How to Maximize Schedule C Deductions & Cut Your Self-Employment Taxes to the BONE -- What Your Accountant Will Never Tell You

THIS HIGHLY-ACCLAIMED tax guide by home-business expert Barbara Brabec (available since 1995 in one format or another) is directed to U.S. taxpayers who work at or from home base and file a Schedule C form. The edition currently available is for tax year 2016.

While the book’s RESOURCE CHAPTER is updated annually in mid-June,* the book’s text has changed little over the years because its focus has always been on the timeless and savvy tax strategies that many home-business owners and other self-employed individuals have historically overlooked or simply don’t understand.

Self-employed for most of her adult life, the author has used most of these tax strategies in her own home business to legally shelter many thousands of dollars of business income from self-employment taxes (which automatically lowers one's federal and state taxes as well). These proven tax strategies have been gathered through first-hand experience and by communicating with home-business professionals in her business network. Several tax, accounting, and legal experts have contributed invaluable tips and legal advice, particularly in the areas of hiring one’s spouse or children, how to avoid or get out of a tricky independent contractor situation, and how to set up a medical reimbursement plan that will cover 100 percent of a family's unreimbursed medical bills. This is "insider information" you won't find in any other tax eBook.

While explaining dry tax information in a fresh, clear, and often amusing way, Barbara offers a wealth of Schedule C-related information your accountant or tax preparer will NEVER volunteer, and worse, may not even know. In fact, this book is likely to answer questions you didn't even know you had. It features a list of 76 Schedule C deductions, with a detailed discussion of twenty of the most important ones, and the Home Office Deduction is explained in such a way that no one entitled to it will be fearful of taking it. Thirty SPECIAL TIPS enliven the text, and a hefty RESOURCE CHAPTER at the end includes nearly a hundred links, all neatly arranged by topic categories, with each link offering a description and quick access to needed tax forms, legal advice, and articles by tax experts on specific laws, deductions, or strategies discussed in the book. Included are links that will help readers stay up on changing tax laws in the future.

After reading this book, you’ll realize that what’s important is not how much money you can MAKE in a business of your own, but how much you can legally keep out of the hands of the IRS simply by maximizing Schedule C deductions and taking the Home Office Deduction to which you are entitled.

*All web links are checked annually and updated accordingly. The edition currently available includes any tax law changes specifically related to Schedule C filers for the current tax year.