Description
This resource for professionals outlines the many business deductions that can be taken for taxes by those in individual or group practices. Fishman, an attorney specializing in tax law, explains deductions for retirement, medical expenses, travel, entertainment, transportation, home office, and others, and how to take them. He also describes how to choose a business entity, amending returns, audits, and record keeping. He does not detail how to fill out forms. This edition has been updated to reflect the most recent tax laws. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)
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Tax Deductions for Professionals is the only tax-deduction book available for professionals who own their own practice. This group includes architects, lawyers, doctors, dentists, chiropractors and veterinarians. Professionals who engage in these and other fields have specific tax concerns and Tax Deductions for Professionals is here to help them with their unique needs. Unlike any other book on the market, Tax Deductions for Professionals helps readers choose the best legal structure for their practices ¡X the most important business (and tax) decision they¡¦ll make. Professionals will also find information that directly affects their bottom line, such as: „X the advantages and drawbacks of ¡§professional corporations¡¨ „X sheltering money with retirement accounts „X the tax implications of owning the buildings they work in „X deducting the cost of continuing education, professional „X fees and other expenses „X and more
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