Tax Manual For Choosing the Best Business Entity
Author: Stanley Hagendorf and Wayne Hagendorf

Tax Manual For Choosing the Best Business Entity provides an in-depth survey of major factors to consider when choosing the best business entity. The book covers all major business entities including Proprietorships, Partnerships, Limited Partnerships, Limited Liability Partnerships, Limited Liability Companies, Corporations, and Subchapter S Corporations with particular emphasis on the tax ramifications of choosing a business entity. The book is an excellent reference book for any business entity.

The book includes coverage of major tax acts such as the American Recovery and Reinvestment Act of 2009, the Economic Stimulus Act, and the Tax Increase Prevention Act and includes such topics as:
• Subchapter S
• Net operating losses
• Sec. 179 and the new bonus depreciation deduction

Major topics include: entity classification under Check-The-Box, entity comparison for tax return requirements, tax checklist for business entities, chart for entities taxes and filing requirements, Record keeping and kinds of supporting documents, discussion and chart showing periods of retention for keeping supporting documents, fundamentals of tax accounting periods and methods, depreciation methods and rules, travel and entertainment expenses including checklists, ordinary and necessary business expenses deduction vs. capitlization, Section 1244 stock, federal tax deposit, tax basis and taxation of entity distributions.