To acquaint the home base business owner with all the nuances of taxation, tax laws and tax benefits, this book starts its discussion by defining the two types of tax systems.All the major areas that can bear on tax implications have been covered with precise details and statistical inputs as and where required for clear understanding. From record keeping to depreciation to tips on deducting home office expenses to structuring the business and dealing with the IRS, all points are carefully and intensively discussed, leaving no scope for confusion or ambiguity.