This comprehensive guide is designed to help self-employed individuals, sole proprietors, and independent contractors navigate the complexities of Schedule C and the process of reconstructing taxpayer expenses. Whether you're a freelancer, a small business owner, or a tax professional, this eBook provides step-by-step instructions, real-world examples, and practical insights to ensure you're maximizing your deductions and maintaining compliance with IRS regulations.

Inside this eBook, you'll find:

Detailed explanations of key tax deductions, including advertising, car and truck expenses, depreciation, meals and entertainment, home office deductions, travel expenses, and much more.
Step-by-step guides on how to properly reconstruct expenses when records are missing, using industry averages and reasonable estimates to ensure that every deduction is valid and substantiated.
Real-world examples and case studies that demonstrate how to apply these deductions to real businesses.
33 companies with listed deductions, showcasing a variety of business types and their specific allowable deductions. This section helps you better understand which expenses are common across industries and which ones are unique to specific businesses.
Guidance on using TaxSlayer and OLT tax software to input and track deductions for businesses, streamlining the process of filing tax returns.
Red flags to avoid when reconstructing expenses, including common mistakes that could trigger IRS audits.
An Excel sheet template included to help you organize and track deductions for your business. This sheet will simplify the process of categorizing and managing your expenses, ensuring you don’t miss out on any potential deductions when filing your taxes.

With clear instructions, practical examples, and valuable tools like the Excel sheet template, this eBook is an essential resource for anyone looking to ensure their business deductions are accurate, compliant, and optimized for tax savings.

Quick Links

Contact Us

Legal