Comments on: Tax deductions?

By: Steve

Steve — Fri, 23 Apr 2010 16:25:56 +0000

See the link.

http://www.irs.gov/publications/p334/index.html

This is the publication that the IRS publishes for small businesses.

By: Serge M

Serge M — Fri, 23 Apr 2010 16:25:56 +0000

That first sentence is a dilly. I wonder what it means.

Your deductions are all business expenses, reported in Schedule C.

Basic accounting software can be Money or QuickBooks. for personal budgeting, a lot of people use Quicken, but it is not accounting software. I use DacEasy Accounting, which can handle any small business. Peachtree is similar to DacEasy.

By: Princess Deb

Princess Deb — Fri, 23 Apr 2010 16:25:56 +0000

You’re a CPA and don’t know what tax deductions your eligible for and need help with personal bookkeeping??? That scares me.

By: Pobept K

Pobept K — Fri, 23 Apr 2010 16:25:56 +0000

To do it your self you will need to know IRS and your states tax code. This is not an easy task. Best to pay a professional tax account to guide you in this matter.
good luck