With expert commentary and line-by-line explanations, this resource addresses the federal tax-filing process while helping to minimize liabilities. 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 tax code. In addition, book buyers will have free access to an online tax-preparation service.