Tax Power for the Self-Employed, 2E (Tax Power for the Self-Employed)

By James Parker and James O. Parker

Tax Power for the Self-Employed addresses the specific and particular tax laws and regulations facing a self-employed individual. Unlike other small businesses, it focuses on the individual who either runs a single-person small business (or one with an otherwise limited number of employees) or the person who does something to make extra money that he or she may consider a hobby or side job, but from which the IRS expects tax to be paid. Discussions of specific concern to the self-employed person include Schedule C deductions, with particular emphasis on changes in Sec. 179 deductions that target self-employed individuals for increased capital investments. Additional attention is placed on strategies for taking deductions to lower income subject to the self-employed tax, a totally separate tax from income tax. An entire chapter is devoted to the self-employment tax and Schedule SE. With the latest IRS rules, regulations and decisions,as well as tax-planning strategies, any self-employed individual can feel confident that they are meeting all of their tax requirements while maximizing their tax savings.

• Format: Paperback
• Language: English
• ISBN: 1572485760
• ISBN13: 9781572485761
• Release Date: December 2006
• Publisher: Sphinx Publishing
• Length: 260 Pages
• Weight: 1.00 lbs.
• Dimensions: 0.6" x 7.5" x 9.3"