Download or read book The 2016 Tax Guide, Diary and Journal for the Self Employed written by Ken Koenen LLM and published by Createspace Independent Publishing Platform. This book was released on 2015-12-04 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Internal Revenue Service is not your friend. As a matter of fact, when you put THE IRS together, it says: THEIRS. In the eyes of the IRS, you are guilty until you prove yourself innocent. That does not mean that you need to be afraid of them. It only means that you need to be able to prove the deductions that you have taken are valid. This book was prepared to help real estate agents know some of the deductions that they are entitled to take, how to minimize their chore of record keeping, and to make their tax returns audit proof. The book is divided into three parts: 1. A tax guide describing many deductions that can be taken and what kind of record keeping is required for each deduction. 2. A tax diary. Different from a day planner, this section is strictly for recording business mileage, meals and entertainment and travel expenses. 3. An expense journal. This section has separate pages for the various normal expenses for real estate agents, such as advertising, office supplies, car expenses, etc. Following the guidelines and using the tax diary and expense journal will help the real estate agent save hundreds or thousands of dollars in taxes, and at the same time reduce the time spent on record keeping. It will also be all that they will need to prove the validity of their deductions in case of an IRS audit.