Customer Reviews

422 Tax Deductions for Businesses and Self Employed Individuals (422 Tax Deductions for Businesses & Self-Employed Individuals)

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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.

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!

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.

Small business owners pay a lot in quarterly estimated taxes. The trick is to find all the deductions they are entitled to, to get most of it back. This fascinating book describes 422 types of deductions, makes them easy to understand and tells you what category they go in.

Bernard (Bear) Kamoroff is the author of the very successful Small Time Operator: How to Start Your Own Small Business, Keep Your Books, Pay Your Taxes, and Stay out of Trouble! (24 revised editions and 54 printings in 22 years). 422 Deductions is the ideal companion volume.

As an author and a publisher, who has run his own business for over 30 years, I highly recommend this fun, valuable and fascinating book. DanPoynter@ParaPublishing.com.

Now in a fully revised and updated edition, 422 Tax Deductions For Businesses & Self-Employed Individuals by certified public accountant and tax specialist Bernard B. Kamoroff is an alphabetical listing of tax deductions that business owners and the self-employed can apply to save themselves money on their tax bill. Ranging from depreciation of athletic facilities; to the cost buying, feeding, and maintaining a watch dog; to the creation of Medical Savings Accounts, 422 Tax Deductions presents its entries in brief, simple terms which are entirely accessible and "user friendly" for non-specialist general readers. 422 Tax Deductions For Businesses & Self-Employed Individuals is a superbly presented and strongly recommended tax preparation supplement for small business owners and the self-employed.

No tax code just no non-sense explainations of what is and is not deductible. I am a tax preparer and I give these to all of my small business clients

My mental image of Bernard B. Kamoroff is that of the Harry Angel character Mickey Rourke played in Alan Parker's "Angel Heart". (If you haven't seen Angel Heart, 1) you should 2) Harry Angel was a seedy, dim-witted private detective). Although this book contains some useful tips, you have to question the authority of council like (I paraphrase) "If you have paid a legal (sic) bribe then bury the deduction somewhere."

Bernard, if a payment is legal, then it is not a bribe. If a payment is a bribe, than it is not legal: if it were legal, it wouldn't be a bribe, now wouldn't it? It would be a payment and you wouldn't have to fret so.

"J.K. Lasser's Taxes Made Easy for Your Home-Based Business" is superior in every way.

This book is a no-frills guide to tax deductions you probably know about, and a few you do not. The point being that those few you do not know about are worth far more than the cost of the book, to learn. It is written in language anyone can understand and apply immediately to their business needs. There is so little accountant jargon that it is easy to forget just how valuable all of this information really is to have at your fingertips.

After the expected disclaimers and rather droll introduction (it was written by a CPA after all), the book gets right down to business and lists the most universal, and most-used deductions by virtually all small businesses. There were very few I could not apply to my own business, and almost a dozen highly-useful (and 100% legal of course) deductions I had never even considered. I cannot recommend this book highly enough. If you own your own business, especially a home-based one, this book will help you understand what you CAN deduct, basically why and how, and what you CANNOT.

This book will not file your taxes for you, but it will help you know what to do NEXT year, and it will help you salvage your return this year, with or without the assistance of a professional tax preparer.

This is a very good guide to helping a small business owner realize the American dream (working for yourself, not collecting welfare). The author states several times throughout the book when the advise of an attorney or CPA is recommended. The language is easy to read and understand and not filled with his industry jargon. He even states the obvious in some instances (a speeding ticket in the company vehicle is not a tax write-off, for example). I was able to fill out the necessary forms to start my business in a short amount of time and can refer to the book for a review of the tax forms required for my business. I highly recommend this book.

This book is clearly for people in business for themselves. But remember laws change every year, so make sure to get a yearly undate.