Only a small number of the deductions that business owners and the self-employed are entitled to take are listed in the IRS instructions. The rest can be found here. The author explains hundreds of write-offs in an easy-reference format.
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Most Helpful Customer Reviews
68 of 69 people found the following review helpful:
4.0 out of 5 stars
Use this book ALONG WITH another,
By
This review is from: 422 Tax Deductions for Businesses and Self-Employed Individuals (422 Tax Deductions for Businesses & Self-Employed Individuals) (Paperback)
Prior reviewers seem to have been disappointed with this book because they expected it to be something that it isn't designed to be. It is an encyclopedia of tax deductions for small businesses. If you're wondering if something is deductible, turn to that page in ths book (deductions are in alphabetical order), and you'll learn whether it's deductible and, if so, what category on your return it should be listed under. There won't be much information about who's eligible to deduct it or what records you need to keep to prove it but it does answer the question I always have of "can I deduct XX?" If you use this along with a general small business tax book, you'll have most of the information you need. I recommend either Kamaroff's Small Time Operator or Jan Zobel's Minding Her Own Business. The JK Lasser small business tax book might be fine too.
56 of 58 people found the following review helpful:
5.0 out of 5 stars
Superb Tax Advice for Small Business Owners!,
By A Customer
This review is from: 422 Tax Deductions: For Businesses & Self Employed Individuals (Paperback)
I've bought other books on taxes for the self-employed, but this is the only one that tells you where to put the specific deduction on Schedule C. This was invaluable for me! If you are looking for lots of deductions with specific advice when filling out your Schedule C, this is the book!
34 of 40 people found the following review helpful:
1.0 out of 5 stars
Lacks Detailed Content,
By A Customer
This review is from: 422 Tax Deductions for Businesses and Self-Employed Individuals (422 Tax Deductions for Businesses & Self-Employed Individuals) (Paperback)
This book is very vague and general in content. In trying to determine how much of our home office furniture was deductible I looked up "furniture" and the book points you to "Business Assets" and within business assets there is no mention of furniture or like assets. What is written is a short very general list what "might" be deductible. I expected 422 deductions to be "specific deductions" or more importantly "how to determine" the eligibility of deductions. This book is far to vague to understand what is deductible and how to determine the eligibility.
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