SELF-EMPLOYED.
SIDELINE INCOME. FREE-LANCER. PROFESSIONAL.
INDEPENDENT CONTRACTOR. HOME-BASED BUSINESS.
MULTI-LEVEL MARKETING. NO MATTER WHAT NAME IS
USED, ANY UNINCORPORATED ACTIVITIES SUCH AS THESE ARE
LIKELY CONSIDERED AS SOLE PROPRIETORSHIPS. THERE ARE
MANY TYPES OF TAXES FOR WHICH AN INDIVIDUAL MAY
BE LIABLE. EVEN A "BUSINESS OF ONE" CAN
CREATE SOME SURPRISING TAX CONSEQUENCES IN THE
MAKING, SELLING, TRADING AND GIFTING OF GOODS OR
SERVICES. A SEEMINGLY INNOCENT ACTIVITY MAY
UNWITTINGLY FLAG CERTAIN LICENSE REQUIREMENTS OR
TAX LIABILITIES. YET THESE SAME SITUATIONS CAN
ALSO HELP YOU AND YOUR BUSINESS QUALIFY FOR
SPECIAL TAX BREAKS!
THIS
EASY-TO-USE MANUAL PROVIDES A CONCISE OVERVIEW OF
TAXES ON INCOME, SALES, PROPERTY,GIFTS, ESTATES
AND EMPLOYMENT. THE ESSAY AND REFERENCE SECTIONS
ILLUSTRATE THE BENEFITS OF SELF- EMPLOYMENT. IT
CAN SHOW YOU HOW TO LOWER INCOME TAXES AND HOW TO
AVOID VARIOUS TAX PROBLEMS.
THE
Tax Guide for Sole Proprietors INCLUDES
SIMPLE LINE-BY-LINE INSTRUCTIONS AND EXAMPLES FOR
COMPLETING THE IRS SCHEDULE C (Profit
or Loss from Business) AND ITS
RELATED FORMS FOR ATTACHMENT TO PERSONAL INCOME TAX RETURNS. IT
ALSO FEATURES A GLOSSARY OF TERMS AND A COMPREHENSIVE TAX
CHECKLIST.
NEW VERSION AVAILABLE
DECEMBER 2002
|