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Online and off-line tax stuff
A Big, New Tax Book
Small-business owners face a monumentally
challenging tax season given all of the changes
to the tax code in 2003. To help sort it all
out, get the
CCH Toolkit Tax Guide 2004
published by CCH Incorporated, a leading
provider of tax law information and software.
The book was created specifically to help
entrepreneurs prepare their 2003 tax returns and
plan for 2004 taxes. It offers step-by-step
explanations about how to:
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Claim all available business deductions
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Decide if home-office deductions are right for
you
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Maximize overlooked deductions for auto,
entertainment, health care and depreciation
expenses
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Address contributions to employee benefit
plans and retirement plans
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Determine eligibility for tax credits and how
to claim them
Plus, the 432-page book comes
bundled with free online tax preparation and
e-filing via CCH CompleteTax. It’s available
through major retail and online bookstores.
Tax Checklist
Use the online H&R Block checklist as a
guide for rounding up the tax documents and
data you need when completing your tax forms.
It lists lots of little items that are easy to
overlook, like jury duty pay, student loan
interest paid and records to document casualty
or theft losses. Whether you do your own taxes
or hire a tax preparer, this checklist comes
in handy. To view or print the checklist,
go here.
Tax Secrets
Whittle down your tax bill with help from
Sandy C. Botkin, CPA and author of
Lower Your
Taxes—Big Time!: Wealth-Building, Tax
Reduction Secrets from an IRS Insider
(McGraw-Hill Trade, 2002). The book is loaded
with strategies to help keep Uncle Sam out of
your wallet.
Botkin gives big focus to home-based and small
businesses. With humor and clear instructions,
he tells you exactly what to do to lower your
tax bill without incurring the wrath of the
IRS. The book offers flow charts, references
and specific tax-cutting tactics, such as:
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How, why and
when to incorporate
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Fool-proof
methods for deducting a home office and
personal vehicle
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Simple
record-keeping tips
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Avoiding audit
attacks
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