Offers advice to licensed professionals who are subject to special tax rules on maximizing tax deductions, including deductions for start-up expenses, operating expenses, health care costs, travel expenses, and retirement plan contributions.
Contents
Introduction: Your tax deduction companion -- Tax deduction basics -- Choice of business entity -- Operating expenses -- Meal and entertainment expenses -- Car and local travel expenses -- Long distance travel expenses -- The home office deduction -- Deductions for outside offices -- Deducting long-term assets -- Start-up expenses -- Medical expenses -- Retirement deductions -- Inventory -- More deductions -- Hiring employees and independent contractors -- Professionals who incorporate -- How you pay business expenses -- Staying out of trouble with the IRS -- Record keeping and accounting -- Help beyond this book.