J.K. Lasser's Taxes Made Easy For Your Home-Based Business: The Ultimate Tax Handbook for Self-Employed Professionals, Consultants, and Freelancers ... Taxes Made Easy for Your Home-Based Business) [Paperback]

Gary W. Carter (Author)

Book Description

Series: J. K. Lasser's from Ebay to Mary-Kay: Taxes Made Easy for Your Home-Based Business | Publication Date: November 29, 2000

The home-based business trend is booming. The numbers of small businesses online increased seventeen percent in 1999 to three million. This revised and updated edition of J. K. Lasser's perennial guide answers all of home-based business owner's tax questions, with a special focus on changing tax laws and home-office deductions. Forms are also included as well as late-breaking news that will impact filing for 2001.
-- Detailed coverage of new tax laws and IRS rules
-- Comprehensive information on deductible expenses
-- Sample tax forms to make filing easy

Editorial Reviews

From the Back Cover

Maximize your bottom line by minimizing your tax liability. Home office deductions are available to more people now than at any other time since 1976.

Whether you're contemplating starting a home business or have been working from home for years, this book will prove a valuable resource to help you avoid costly tax mistakes and missed opportunities. With the tax facts and strategies you'll find in J.K. Lasser'sTM Taxes Made Easy for Your Home-Based Business, 3rd Edition, you'll stay a couple of steps ahead of the IRS - and save money in the process.

In this volume you will find: Detailed coverage of new tax laws and IRS rules, including laws favorable to setting up a home office Comprehensive information on deductible expenses - some of them might surprise you Clear instructions on keeping your record-keeping up to IRS standards Practical advice on running and organizing a home-based business to maximize tax benefits Sample tax forms to make filing hassle-free --This text refers to an out of print or unavailable edition of this title.

About the Author

GARY W. CARTER, CPA, PhD, MT, has more than 20 years of tax experience. He has worked as a revenue auditor and tax practitioner, and is currently on the faculty of the University of Minnesota’s Carlson School of Management. Carter also writes, lectures, has a Web site (thetaxguy.com), and conducts seminars on tax issues pertaining to home-based businesses.

Product Details

• Paperback: 288 pages
• Publisher: Wiley; 4 edition (November 29, 2000)
• Language: English
• ISBN-10: 0471397709
• ISBN-13: 978-0471397700
• Product Dimensions: 9.1 x 6 x 0.8 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 4.9 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #1,388,336 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

65 of 67 people found the following review helpful:

5.0 out of 5 stars J.K. Lasser's Taxes Made Easy for Your Home-Based Business, January 8, 2001

By 

Laura White (Loretto, MN) - See all my reviews

This review is from: J.K. Lasser's Taxes Made Easy For Your Home-Based Business: The Ultimate Tax Handbook for Self-Employed Professionals, Consultants, and Freelancers ... Taxes Made Easy for Your Home-Based Business) (Paperback)

This tax book is the only book available to assist in tax preparation for a home based buisness - there is no other tax book like this. Every chapter contains information and guidance that is easy to understand, unlike other tax books and IRS publications. The author provides you with step by step instructions on how to fill out Form 8829, Expenses for Business Use of Your Home, which gives clear examples, and does and don'ts. The author also includes a comprehensive example that contains several schedules including the Self-Employment Tax, Schedule SE. There are tax strategies, planning tips, and business deductions throughout the book that I would have missed if I had not read this book. Its unbelievable how much straight forward information has been provided. Again, there is no other book like this that targets the Home Based Business.

19 of 19 people found the following review helpful:

5.0 out of 5 stars A practical guide that provides specific guidelines, September 8, 2001

By 

Beau F. Penaranda (Las Vegas, NV USA) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: J.K. Lasser's Taxes Made Easy For Your Home-Based Business: The Ultimate Tax Handbook for Self-Employed Professionals, Consultants, and Freelancers ... Taxes Made Easy for Your Home-Based Business) (Paperback)

Reverting back to my comments on Mr. Daily's( Tax Savvy For Small Businesses) and Mr. Kamoroff's(A Small time Operator)reviews, this book coupled with the two previously mentioned books, should provide an outstanding foundation to start off with, as far as what you should and must do to operate a small business when it concerns your tax liability.

This books concentration is based more on past precedents passed down by both the Appeals Courts and the Tax Courts, and what procedures can and cannot be implemented. Gives specific instruction in accordance with the IRC code, to follow and to determine what can be done to legally lower your tax liability.

This book is more legally technical than both books I mentioned above. While Daily's book gives you general examples of accounting procedures and legalities, Kamoroff book gets into the nuts and bolts of accounting procedures, along with a step by step guide to implement those procedures. These 3 books should be on every entrepenuer's shelf, for future reference and procedures.

19 of 19 people found the following review helpful:

5.0 out of 5 stars Excellent Book, belongs on all home office reference shelves, July 19, 2001

By 

Kathy Burns (Artesia, NM United States) - See all my reviews

This review is from: J.K. Lasser's Taxes Made Easy For Your Home-Based Business: The Ultimate Tax Handbook for Self-Employed Professionals, Consultants, and Freelancers ... Taxes Made Easy for Your Home-Based Business) (Paperback)

Anyone who has a home-based business or is contemplating starting one needs this book on their reference shelf. If you're like most home-based business owners, you have had numerous questions about when and how you can take tax deductions for your home office, supplies and equipment. You've probably wondered what paperwork had to be kept, what information it needed to show and how long you have to keep it as well, right? On top of those questions, there are the formidable IRS forms that need to be filled out properly in order to qualify for the deductions and avoid being audited. If this is you, get this book. You will not be disappointed.

Gary W. Carter, the book's author, has over 20 years of tax experience. He has worked as a revenue auditor, tax practitioner, and seminar leader on tax issues as they pertain to home-based businesses. In this book, he shares his expertise brilliantly with easy to understand, step by step explanations, examples and instructions.

Carter's combination of historical tax facts, court cases that have set precedence, and changes that will take affect in the coming years serve to give you a much better understanding of the entire system and your options within that system. His layman explanations of tax audits, accounting systems, record keeping, and "business" as it is defined by the IRS give you a wealth of information to belay your tax fears, and empower you with the knowledge you need to get the most out of tax time.

The very first chapter in the book covers IRS audits. It tells you how audits are done, what to expect and what rights you have. I was surprised to find the process is actually simple, direct and fairly non-threatening. From chapter two and on, Carter delves deeply into the information of the most importance to home-business owners. Topics include the legal definition of a business for tax purposes, allowable deductions and how to record and calculate them, business entity formations and the pros, cons and red tape associated with each, and more.