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TOOLKIT™ TAX GUIDE 2008 -- with FREE Online Tax Prep and Filing

By the editors of Business Owner's Toolkit

432 pages -- 8 1/2" x 11" -- $17.95

Since 1913, CCH has been the leading name in tax information for professionals. Now, CCH is making its experience accessible to small business owners as well as conventional tax filers in the Toolkit™ Tax Guide 2008.

Whether you choose to go it alone or use a professional, this easy-to-understand title will save you time and money during the preparation of your federal income tax return. Our expert commentary guides you every step of the way with a line-by-line look at your sole proprietorship and/or personal tax return.

And hundreds of tips, examples, charts, and tables will help you make tax-wise decisions throughout the year.

Included with your book purchase is FREE tax return preparation and filing for one federal and one state income tax return using our online tax service, CompleteTax™, which is now available at www.completetax.com. By using CompleteTax™, you’ll be able to process your federal and resident state tax returns on your computer, and file them by mail. You can also choose to file your tax returns electronically at no extra charge.

Organizing your tax information is the single most critical step in successfully completing a return, and CompleteTax™ is smart enough to only ask for the information that applies to you, which means you save time and effort. Throughout the book you’ll find handy tips for using the organizer to ensure that you gather the information you need to complete your tax filings and minimize your tax bill.

Like other tax guides, Toolkit™ Tax Guide 2008 has complete analyses of individual income tax issues. But unlike the competition, it has an extensive glossary that demystifies tax lingo and detailed discussions on issues of primary interest to small business owners like:

  • What is the best form of organization for my business?
  • How do I differentiate between my personal and business expenses?
  • How do I maximize my deductions for auto, entertainment, depreciation, and home office expenses?
  • How do I handle employee benefit plans on my tax return?
  • What might the IRS look for in an audit of my business activities, and what is the best approach in dealing with them?

    Table of Contents
    PART I: GETTING STARTED
    How To Use This Book
    What's New This Year
    Tax Calendar
    Chapter 1: The Basics of Tax Planning
    Chapter 2: Keeping Good Records
    PART II: TAXES AND YOUR BUSINESS
    Chapter 3: Forms of Business Organization
    Chapter 4: Introducing the Schedule C
    Chapter 5: Business Income
    Chapter 6: Deductible Business Expenses
    Chapter 7: Capital Assets and Depreciation
    Chapter 8: Business Profit and Self-Employment Tax
    Chapter 9: Business Tax Credits
    PART III: PERSONAL TAX ISSUES
    Chapter 10: Filing Status and Exemptions
    Chapter 11: Employment Income and Related Deductions
    Chapter 12: Real Estate
    Chapter 13: Investments
    Chapter 14: Retirement
    Chapter 15: Standard and Itemized Deductions
    Chapter 16: Tax Credits and Miscellaneous Issues for Families
    Chapter 17: Calculating Your Tax
    Chapter 18: Dealing With the IRS
    Glossary of Tax Terms
    2007 Tax Forms
    Index