With expert commentary and line-by-line explanations, this resource addresses the tax-filing process while helping to minimize bills. Detailed discussions focus on issues of primary importance to small-business owners and help answer 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?" Free online information and support are included, as are sections covering the latest changes to the federal U. S. Tax Code and an extensive glossary designed to clear up any confusion associated with tax jargon.