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Synopsis

Taxpayer champion and enrolled agent Bonnie Lee puts the IRS under the microscope and uncovers proven methods, and surprisingly simple strategies to minimize your taxable income, maximize deductions, and, ultimately-add thousands back to your business’ bottom line! Do you owe an insurmountable sum to the IRS? Pay pennies on the dollar. Secret formula the IRS uses to determine an acceptable offer is revealed-Page 246 Save tax dollars simply by reorganizing your workspace-Page 17 Stuff tax dollars back into your pocket by fixing errors on your balance sheet-Page 50 Eat tax-free! Some meal expenses are 100 % deductible. Find out what qualifies-Page 56 Got a great hobby you’re turning into a bona fide business? Deduct the losses by following these guidelines-Page 99 Is your home office a red flag?-Page 107 You inherited Grandma’s house. Do you have to pay taxes on it?-Page 121 Can you write off your clothing?-Page 133 Under IRS audit? Learn “audit speak” to deal effectively with the IRS-Page 215

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