Tax Facts on Individuals & Small Business is the professional's complete, authoritative resource to help individual tax payers and business owners maximize opportunities under today's often complex tax rules. Tax Facts helps advisers of all kinds understand the tax implications of the recommendations that they make for their clients. This publication features: Thousands easy-to-read Q&As that comprehensively cover both individual tax issues and also tax issues that are most likely to be faced by small business owners Practical advice for any professional, including CPAs, attorneys, and estate and financial planners Detailed explanations of the various types of investment products and techniques that are most commonly used by individuals and businesses Practice Points give concise advice on how to handle real-world issues Having the right tax information helps avoid problems before they become costly mistakes, as well as correct problems when they do occur New in the 2023 Edition: Coverage of the Inflation Reduction Act, including credits for electric vehicles, and the new 15 percent corporate alternative minimum tax Explanation of IRS guidance on the early termination of the employee retention tax credit Discussion of a federal district court case in California where a judge denied a motion to dismiss a proposed class action lawsuit against Amazon that focuses on whether the company is required to reimburse the employees for expenses related to work-from-home requirements Discussion of the ARPA's expansion of the premium tax credit rules to provide a more generous Affordable Care Act benefits for 2022 Analysis of a Texas court's decision that the DOL's delay of the effective date for the Trump-era rule violated the Administrative Procedure Act by providing only a 19-day period for notice and comments Explanation of a new rule that PayPal, Venmo and other third-party payment networks must report a taxpayer's transactions in excess of $600 per year to the IRS Update on the IRS's FAQ that clarifies the filing and payment extensions applied regardless of whether the taxpayer was sick or quarantined because of COVID-19 Topics Covered: Capital gains and losses Tax issues related to business income Passive and active business income Estate planning issues for small business owners Bad debt and worthless securities Small business valuation issues Buy-sell agreements Casualty and theft losses for individuals and businesses Nontaxable exchanges And More! See the "Table of Contents" section for a full list of topics

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.

Expert small business tax guidance from America’s favorite expert In the newly revised J.K. Lasser’s Small Business Taxes 2024: Your Complete Guide to a Better Bottom Line, renowned small business attorney and tax expert Barbara Weltman delivers the latest and most up-to-date edition of America’s most trusted small business tax guide. In the book, you’ll explore exactly how to minimize your 2023 business tax bill and position your business for 2024 tax savings with straightforward and comprehensive guidance that walks you through which deductions and credits to look out for and how to claim them. You’ll discover what kinds of tax relief and green energy tax breaks are legally available to your small business and how to access them, complete with specific instructions on how to properly fill out IRS tax forms, what records to keep in case the IRS has questions, and applicable dollar limits. You’ll also find: Tax facts, strategies, checklists, and the latest information you need to ensure you pay what you legally owe – and not a penny more Sample IRS forms that demonstrate how to properly claim the deductions and credits that apply to your small business New tax laws and the latest court decisions and IRS rulings that impact your bottom-line A complimentary new e-supplement containing the latest developments from the Internal Revenue Service (IRS) and Congress A must-read roadmap to properly completing this year’s business taxes, J.K. Lasser’s Small Business Taxes 2024 is your comprehensive and up-to-date guide to legally minimizing your tax bill while making sure Uncle Sam gets what he’s owed.

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.