J.K. Lasser's Small Business Taxes 2014: Your Complete Guide to a Better Bottom Line

Index

Abandonment, disposal of property by, 131, 494

Aborted business ventures, 517–518

Above-market loans, 281, 282–283

Accelerated depreciation, 209

Access to capital and business organization, 29–30

Accountable plans for expenses: car, 227–228

travel and entertainment, 197–198

Accounting and tax preparation fees, 450

Accounting methods, 45–55

accrual, 49–51

business organization and, 32

cash, 45–49

discounts given, 55

discounts received, 55

installment, 53–54

for long-term contracts, 52–53

mark-to-market, 54–55

Accounting periods:

business organization and, 32

business purpose for fiscal year, 42

change in, 45

generally, 40–45

pass-through business on fiscal year, 43

seasonal businesses, 41

Section 444 election for fiscal year, 43

short tax years, 44

types of, 40–41

Accrual accounting method:

all events test, 49

economic performance test, 49–50

related parties, 51

tax planning strategies, 492

two-and-a-half-month rule, 50

Accumulated earnings tax, 27

Acquisitions, debt-financed, 280

Activated reservists, employer wage credit for, 170

Active participation:

defined, 97

IRAs, 351

Actual expense method for cars:

business use versus personal or investment use, 209, 210–211

conventions, 211–213

depreciation, 208–210

dispositions, 216–218

dollar limits on depreciation, 214–216

expenses included, 208

recordkeeping for, 228–231

Section 179 deduction, 213–214

standard mileage allowance ...