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Attorney Frederick W. Daily - Tax Savvy for Small Business

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Tax Savvy for Small Business - photo 1

The Trusted Name but dont take our wo - photo 2

The Trusted Name but dont take our word for it In Nolo you can - photo 3

The Trusted Name

(but dont take our word for it)

In Nolo you can trust.

THE NEW YORK TIMES

Nolo is always there in a jam as the nations premier publisher of do-it-yourself legal books.

NEWSWEEK

Nolo publications... guide people simply through the how, when, where and why of the law.

THE WASHINGTON POST

[Nolos]... material is developed by experienced attorneys who have a knack for making complicated material accessible.

LIBRARY JOURNAL

When it comes to self-help legal stuff, nobody does a better job than Nolo...

USA TODAY

The most prominent U.S. publisher of self-help legal aids.

TIME MAGAZINE

Nolo is a pioneer in both consumer and business self-help books and software.

LOS ANGELES TIMES

21st Edition

Tax Savvy for
Small Business

Attorney Frederick W. Daily
and Stephen Fishman, J.D.

TWENTY-FIRST EDITION JANUARY 2021 Editor DIANA FITZPATRICK - photo 4

TWENTY-FIRST EDITION

JANUARY 2021

Editor

DIANA FITZPATRICK

Book Design

SUSAN PUTNEY

Proofreading

SUSAN CARLSON GREENE

Index

ACCESS POINTS INDEXING

Printing

BANG PRINTING

ISSN: 1939-3040 (print)

ISSN: 2330-2984 (online)

ISBN: 978-1-4133-2816-5 (pbk)

ISBN: 978-1-4133-2817-2 (ebook)

This book covers only United States law, unless it specifically states otherwise.

Copyright 19951999, 20012019, and 2021 by Nolo. All rights reserved. The NOLO trademark is registered in the U.S. Patent and Trademark Office. Printed in the U.S.A.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Reproduction prohibitions do not apply to the forms contained in this product when reproduced for personal use. For information on bulk purchases or corporate premium sales, please contact tradecs@nolo.com .

Please note

We know that accurate, plain-English legal information can help you solve many of your own legal problems. But this text is not a substitute for personalized advice from a knowledgeable lawyer. If you want the help of a trained professionaland well always point out situations in which we think thats a good ideaconsult an attorney licensed to practice in your state.

Dedication

To my wife, Brenda, who has brought me everything that is good in life.

Attorney Frederick W. Daily

Acknowledgments

Trying to translate the tax code into plain English for the small business owner was a challenge that all but overwhelmed me. Without the help of many others I could not have done it.

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