More than a half-million new businesses are started every year by creative, energetic people looking to capitalize on their ideas and ingenuity. Unfortunately, only about 3 out of 10 last more than two years, and only about 50% those make it five years. A key reason small businesses fail is because of IRS problems. The tax code heaps a mountain of reporting, payment, and compliance obligations on small businesses that most business owners don't know anything about. In fact, the Government Accountability Office once counted more than 200 distinct obligations placed on the shoulders of businesses. Can you name all 200? Can you name even 20? If not, you need this book. And since the tax code was changed more than 5,900 times just since 2001, you need this book now more than ever. In the Small Business Tax Guide, Dan covers important topics, including: - Identifying the 15 most common mistakes small business make, and how to avoid them - - Whether an LLC, Subchapter S corporation or partnership is best for you - - Everything you need to know about hiring employees and using independent contractors - - How to properly set up and use an office in your home - - How to avoid the IRS's costly "hobby loss" rules - - How to avoid tax penalties that can kill your business - - How to properly deduct business travel and mileage expenses - - Understanding the complex new rules for business meals and entertainment expenses - - Dan's fool-proof record-keeping system to keep you out of trouble with the IRS - - Plus much, much more! It's not enough to be the creative genius behind your company. You also have to keep your company out of trouble with the IRS. Don't get clobbered for violating tax rules you never knew existed. If you currently operate or intend to operate your own small business, you need this important new book right now.
About the Author: For over four decades, Dan Pilla has been America's leader in taxpayers' rights defense and IRS abuse prevention and cure. Regarded as one of the country's premiere experts in IRS procedures and general financial problems resolution techniques, he has helped hundreds of thousands of citizens solve personal and business tax and financial problems they thought might never be solved. As the author of fifteen books, dozens of research reports and over one thousand articles, Dan's work is regularly featured on radio and television, as well as in major newspapers, leading magazines and trade publications nationwide. Dan is a frequent guest on numerous talk radio programs where he is heard by millions of people each year. His fast-paced interviews provide hard-hitting answers to even the toughest questions. His many media appearances include CBS, CBN, Fox News, C-SPAN, the CBS Radio Network, the USA Radio Network and many others. His books have been recommended by prominent magazines and financial publications such as Money, Family Circle, Investor's Business Daily and more. Dan wrote or contributed to major articles for Reader's Digest, National Review, WorldNetDaily, Reason, USA Today Magazine and others. The Associated Press once commented that "Dan Pilla probably knows more about the IRS than the Commissioner." The Wall Street Journal ranked his book, The IRS Problem Solver, as the number one tax book in America. Dan was a consultant to the National Commission on Restructuring the IRS. He works with numerous public policy research institutes and presented testimony to Congress on several occasions. His testimony to the Senate Finance Committee blew the lid off IRS abuse and led to many new taxpayers' rights and protections. Dan is admitted to practice before the United States Tax Court and is enrolled to practice before the IRS.