J.K. Lasser's Small Business Taxes 2024 - Your Complete Guide to a Better Bottom Line

Expert small business tax guidance from America's favorite expertIn the newly revised J.K. Lasser's Small Business Taxes 2024: Your Complete Guide to a Better Bottom Line, renowned small business attorney and tax expert Barbara Weltman delivers the latest and most up-to-date edition of America's most trusted small business tax guide. In the book, you'll explore exactly how to minimize your 2023 business tax bill and position your business for 2024 tax savings with straightforward and comprehensive guidance that walks you through which deductions and credits to look out for and how to claim them.You'll discover what kinds of tax relief and green energy tax breaks are legally available to your small business and how to access them, complete with specific instructions on how to properly fill out IRS tax forms, what records to keep in case the IRS has questions, and applicable dollar limits. You'll also find:_ Tax facts, strategies, checklists, and the latest information you need to e nsure you pay what you legally owe - and not a penny more_ Sample IRS forms that demonstrate how to properly claim the deductions and credits that apply to your small business_ New tax laws and the latest court decisions and IRS rulings that impact your bottom-line_ A complimentary new e-supplement containing the latest developments from the Internal Revenue Service (IRS) and CongressA must-read roadmap to properly completing this year's business taxes, J.K. Lasser's Small Business Taxes 2024 is your comprehensive and up-to-date guide to legally minimizing your tax bill while making sure Uncle Sam gets what he's owed.

Inhaltsverzeichnis:

Preface vIntroduction ixPart 1 Organization 11. Business Organization 32. Tax Year and Accounting Methods 373. Recordkeeping for Business Income and Deductions 52Part 2 Business Income and Losses 634. Income or Loss from Business Operations 655. Capital Gains and Losses 976. Gains and Losses from Sales of Business Property 116Part 3 Business Deductions and Credits 1297. Employee Compensation: Salary, Wages, and Employee Benefits 1318. Travel, Meals, and Gift Expenses 1649. Car and Truck Expenses 18610. Repairs, Maintenance, and Energy Improvements 21011. Bad Debts 22712. Rents 23813. Taxes and Interest 24814. First-Year Expensing, Depreciation, Amortization, and Depletion 26315. Advertising Expenses 29716. Retirement Plans 30317. Casualty and Theft Losses 34618. Home Office Deductions 36019. Medical Coverage 37820. Deductions and Tax Credits for Farmers 39721. Qualified Business Income Deduction 40822. Miscellaneous Business Deductions 42223. Roundup of Tax Credits 456Part 4 Tax P lanning for Your Small Business 46924. Income and Deduction Strategies 47125. Distributions from Your Business 48526. Tax Strategies for Opening or Closing a Business 48927. Tax Strategies for a Sideline Business 50228. Tax Strategies for Multiple Businesses 50629. Alternative Minimum Tax 51130. Other Taxes 51531. Filing Tax Returns, Paying Taxes, and Making Refund Claims 53232. Retirement and Succession Planning 54533. Working with CPAs and Other Tax Professionals 55334. Handling Audits with the IRS 557Appendix A. Information Returns 563Appendix B. Tax Penalties 571Appendix C. Checklist of Tax-Related Corporate Resolutions 577Appendix D. List of Dollar Limits and Amounts Adjusted for Inflation 579Index 583