valuable Tax-saving Strategies nearly All The Decisions You Make As A Business Owner Have An Impact On The Amount Of Taxes Your Business Will Incur. Selecting A Business Structure, Determining Profit-sharing Strategies, Taking A Salary, Hiring Employees And Independent Contractors, Leasing And Buying Equipment… All These Common Tasks Can Greatly Impact Your Business's Tax Burden. Two Practicing Tax Attorneys Present A Framework For You To Weigh The Impact Of Specific Tax-saving Mechanisms Against Any Possible Impact On Your Business's Primary Purpose, Helping You Develop A Tax-planning Strategy That Will Follow You From Startup Through Retirement. w. Rod Stern And Carol A. Brittain Cover: the Tax Implications Of Corporations, Llcs, Partnerships And Sole Proprietorships the Impact That Tax Planning Can Have On Bank Financing And Venture Capital reducing Your Taxes Through Tax Deductions And Strategic Money Management maximizing Compensation For You And Your Partners implementing Compensation Plans That Help Retain Key Employees And Provide Incentives For Performance transition Strategies For Selling Or Closing Your Business implement Efficient Tax Planning-without Losing Sight Of The Total Picture-with These Professional Strategies. sample Documents And Irs Forms On Cd-rom! sample Documents Include: business Entity Tax Characteristic Comparison Chart business Entity Non-tax Characteristic Comparison Chart state-by-state Tax Form Websites fringe Benefit Chart retirement Plan Summary Chart record-keeping Checklist miscellaneous Record-keeping Forms sample Medical Reimbursement Plan plus Essential Irs Publications: your Rights As A Taxpayer employer's Tax Guide employer's Tax Guide To Fringe Benefits travel, Entertainment, Gift And Car Expense residential Rental Property business Expenses accounting Periods And Methods partnerships corporations investment Income And Expenses retirement Plans For Small Business starting A Business And Keeping Records business Use Of Your Home passive Activity And At-risk Rules understanding Your Employer Identification Number tax Issues For Limited Liability Companies for 30 Years, Entrepreneur Has Provided The Most Trusted Business Advice Available To Business Owners. Our Legal Guides Continue That Tradition By Offering Current And Cost-effective Legal Advice So You Can Resolve The Business And Legal Issues You Face On A Daily Basis. We Also Strive To Help You Identify When It's In Your Best Interest To Seek The Personalized Advice And Services Of A Practicing Lawyer. w. Rod Stern Is A Partner At Murtaugh Meyer Nelson & Treglia Llp Specializing In Business, Tax And Estate Planning. He Has More Than 20 Years Of Experience As A Corporate Attorney And Holds A Master's Degree In Taxation Law From New York University. carol A. Brittain Has More Than 20 Years Of Experience Specializing In Business And Corporate Law. She Holds An Mba From Thunderbird School Of Global Management, Ranked No. 1 In International Business By The Wall Street Journal. She Has Taught Courses At University Of California Hastings College Of The Law.

Tax Planning for Business (Entrepreneur Legal Guides)

Apache Server 2.0: A Beginner's Guide

Wrightson, Kate

McGraw-Hill

Legal guide, Irvine, CA, California, 2008

United States, United States of America

1 edition, November 28, 2007

1, PS, 2007

1st, 2001

Includes index.

topic: Business enterprises-Taxation-United States; Tax planning-United States

Type: 英文图书

Bookmarks:
1. (p15) Preface
2. (p17) Acknowledgments
3. (p19) PART 1 Introduction
3.1. (p21) CHAPTER 1 Tax Planning for Business
3.2. (p25) CHAPTER 2 Choosing and Working with Business Advisors
4. (p31) PART 2 Structuring Your Business for Tax Savings
4.1. (p33) CHAPTER 3 Why Structure Matters
4.2. (p49) CHAPTER 4 Sole Proprietorships: The Tax Consequences
4.2.1. (p35) What Structure Should My Business Have?
4.2.2. (p36) Tax Considerations in Selecting Your Business Structure
4.2.3. (p37) The CORE Assessment
4.2.4. (p46) Applying the CORE Analysis Method to Your Own Business
4.2.5. (p50) Tax Consequences of Current Compensation
4.2.6. (p55) Tax Consequences of Formation
4.2.7. (p55) Tax Consequences of Sale or Dissolution
4.2.8. (p59) Non-Tax Considerations of Operating as a Sole Proprietorship
4.3. (p61) CHAPTER 5 C Corporations: The Tax Consequences
4.3.1. (p62) Tax Consequences of Current Compensation
4.3.2. (p66) Tax Consequences of Formation
4.3.3. (p69) Tax Consequences of Sale or Dissolution
4.3.4. (p72) Tax Traps to Avoid
4.3.5. (p76) Where to Incorporate
4.3.6. (p76) What Is a C Corporation?
4.3.7. (p78) Agreements Affecting Stockholder Rights
4.4. (p81) CHAPTER 6 S Corporations The Tax Consequences
4.4.1. (p82) Tax Consequences of Current Compensation
4.4.2. (p84) Tax Consequences of Formation
4.4.3. (p84) Tax Consequences of Sale or Dissolution
4.4.4. (p85) Non-Tax Considerations of Operating as an S Corporation
4.5. (p87) CHAPTER 7 Partnerships and LLCs: The Tax Consequences
5. (p101) PART 3 Deductions for Your Business
5.1. (p103) CHAPTER 8 Why Deductions Matter An Overview of Business Taxation
5.2. (p107) CHAPTER 9 Deducting Business Expenses — Now
5.2.1. (p109) Automobile Expenses
5.2.2. (p112) Employee-Related Expenses
5.2.3. (p115) Office Operation Expenses
5.2.4. (p117) Marketing Expenses
5.2.5. (p118) Miscellaneous Expenses
5.3. (p125) CHAPTER 10 Deducting the Value of Business Assets Over Time
5.3.1. (p125) Capital Assets
5.3.2. (p126) Depreciating Property - General Rules
5.3.3. (p136) Other Depreciable Assets
5.3.4. (p137) Tax Consequence of Disposing of Depreciated Property
5.4. (p139) CHAPTER 11 Deducting Costs of Merchandise Offered for Sale
5.5. (p143) CHAPTER 12 Home Office Expenses
6. (p151) PART 4 Compensation: For Yourself and Your Employees
6.1. (p153) CHAPTER 13 Salary, Bonuses, and Perks
6.1.1. (p154) Structuring Owner Compensation to Minimize Tax
6.1.2. (p158) Tax-Saving Perks to Reward Your Employees - and Save You Money
6.1.3. (p174) Employee Stock Ownership Programs (ESOPs)
6.2. (p175) CHAPTER 14 Funding Your Retirement
6.2.1. (p177) Individual Retirement Account-Based Plans
6.2.2. (p180) Defined Contribution Plans
6.2.3. (p183) Defined Benefit Plan
6.3. (p185) CHAPTER 15 Employees vs. Independent Contractors
7. (p197) PART 5 Exit Strategies: When You Are Ready to Move On
7.1. (p199) CHAPTER 16 Deciding When and How to Depart
7.1.1. (p200) Strategies to Exit Your Business
7.1.2. (p200) Time Frame to Accomplish Your Exit
7.1.3. (p200) Exit Strategy Analysis Chart
7.2. (p203) CHAPTER 17 Selling or Transferring Your Business to Family or Key Employees
7.2.1. (p204) Who Will Take Over Your Business?
7.2.2. (p208) How to Transfer Ownership of Your Business to Family and Key Employees
7.2.3. (p210) What If My Business Is a Sole Proprietorship?
7.3. (p211) CHAPTER 18 Selling Your Business to an Outsider
7.3.1. (p212) Merger or Sale
7.3.2. (p213) Going Public
7.4. (p215) CHAPTER 19 Closing the Doors: Liquidating Your Business
8. (p219) PART 6 Tax Problems: Avoiding and Handling Them
8.1. (p221) CHAPTER 20 Tax Compliance and Record Keeping
8.1.1. (p222) Filing Tax Returns
8.1.2. (p225) Required Tax Identification Numbers
8.1.3. (p226) Choosing a Tax Year
8.1.4. (p227) Accounting Methods
8.1.5. (p227) Information Returns: W-2s and 1099s
8.1.6. (p228) Record Keeping
8.1.7. (p232) How Long to Keep Records
8.2. (p235) CHAPTER 21 Sales Taxes, Personal Property Taxes, and Local Fees
8.2.1. (p236) Sales Taxes
8.2.2. (p237) Personal Property Taxes
8.2.3. (p237) Licenses and Local Fees
8.3. (p239) CHAPTER 22 Surviving an Audit
8.3.1. (p240) Minimizing the Risk of Being Audited
8.3.2. (p243) Controlling the Audit
8.3.3. (p246) Challenging Audit Results
8.4. (p249) CHAPTER 23 Dealing with Unpaid Taxes: Compromises and Payment Plans
8.4.1. (p250) Offers in Compromise
8.4.2. (p252) Payment Plans
8.4.3. (p255) Bankruptcy
8.5. (p257) CHAPTER 24 Estate Tax and the Business Owner
9. (p263) Appendix
9.1. (p265) Figure A-l. Schedule C (Form 1040)
9.2. (p267) FIGURE A-2. State Individual Income Taxes
9.3. (p273) Figure A-3. Sample Corporate Resolution re: Section 1202 Stock
9.4. (p274) FIGURE A-4. Sample Corporate Resolution re: Section 1244 Stock
9.5. (p275) FIGURE A-5. Sample Business Logs
9.6. (p277) Figure A-6. Table of Class Lives and Recover}- Periods
9.7. (p287) FIGURE A-7 Sample Medical Reimbursement Plan
9.8. (p289) FIGURE A-8. Sample Educational Assistance Plan
9.9. (p291) FIGURE A-9. Pension Plan Chart
9.10. (p294) Figure A-10. Form 104: Currency Transaction Report
9.11. (p296) Figure A-11. Form 940: Employers Annual FUTA Tax Return
9.12. (p299) Figure A-12. Form 941: Employer's Quarterly Federal Tax Return
9.13. (p302) Figure A-l3. Form 943: Employer's Quarterly Federal Tax Return
9.14. (p303) Figure A-14. Form 1040: Individual Income Tax Return
9.15. (p305) FIGURE A-15. Form 1040ES: Estimated Tax for Individuals
9.16. (p312) Figure A-16. Schedule C: Profit or Loss From Business
9.17. (p314) Figure a-17. Schedule C-EZ Net Profit from Business
9.18. (p316) FIGURE A-18. Schedule E: Supplemental Income and Loss
9.19. (p318) Figure A-19. Schedule F: Profit or Loss From Farming
9.20. (p320) Figure A-20. Schedule SE: Self-Employment Tax
9.21. (p322) FIGURE A 21 Form 1065: U.S. Return of Partnership Form
9.22. (p326) Figure A-22. Form 1 120: U.S. Corporation Income Tax Return
9.23. (p330) Figure A-23. Form 1120-A: U.S. Corporation Short-Form Income Tax Return
9.24. (p332) FIGURE A-24. Form 1120S: U.S. Income Tax Return for an S Corporation
9.25. (p336) Figure A-25. Form 1 120W: Estimated Tax for Corporations
9.26. (p339) FIGURE A-26 State Taxing Authority Web Sites
9.27. (p341) FIGURE A-27 Form 8109-B: Federal Tax Deposit Coupons
10. (p343) Glossary
11. (p363) About the Authors
12. (p365) Index

theme: Business enterprises-Taxation-United States; Tax planning-United States

Tax planning for business
Choosing and working with business advisors
Why structure matters
Sole proprietorship : the tax connsequences
C corporations : the tax consequences
S corporations : the tax consequences
Partnerships and LLCs : the tax consequences
Why deductions matter : an overview of business taxation
Deducting business expenses now
Deducting the value of business assets over time
Deducting costs of merchandise offered for sale
Home office expenses
Salary, bonuses and perks
Funding your retirement
Employees vs. independent contractors
Deciding when and how to depart
Selling or transferring your business to family or key employees
Selling your business to an outsider
closing the doors : liquidating your business
Tax compliance and record keeping
Sales taxes, personal property taxes, and local fees
Surviving an audit
Dealing with unpaid taxes : compromises and payment plans
Estate taxes and the business owner.

Valuable Tax-Saving Strategies Nearly all the decisions you make as a business owner have an impact on the amount of taxes your business will incur. Selecting a business structure, determining profit-sharing strategies, taking a salary, hiring employees and independent contractors, leasing and buying equipment all these common tasks can greatly impact your business's tax burden. Two practicing tax attorneys present a framework for you to weigh the impact of specific tax-saving mechanisms against any possible impact on your business's primary purpose, helping you develop a tax-planning strategy that will follow you from startup through retirement. W. Rod Stern and Carol A. Brittain

2023-06-28