Millions of Americans are now working at home due to the Coronavirus pandemic. It's likely that many will never return to the office. This book shows home business owners how to minimize their taxes by taking every deduction to which they are entitled. These valuable deductions include: start-up expenses home office deduction vehicles, travel, and meal expenses health expenses 20% pass-through deduction, and retirement deductions. This new edition also covers all latest changes in the tax laws brought about by the COVID-19 relief legislation passed by Congress. These brand new tax breaks can save home business owners thousands in taxes: new sick leave and family leave tax credits for self-employed business owners, employee retention credit, tax-free treatment of landlord PPP loans, and liberalized rules for deducting net operating losses.
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 the many tax deductions available to professionals.

Find out how to deduct:

start-up expenses
medical expenses
retirement plan contributions
continuing education costs
vehicles, meals, and travel, and
home office expenses.

Tax Deductions for Professionals will also help you choose the best legal structure, with detailed information on limited liability companies, partnerships, and professional corporations.

This new edition covers changes and updates to tax laws revised as a result of the coronavirus pandemic.
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 the many tax deductions available to professionals.

Find out how to deduct:

start-up expenses
medical expenses
retirement plan contributions
continuing education costs
vehicles, meals, and travel, and
home office expenses.

Tax Deductions for Professionals will also help you choose the best legal structure, with detailed information on limited liability companies, partnerships, and profession