and accounting for Prior Resources, Inc., and is the author of several successful books, including How to Start Your Own Subchapter ′S′ Corporation and the first edition of Doing Business Tax–Free, both from Wiley.