Barbara Weltman 
J.K. Lasser’s Small Business Taxes 2010 
Your Complete Guide to a Better Bottom Line

The tax facts and strategies that every small business owner
needs to know

Written in a straightforward and accessible style, this reliable
resource offers a complete overview of small business tax planning
and provides you with the information needed to make tax-smart
decisions throughout the year.

Focusing on strategies that help you use deductions and tax
credits effectively, shield business income, and maximize other
aspects of small business taxes, this practical guide will show you
how your actions in business today can affect your bottom line from
a tax perspective tomorrow.

* Includes detailed coverage of the newest tax laws and IRS
rules

* Reveals strategies that can help you run a tax-smart business
all year long

* Contains comprehensive information on each deductible expense,
including dollar limits and record-keeping requirements

* Offers clear instructions on where to report income and claim
deductions on your tax forms

* Provides help with state taxes and a guide to information
returns you may need to file

* Other titles by Weltman: J.K. Lasser’s 1001 Deductions &
Tax Breaks 2010

Owning a small business is a big responsibility. While many
small business owners seek to improve their bottom line, few
realize all the ways that both current and new tax laws can help
them do so. With J.K. Lasser’s Small Business Taxes 2010,
you’ll quickly discover how.

Table of Content

Preface.

Introduction.

Part 1 Organization.

1. Business Organization.

2. Tax Year and Accounting Methods.

3. Recordkeeping for Business Income and Deductions.

Part 2 Business Income and Losses.

4. Income or Loss from Business Operations.

5. Capital Gains and Losses.

6. Gains and Losses from Sales of Business Property.

Part 3 Business Deductions and Credits.

7. Employee Compensation: Salary, Wages, and Employee
Benefits.

8. Travel and Entertainment Expenses.

9. Car and Truck Expenses.

10. Repairs, Maintenance, and Energy Improvements.

11. Bad Debts.

12. Rents.

13. Taxes and Interest.

14. First-Year Expensing, Depreciation, Amortization, and
Depletion.

15. Advertising Expenses.

16. Retirement Plans.

17. Casualty and Theft Losses.

18. Home Office Deductions.

19. Medical Coverage.

20. Deductions for Farmers.

21. Domestic Production Activities Deduction.

22. Miscellaneous Business Deductions.

23. Roundup of Tax Credits.

Part 4 Tax Planning For Your Small Business.

24. Income and Deduction Strategies.

25. Tax Strategies for Opening or Closing a Business.

26. Tax Strategies for a Sideline Business.

27. Tax Strategies for Multiple Businesses.

28. Alternative Minimum Tax.

29. Other Taxes.

30. Filing Income Tax Returns and Paying Taxes.

Appendix A. Information Returns.

Appendix B. Checklist of Tax-Related Corporate
Resolutions.

Index.

About the author

Barbara Weltman is an attorney and a nationally recognized expert in taxation for small businesses, as well as the author of many top-selling books on taxes and finance. She is also an experienced writer and has been featured in many media outlets, including the Wall Street Journal, Inc.com, Bloomberg TV, CNN, and CNBC, and is host of her own radio show, Build Your Business. Sign up for her free e-newsletter and daily tips at www.barbaraweltman.com.