Save tons of money with the secrets to avoiding income taxes Could it be possible to run your business without paying federaland state income tax for at least 36 months? What if you’renot in business-how about reducing or completely wiping outyour income tax? It may sound too good to be true, but the answeris YES. In this easy-to-use, plain-English book, Robert A. Cookeshows how you can legally use the tax rules to your advantage.Doing Business Tax-Free, Second Edition is packed with tax-savingconcepts and ideas and clear explanations on how to apply them toyour own situation. Numerous examples help you understand crucial tax-planningmaneuvers and form a game plan, which, with a little professionalfine-tuning, will alleviate your income tax burden. Plus,you’ll save even more money by learning how to keepprofessional fees to a minimum and shorten your time in the taxpreparer’s office. New to the Second Edition: * Recomputes examples involving computation of individual incometaxes with year 2000 tax rates * Features updated sections on S corporations, limited liabilitycompanies, and loss carryovers * Covers the new, simpler “check-the-box” rules for satisfyingIRS requirements for taxation of a limited liability company * Guarantees postings of future significant changes to the taxrules regarding S corporations on the author’s Web site,www.robertcooke.com-which you can check for updates as youread the book * Includes revised rules for home offices
Book Details:
- Author: Robert A. Cooke
- ISBN: 9780470314081
- Year Published: 2001
- Pages: 288
- BISAC: BUS064000, BUSINESS & ECONOMICS/Taxation / General
About the Book and Topic:
Save tons of money with the secrets to avoiding income taxes Could it be possible to run your business without paying federaland state income tax for at least 36 months? What if you’renot in business-how about reducing or completely wiping outyour income tax? It may sound too good to be true, but the answeris YES. In this easy-to-use, plain-English book, Robert A. Cookeshows how you can legally use the tax rules to your advantage.Doing Business Tax-Free, Second Edition is packed with tax-savingconcepts and ideas and clear explanations on how to apply them toyour own situation. Numerous examples help you understand crucial tax-planningmaneuvers and form a game plan, which, with a little professionalfine-tuning, will alleviate your income tax burden. Plus,you’ll save even more money by learning how to keepprofessional fees to a minimum and shorten your time in the taxpreparer’s office. New to the Second Edition: * Recomputes examples involving computation of individual incometaxes with year 2000 tax rates * Features updated sections on S corporations, limited liabilitycompanies, and loss carryovers * Covers the new, simpler “check-the-box” rules for satisfyingIRS requirements for taxation of a limited liability company * Guarantees postings of future significant changes to the taxrules regarding S corporations on the author’s Web site,www.robertcooke.com-which you can check for updates as youread the book * Includes revised rules for home offices
Now in a thoroughly revised second edition, this must-have guideprovides new coverage and examples on the 1999 law change thatimpacts businesses on the accrual basis of accounting; changes inthe rules on loss carryover; modified office-at-home rules; andmuch more. Readers will discover how to: * Organize their businesses for the smallest tax bite. * Turn personal expenses into tax deductions. * Plan their own tax strategies and keep professional fees to abare minimum.
About the Author
ROBERT A. COOKE, CPA, has had twenty years of experience in public accounting. He has taught numerous seminars on finance and accounting for Prior Resources, Inc., and is the author of several successful books, including How to Start Your Own Subchapter ‘S’ Corporation and the first edition of Doing Business Tax-Free, both from Wiley.