An Overview of Tax Facts on Individuals and Small Businesses

The pioneering leader of online legal studies, William Byrnes serves as associate dean of graduate and distance education at the Thomas Jefferson School of Law. He possesses substantial experience as a tax attorney, and worked with public companies as a senior manager and associate director of Coopers & Lybrand’s international tax department. William Byrnes has authored more than 1,000 publications providing insight into financial law, and as author of National Underwriter’s Tax Facts series of books [for tax, financial and estate planning professionals], that having sold in excess of 100,000 copies in print and online, he is a best-selling author in the professional markets. a book for popular Tax Facts series.

National Underwriter’s Tax Facts publications aim to clarify complicated tax issues for financial professionals. Its most recent addition, Tax Facts on Individuals & Small Businesses, serves as a valuable reference for financial experts providing services such as planning, insurance, and legal counsel to individuals and small organizations. The book delivers information in Tax Facts’ familiar Q&A style to provide ready access to succinct guidance on various taxation matters.

The book is divided into seventeen chapters spanning a wide range of topics. With sections covering charitable donations, losses due to theft or failed investments, and both federal and investment income tax, the publication answers many questions that may be posed by both individuals and companies. Other chapters address topics particularly applicable to small business owners, including small business valuation, succession, employer-sponsored benefits, and expense deductions.