This eBook is updated annually in
for publication on Amazon on or about July 15.
the Kindle Reading App to read this book on your tablet, smart phone, or
I WROTE THIS BOOK to help home business
owners save money on their taxes—this year and every year in the
The strategies in this eBook are ones I've successfully used
throughout the life of my own business. They have enabled me to
keep THOUSANDS of dollars of business profit that would
otherwise have gone to the IRS. They will surely work for YOU,
In Publication Since 1995
THIS TIMELESS TAX GUIDE is one
that I have been selling since 1995, first as a print book, then as a PDF eBook,
and now as a much more affordable eBook. Its content is updated each year to reflect any changes in tax laws that
may affect Schedule C filers in the current tax year. In recent years, the text has rarely changed because
Schedule C tax laws have remained the same for many years.
All links in the Resource
Chapter are checked for accuracy before a new current year's edition is published, but things change daily on the
Web, so expect that a link or two may go bad between now and publication of the
Selected Reviews on Amazon:
Great Review of Potential Deductions . . . Overall, a great read filled with pearls of wisdom about an often overlooked aspect of
income tax reimbursement. Brabec's text provides a unique fulcrum for the
individual taxpayer to regain financial leverage come April 15th." - Kelly
is a great book. The references are especially useful. Barbara makes you feel
very comfortable with dealing with your expenses and she encourages you to take
what is yours when it comes to deductions. I would buy this book again and
recommend to others." - Mike "Friend"
"All Home Business Owners Should Buy This Book. Brabec explains in simple, clear words (no legalese or
bureaucratic doublespeak!) the many legal tax deductions that home-business
owners (and sometimes even their tax preparers!) often don't know about or just
don't clearly understand."
- Paula J. Y. Wirfel
More reviews from satisfied readers:
" . . .a treasure-trove of savvy tips and unusual strategies to save
self-employed folks tons of unnecessary taxes."
- Marilyn Ross, author of The Complete Guide to Self-Publishing
"Do NOT start (or continue!) a homebased business until you read this book."
- Diana Ratliff,
Business Card Design
"Whether new to the world of home-based income, or in the game for a long time,
you will benefit from this book as you plan for a successful business."
- Steve Maurer,
OTHER REVIEWS ON THE WEB:
". . . an eBook that pays for itself many times over in helping small business
owners take advantage of tax deductions they might otherwise never know about.
All of Barbara Brabecís books are excellent and extremely well researched. This
eBook [...] is far and away one of the best on this subject youíll find
How to Get a Handle on Your Schedule C Deductions and Work with an Accountant.
Waiting until the last minute in April to think about your tax situation is
a BIG mistake. Companion article to Barbara's tax strategies eBook.
"Brabec has long been known as a
motherlode of information." - New Business Opportunities
"Barbara Brabec knows more about
how to run a successful home-based business than anyone in the nation." - Alan
This money-saving eBook will enable you to cut your self-employment taxes to
the bone—not only THIS year, but for years to come. Add it to your business
eBook collection now!
This could be the best little financial investment you'll make this year!!
Copyright © 2000-2018 by Barbara Brabec. All rights reserved.
Barbara Brabec's Classic Tax Strategies Guide
for Self-employed Individuals
Working at or From Home Base
What Your Accountant Will Never Tell You!
NOTE: The 2018 edition of this book includes the latest information about the
new Tax Cuts and Jobs Act
reform and how it affects Schedule C filers. It features a totally updated and
enlarged RESOURCE CHAPTER with 150 links to the best information from leading tax experts,
accountants, and attorneys who discuss various Schedule C tax deductions in
great detail—INFORMATION you can trust!
GOT ALL YOUR
"TAX DEDUCTS" IN A ROW?
If you need DETAILED, CLEAR INFORMATION on how to legally shelter thousands
of dollars of business income from self-employment and federal taxes this
year and EVERY year in the future ...
Here's the ebook that explains dry IRS instructions in a down-to-earth and
often amusing way, providing information your accountant or tax preparer will
never volunteer (and in some cases may not even know). In fact, this book is
likely to answer questions you didn't even know you had.
Current Year's Edition
for U.S. Taxpayers
Click over to Amazon to "Look inside the book."
BARBARA'S HOME-BUSINESS FINANCIAL RULE:
It's not how much you can MAKE in a business of your own . . . but how much you
can legally KEEP out of the hands of the IRS!
"As a consultant and publisher, I am confronted
almost daily by 'entrepreneurs' who don't have any idea where the point
of profit really begins. Small businesses . . . will benefit from any
and all of the information contained in this must-read book. It's
humorous, entertaining, and chock full of Tax Tips and information to
help you improve your bottom line." ~ W. R. "Bill" Ronay, A Step Ahead,
Once the April 15 return is filed each year, many Schedule C filers
stop thinking about taxes for several months, perhaps waiting until November or
the last week of December before frantically trying to think of things they can
do, or payments they can make or delay to maximize tax savings for the current
tax year. But tax planning is something you should be doing all year long, and
NOW is always a good time to consider new strategies you might implement to help
you cut the amount of self-employment (SE), federal, and state taxes you will
have to pay on this year's business profits.
But the savvy tax tips and strategies in this
eBook aren't just going to save you money on the current year's
taxes. Once you understand the money-saving CONCEPTS in this ebook, you will be
able to cut your self-employment taxes for years to come. In fact, I have used these same strategies
in my own home business to legally shelter thousands of dollars of business
profits from self-employment taxes while cutting federal and state taxes as well.
The problem for most home business owners is that their accountants
or tax advisers rarely (if ever) remind them about deductions they
might be overlooking, or money-saving tax strategies they might implement.
Always overworked at tax time, they just work
with the figures they are given.
That's why it's so important to make sure you haven't
overlooked any of the MANY LEGAL DEDUCTIONS you can
take on your annual Schedule C tax form . . .
AND . . . that you understand how different tax strategies can lower
your overall taxes even more, year after year.
EQUALLY IMPORTANT: How to avoid IRS pitfalls that could cost you a bundle if
you're ever audited.
What can you deduct on Schedule C? (You may be amazed to see how many
deductions you didn't know you could take.)
As a home-business owner or other self-employed individual who works at
or from home base, you're entitled to ALL of the deductions listed below.
And you'll find clear and detailed discussions of each of them in this
unique money-saving guide, including:
about any new tax law changes for the
current tax year that affect Schedule C filers;
A checklist of
79 Schedule C tax deductions, many of which are discussed at length
in the book, with instructions on how to calculate and claim each deduction. (Preview the list here.)
about 20 deductions often overlooked
by home business owners;
A CLEAR explanation of the
"Home-Office Deduction" and why one should not be fearful of
taking it, with a discussion of 11 categories of indirect and direct
tax-deductible home-office expenses and how to calculate them;
which home-related "outside expenses"
you can and cannot deduct on Schedule C;
Tax-wise strategies for hiring your
spouse or children to help with your business;
The financial dangers of using
independent contractors (ICs), and the states with "homework laws"
that disallow the hiring of ICs to make products in their own home (of vital
concern to art/craft/sewing/knitting/needlework-related businesses);
options for hiring outside help to avoid running afoul of the IRS
or Labor Department;
Special TIPS throughout the text that highlight special tax
strategies, IRS pitfalls, and better ways to track or substantiate deductible
Tax lessons learned the hard way
by some of Barbara's readers, and how you can avoid the pitfalls they
PLUS . . . More than a 150 Web
links to reliable tax information and explanatory articles that
will save you COUNTLESS HOURS of research time and answer questions you didn't
even know you had . . . including many articles related to the new TAX CUTS AND
JOBS ACT reform which will be in place from 2018-2025).
"I doubt if most
accountants will clue you in to all the deductions mentioned in Barbara Brabec's
ebook. And if they did, your eyes would be rolling up in confusion. Brabec has
been coaching small business owners for years and knows how we think and what we
need to know that matters most to our bottom lines. Highly recommended for any
business owner." ~ James Dillehay,
Guerrilla Multilevel Marketing
IN THIS EBOOK YOU'LL ALSO LEARN ABOUT:
reimbursement plans for the self-employed under the new Health Care Reform law
(how to Deduct 100 percent of your family's out-of-pocket medical expenses and
insurance on your Schedule C form—without incorporating, without buying a new
insurance policy, and with a minimum of paperwork);
A little-known Social Security problem affecting married
women who file taxes jointly with their husbands but use a different
Why you should think twice before making your spouse a
partner in your business instead of an employee (another financial
pitfall you can avoid);
The tax complications when you depreciate your house
(and why/when you'll be penalized if you take the home office deduction but do
NOT take a deduction for depreciation);
How to figure the business usage of your home;
How to maintain a separate business checking account
when there is very little cash to put in the bank;
Why you should not fear an IRS audit simply because you take
the Home Office Deduction;
Why you must be careful about who you hire to do your tax
return—and why you shouldn't try to do your own home-business return.
Don't wait until the last minute at tax time to start looking for additional
deductions when you can do it now:
Identify and grab overlooked
Schedule C deductions for the current tax year . . .
Put new strategies in place to
maximize deductions for next year and beyond.
the years, several accountants and tax experts have verified the accuracy of
the information and advice in this book, so you can rest easy in the
knowledge that you're operating safely while also taking advantage of the
wealth of LEGAL tax deductions available to every home-business owner and
Just $4.99 for a book that could help you
keep THOUSANDS OF DOLLARS
out of the hands of the IRS!
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