Tax Guide 2007

With expert commentary and line-by-line explanations, this resource addresses the tax-filing process while helping to minimize tax bills. Detailed discussions focus on issues of primary importance to small business owners and help answer the most commonly asked questions, such as What is the best form of organization for a given business?How should personal and business expenses be differentiated?How should employee benefit plans be handled on tax returns? and What might the IRS look for when conducting an audit? An extensive glossary, provided to clear any confusion associated with tax jargon, is also included.