The essential tax-strategy book for entrepreneurs who call themselves "boss." Knowing the ins and outs of the tax code is vital to the health of every small business. Virtually every decision a business makes has tax consequences that can affect its bottom line -- and the IRS is always watching. Tax Savvy for Small Business provides valuable strategies that will free up your time and money for what counts -- running your business, and running it effectively. It explains how to: deduct current and capitalized expenses write off up to $105,000 of long-term assets each year compare the advantages of LLCs, corporations, sole proprietorships and more take advantage of fringe benefits keep records that will head off trouble with the IRS get tax breaks from business losses deal with payroll taxes negotiate payment plans for late taxes handle an audit get IRS penalties and interest reduced maximize retirement funds use retirement funds as a tax break Completely updated, the 9th edition of Tax Savvy for Small Business provides the latest tax breaks, rules, forms and publications. List of Forms IRS Publications List Forms Checklist and Due Dates Quick and Easy Access to IRS Tax Help and Tax Products (Publication 2053A) Your Rights as a Taxpayer (Publication 1) Recordkeeping for Individuals (Publication 552) Interest and Penalty Information (Notice 433) Deposit Requirements for Employment Taxes (Notice 931) Form 2553, Election by a Small Business Corporation Form 4506, Request for Copy of Tax Return Form 4797, Sales of Business Property Form 7018, Employer's Order Blank for Forms Form 8594, Asset Acquisition Statement Form 8821, Tax Information Authorization Form 8822, Change of Address Form SS-4, Application for Employer Identification Number Form W-4, Employee's Withholding Allowance Certificate Form W-9, Request for Taxpayer Identification Number and Certification Form 1040, Schedule SE, Self-Employment Tax

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