J.K. Lasser's Small Business Taxes 2016 : Your Complete Guide to a Better Bottom Line

Small Business Taxes 2016 Contents Preface Introduction Special Rules for Small Businesses Part 1: Organization Chapter 1: Business Organization Sole Proprietorships Partnerships and Limited Liability Companies S Corporations and Their Shareholder-Employees C Corporations and Their Shareholder-Employees Employees Factors in Choosing Your Form of Business Organization Forms of Business Organization Compared Changing Your Form of Business Tax Identification Number Chapter 2: Tax Year and Accounting Methods Accounting Periods Accounting Methods Uniform Capitalization Rules. Chapter 3: Recordkeeping for Business Income and DeductionsGeneral Recordkeeping Specific Substantiation Requirements for Certain Expenses Records for Depreciation, Basis, Carryovers, and Prepaid Expenses How Long You Should Maintain Records Part 2: Business Income and Losses Chapter 4: Income or Loss from Business Operations Business Income Income for Service Businesses Income from the Sale of Goods Income from Farming Investment-Type Income Miscellaneous Business Income State Income Taxes on Business Income Net Operating Losses Limitations on Business Losses. Income Earned AbroadChapter 5: Capital Gains and Losses What Are Capital Gains and Losses? Tax Treatment of Capital Gains and Losses for Pass-Through Entities Tax Treatment of Capital Gains and Losses for C Corporations Sales of Business Interests Special Situations Chapter 6: Gains and Losses from Sales of Business Property Section 1231 Gains and Losses Sale-Leasebacks Installment Sales Recapture Involuntary Conversions Abandonment, Foreclosure, and Repossession of Property Sale of All the Assets of the Business Part 3: Business Deductionsand Credits. Chapter 7: Employee CompensationWorker Classification Temporary Workers and Outsourced HR Deductible Employee Compensation Compensation to Owners Stock Options and Restricted Stock Deferred Compensation Disallowance Repayment Agreements Employee Benefits Nonstatutory Fringe Benefits Cafeteria Plans Employment Tax Credits Chapter 8: Travel and Entertainment Expenses Local Transportation Costs Travel within the United States Foreign Travel Conventions Living Away from Home on Temporary Assignments Meal and Entertainment Expenses Business Gifts Reimbursement Arrangements. Recordkeeping RequirementsEmployees Chapter 9: Car and Truck Expenses Deducting Car Expenses in General Actual Expense Method Standard Mileage Allowance Leasing a Car for Business Arranging Car Ownership Employee Use of an Employer-Provided Car Vehicle Trade-In Trucks and Vans Credit for Plug-In Electric Vehicles Reimbursement Arrangements Recordkeeping for Car Expenses Chapter 10: Repairs, Maintenance, and Energy Improvements Ordinary Repairs Rehabilitation Plans Special Rules for Improvements for the Elderly and Handicapped. Stop overpaying on your small business taxes! J.K. Lasser's Small Business Taxes 2016 helps small business owners maximize their bottom line with straightforward, yet comprehensive guidance from the most trusted name in tax. Featuring a complete listing of all available business expense deductions, including dollar limits and record-keeping requirements, this book helps you quickly determine what kind of tax relief is available to you, and how to take it--all the way down to where to claim deductions on the forms themselves. Tax facts, strategies, and the latest up-to-date information help ensure that you don't miss out on money-saving opportunities, and sample forms and checklists help you get organized and submit a complete and proper filing. You're an expert on your business, not on taxes. But you still have to pay them. Millions of small business owners pay too much because they lack the time and expertise to identify deductions designed with them in mind. This book aims to put a stop to overpayment in 2016, so you can put more of your time and money back where it belongs.-Simplify tax time and focus on your business -Reduce your tax bill easily and legally -Find the answers that are relevant to your business -Understand deductions and how to take them properly. As a small business owner, your plate is full just keeping your business going. You don't have the time or energy to start a second career as a tax accountant, yet you don't want to overpay the IRS when that money could do great things for your business. J.K. Lasser's Small Business Taxes 2016 is your solution manual for a streamlined tax time and substantial tax savings Stop overpaying on your small business taxes! J.K. Lasser's Small Business Taxes 2016 helps small business owners maximize their bottom line with straightforward, yet comprehensive guidance from the most trusted name in tax. Featuring a complete listing of all available business expense deductions, including dollar limits and record-keeping requirements, this book helps you quickly determine what kind of tax relief is available to you, and how to take it—all the way down to where to claim deductions on the forms themselves. Tax facts, strategies, and the latest up-to-date information help ensure that you don't miss out on money-saving opportunities, and sample forms and checklists help you get organized and submit a complete and proper filing. You're an expert on your business, not on taxes. But you still have to pay them. Millions of small business owners pay too much because they lack the time and expertise to identify deductions designed with them in mind. This book aims to put a stop to overpayment in 2016, so you can put more of your time and money back where it belongs. Simplify tax time and focus on your business Reduce your tax bill easily and legally Find the answers that are relevant to your business Understand deductions and how to take them properly As a small business owner, your plate is full just keeping your business going. You don't have the time or energy to start a second career as a tax accountant, yet you don't want to overpay the IRS when that money could do great things for your business. J.K. Lasser's Small Business Taxes 2016 is your solution manual for a streamlined tax time and substantial tax savings. J.K. Lasser's Small Business Taxes is designed to help business owners make sense of their taxes and file correctly, on time, without over- or under-paying. Maximize your bottom line with a complete listing of all available business expense deductions, small business tax planning strategies, and the most up-to-date tax laws and requirements, including plain-English instructions on how to qualify, how to claim, and how to file A tax guide for small American businesses offers comprehensive and straightforward tax planning suggestions, including useful advice on how to use deductions, shield income, and maximize the tax code.