Home Business Tax Deductions

Home Business Tax Deductions

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Keep your hard-earned money in your home business! Completely updated for 2012 returns! Tax deductions are essential to any business, but even more so when your office is also your home. Don't spend thousands on an accountant -- turn to Home Business Tax Deductions and do it yourself! Organized into categories of commonly-used deductions, Home Business Tax Deductions will help you write off: - your home office - start-up and operating expenses - vehicles, meals, entertainment, and travel - health insurance and medical bills - inventory - equipment This edition of Home Business Tax Deductions is completely updated with all the latest tax information, eligibility requirements, and deductions for 2012 returns, including up-to-date information on how the latest laws could affect your home business.For example, ifyou use your car 50% for business, you may depreciate only 50% of the cost. ... You can determine the fair market value of your car on the date of conversion by checking used car value guides, such as the Kelley Blue Book.

Title:Home Business Tax Deductions
Author: Stephen Fishman
Publisher:Nolo - 2012-11-01

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