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2023

Format:	Book
Author:	Weltman, Barbara, 1950- author.
Title:	J.K. Lasser's small business taxes 2023 : your complete guide to a better bottom line / Barbara Weltman.
Publisher, Date:	Hoboken, New Jersey : John Wiley & Sons, Inc., [2023] ©2023
Description:	xiv, 593 pages ; 26 cm
Summary:	Small business owners in the US face enough challenges without overpaying tax. Despite this, millions of small businesses miss out on crucial deductions, tax credits, and tax-saving moves every year, resulting in higher-than-necessary tax bills. In J.K. Lasser's Small Business Taxes 2023: Your Complete Guide to a Better Bottom Line, renowned attorney and small business advocate Barbara Weltman offers a thorough and exhaustively researched roadmap to legally minimizing your tax liability and maximizing your deductions and credits.
Subjects:	Small business -- Taxation -- Law and legislation -- United States. Small business -- Taxation -- Law and legislation. Small business -- Taxation -- United States.
Other Author:	Lasser, J. K. (Jacob Kay), 1896-1954. Small business taxes.
Other Title:	JK Lasser's small business taxes 2023 Small business taxes 2023
Notes:	Includes index.
Contents:	Preface -- Introduction -- Part 1: Organization -- Part 2: Business income and losses -- Part 3: Business deductions and credits -- Part 4: Tax planning for your small business -- Appendix A. Information returns -- Appendix B. Tax penalties -- Appendix C. Checklist of tax-related corporate resolutions -- Appendix D. List of dollar limits and amounts adjusted for inflation.
ISBN:	9781119931218 1119931215
Other Number:	1351694886
System Availability:	1
# Local items:	1
Call Number:	336.243 Weltman J.
# Local items in:	1
# System items in:	1
Current Holds:	0

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Comprehensive guide to small business tax write-offs and strategies from a leading name in tax

Small business owners in the US face enough challenges without overpaying tax. Despite this, millions of small businesses miss out on crucial deductions, tax credits, and tax-saving moves every year, resulting in higher-than-necessary tax bills. In J.K. Lasser's Small Business Taxes 2023: Your Complete Guide to a Better Bottom Line, renowned attorney and small business advocate Barbara Weltman offers a thorough and exhaustively researched roadmap to legally minimizing your tax liability and maximizing your deductions and credits.

In the book, you'll find tax facts and planning strategies that help you make business decisions in the most tax-efficient way possible. You'll also discover:

A complete list of the business expense deductions and tax credits available to you and what you need to do to qualify for them Up-to-date info on current tax law and procedure, including information on the latest relevant legislation Guidance on avoiding tax penalties and minimizing audit risk A heads-up on coming changes to help you plan for next year's taxes Sample forms and checklists to help you get organized and help you stay tax compliant A free e-supplement that includes the latest developments from the IRS and Congress

A concise and plain-English guide for every small business owner in America, Small Business Taxes 2023 is the detailed and accessible tax overview you've been waiting for.

Table of Contents

	Preface	p. v
	Introduction	p. ix
Part 1	Organization	p. 1
1	Business Organization	p. 3
2	Tax Year and Accounting Methods	p. 36
3	Recordkeeping for Business Income and Deductions	p. 51
Part 2	Business Income and Losses	p. 61
4	Income or Loss from Business Operations	p. 63
5	Capital Gains and Losses	p. 95
6	Gains and Losses from Sales of Business Property	p. 113
Part 3	Business Deductions and Credits	p. 125
7	Employee Compensation: Salary, Wages, and Employee Benefits	p. 127
8	Travel, Meals, and Gift Expenses	p. 160
9	Car and Truck Expenses	p. 182
10	Repairs, Maintenance, and Energy Improvements	p. 205
11	Bad Debts	p. 221
12	Rents	p. 232
13	Taxes and Interest	p. 242
14	First-Year Expensing, Depreciation, Amortization, and Depletion	p. 257
15	Advertising Expenses	p. 290
16	Retirement Plans	p. 296
17	Casualty and Theft Losses	p. 334
18	Home Office Deductions	p. 348
19	Medical Coverage	p. 366
20	Deductions and Tax Credits for Farmers	p. 385
21	Qualified Business Income Deduction	p. 396
22	Miscellaneous Business Deductions	p. 410
23	Roundup of Tax Credits	p. 444
Part 4	Tax Planning for Your Small Business	p. 457
24	Income and Deduction Strategies	p. 459
25	Distributions from Your Business	p. 473
26	Tax Strategies for Opening or Closing a Business	p. 477
27	Tax Strategies for a Sideline Business	p. 490
28	Tax Strategies for Multiple Businesses	p. 494
29	Alternative Minimum Tax	p. 499
30	Other Taxes	p. 504
31	Filing Tax Returns, Paying Taxes, and Making Refund Claims	p. 522
32	Retirement and Succession Planning	p. 535
33	Working with CPAs and Other Tax Professionals	p. 543
34	Handling Audits with the IRS	p. 547
Appendix A	Information Returns	p. 553
Appendix B	Tax Penalties	p. 561
Appendix C	Checklist of Tax-Related Corporate Resolutions	p. 567
Appendix D	List of Dollar Limits and Amounts Adjusted for Inflation	p. 569
	Index	p. 573

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