J.K. Lasser's From Ebay to Mary Kay by Gary W. Carter Ph.D. (2006, E-book)

The ultimate guide to running a tax-efficient home-based business

Today, millions of people are making either a full or part-time living selling things on eBay. Still more are making a living selling products from their home–think Mary Kay and Avon. Many just entering this business are unaware of their potential tax liability. With J.K. Lasser’s From Ebay to Mary Kay, leading tax consultant Gary Carter walks readers through the challenges of accounting for a home-based or on-line business. Topics covered throughout this comprehensive guide include: Can you deduct the use of your home? Are there ways to avoid taxes entirely? What types of taxes might you owe? How do you account for your inventory? What are the rules on collecting sales and use taxes? The advantages of operating a home-based business are countless, but what many owners don’t realize, and are often unprepared to handle, are the host of complex tax issues surrounding them. J.K. Lasser’s From Ebay to Mary Kay will show readers how to account for their home-based business and avoid tax trouble.

Gary W. Carter, PhD, MT, CPA (Edina, MN), has more than 25 years of tax experience. He has worked as a revenue auditor and tax practitioner, and is currently on the faculty of the University of Minnesota’s Carlson School of Management. Carter also writes, lectures, operates a tax practice, and conducts seminars on tax issues pertaining to home-based businesses.