* Completely updated for all the new tax laws* Capitalize on every deduction!* Sole proprietor, corporation, or partnership?The Ultimate Guide to Running a Tax-Efficient Home-BasedBusinessThe advantages of operating a home-based business are countless,but what many owners don't realize, and are often not prepared tohandle, are the host of complex tax issues surrounding a home-basedbusiness. The completely updated FifthEdition of J.K. Lasser's Taxes Made Easy for Your Home-BasedBusiness clarifies the current tax environment with regard tohome-based businesses, and shows you how to make the most of thenew tax laws.This perennial guide answers home-based business owners' questions,with a special focus on the changing tax laws and deductions forthe home office. Expert advice and in-depth insights will help youavoid costly mistakes and take advantage of opportunities you wouldotherwise miss.Critical coverage will help you:* Navigate the details of the new tax laws and IRS rules* Increase your knowledge of deductible expenses* Keep your records up to IRS standards* Organize and run a home-based business for maximum taxbenefits* Make filing easy by utilizing sample tax forms