Links from the July 25 ProSystemOne event in Kissimmee

Thanks again to the Picis and the rest of the ProSystemOne group for letting me give you some ammunition in your fight to keep the money you've worked so hard to earn. As promised, here are links to all the IRS documents I referenced in my presentation:

Publication 505 - Tax Withholding & Estimated Tax This Publication discusses how to calculate withholding & estimated tax payments to avoid the underpayment penalty

Publication 463 - Travel, Entertainment, Gift & Car Expenses This Publication discusses the proper deductibility, calculations, and record-keeping for this tricky area of tax law.

Publication 587 Business Use of Your Home This Publication discusses the allowable expenses and necessary calculations for deducting a home office.

Publication 502 Medical and Dental Expenses This Publication discusses what types and amounts of medical expenses are deductible.

Publication 560 Retirement Plans for Small Businesses (SEP, SIMPLE and Qualified Plans) I didn't get to discuss this area because of time restraints so look it over if you have an interest in making deductible retirement plan contributions.

Retail Industry Audit Technique Guide This is the document I read from at the end of my presentation. It's the guide the IRS uses to educate its agents about particular types of businesses they will be auditing. Skip to page 3-98 for the section on Direct Sellers. This document could be the most valuable one you download if you are ever faced with the specter of an IRS audit.

Here are a few additional documents that might be useful to you as you manage the taxes related to your business:

Publication 334 Tax Guide for Small Business (For Individuals Who Use Schedule C or C-EZ)

Publication 583 Starting a Business and Keeping Records

Publication 1518 The IRS Tax Calendar for Small Businesses & Self-Employed

If you have questions, then please request my contact information from Joe or Dawn.