Most small business owners and self employed individuals are more concerned about the day to day issues of running your business rather than digging through thousands of pages of IRS publications to learn what deductions they might be entitled to on their tax returns. They also do not have the funds to hire a staff of tax attorneys to guide them through the maze known as the Internal Revenue Code. This book will be their staff of tax attorneys to guide them, and to provide them with legitimate deductions that they are entitled to take, but have not been doing so. More importantly, this book will give them methods of record keeping shortcuts designed to take less of their time, yet meet all IRS requirements. There is a lot of talk about a flat tax, and perhaps that would be a good thing. The chances of that happening anytime soon is remote, because politicians love to use (or abuse) the tax code to encourage investment, employment and other pet projects for their states. With the change of administration in the White House a few days away at the completion of this book, there will undoubtedly be many changes to the U.S. Tax Code over the coming months. They buyers of this book will be provided a six (6) month membership to taxsaver.co, (LAUNCHING IN jANUARY, 2017) where the author will be providing updates and changes to the Tax Code for its members. This book is designed to provide the reader with a quick reference not only to different deductions available to them, but also reference to the tax code and other authorities that they can use to provide to their tax preparer at tax time to support their deductions. The book covers everything that a small business owner needs to know, from a brief explanation of the tax system, start up deductions and operating expenses. It covers long term asset deductions and how to handle inventory. It amplifies information on the home office deduction, car and truck use in business, how to combine personal and business travel to make both deductible, as well as getting the most out of their ability to deduct meals and entertainment. It also touches on the many miscellaneous deductions that are available. Finally, it explains how to amend previously filed tax returns when the reader learns how much money they have left on the table in those previous returns. We also discuss strategies to avoid audits and how to handle an audit if one comes up. This book will help the reader to fit their business and circumstances to the available deductions, and start saving thousands of dollars in taxes each year which they could be used by you to grow your business. As long as the Tax Code is allowing all of these deductions and perks, why shouldn't the small business owner take advantage of them? They should keep that money to build their own business. And with our record keeping guidance and shortcuts, the owner can make their tax return virtually AUDIT PROOF.


Ken Koenen is a tax attorney licensed in the states of Arizona and California, and currently practicing in Peoria, Arizona. His areas of practice include Tax Law, Real Estate Transaction Law, Estate Planning, Probate, and Business Law. His emphasis is on small business taxation, real estate taxation, investment issues, self-directed IRA’s and 1031 exchanges. He also provides tax preparation services for select taxpayers, both individual and business. Ken became licensed to practice law in June of 2001 and obtained an LLM-Taxation Degree (Master’s in Tax Law) in 2004. Having been involved in the real estate industry, he maintained his ties to the real estate and business communities by providing numerous educational seminars on various law, taxation and real estate related topics. One of his favorites is his ＂Tax Strategies for Realtors(R)＂, in which he teaches how small business owners and real estate agents can save thousands of dollars on their taxes. He has helped hundreds of people who have dealt with the hardships of foreclosure and short sales. He has also been involved in dozens of cases in which fraudulent acts of lenders and mortgage brokers were involved. He believes that everyone, especially the small business owner who cannot afford to hire a high priced tax attorney or CPA should have an easy source of basic deductions and record keeping shortcuts in order to reduce their taxes and increase their productivity.