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The book is organized into practical, easy-to-use categories of the most commonly-used business deductions for professionals who own their practice. It covers start-up expenses, health care costs, continuing education, professional fees, home office, and more.A tax deduction guide just for professionals
Keep your taxes under control!
Architects, lawyers, dentists, chiropractors, doctors, and other licensed professionals are subject to special tax rules. With this book, learn how to pay less to the IRS at tax time by taking advantage of valuable tax deductions you are entitled to take.
Find out how to deduct:
Tax Deductions for Professionals
- start-up expenses
- medical expenses under Obamacare
- retirement plan contributions
- continuing education costs
- vehicles, meals, and travel, and
- home office expenses.
will also help you choose the best legal structure, with detailed information on limited liability companies, partnerships, and professional corporations.
The 13th edition is completely updated with the latest tax laws and numbers.All the information in the book remains up-to-date for the 2017 tax year. The changes brought about by the Tax Cuts and Jobs Act all take effect in 2018, except for an increase in bonus depreciation which took effect September 27, 2017. Anyone who purchases the book has access to an update page on the Nolo website specific to this book which explains the 2017 bonus depreciation change and summarizes how the new tax law affects small business owners’ taxes for 2018 and later. A new edition of the book, completely updated for the new tax law, will be published August 1, 2018.