I routinely have this argument with clients. It’s actually a cut-and-dry ruling, but everyone wants to play fast and loose with the rules.
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Home Office Rules
Tag Archives: Home Office
Telecommuting travails
Living in the DC Metro area, it is not unusual to see a bunch of folks working from home- or in my coffee shop. (Yes, I just switched allegiances after more than 20 years.)
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When a home office is not a home office
I’ve had a slew of folks argue with me that their business has no office but the one in their home. If their business is unincorporated (and if your net income is $ 25K or higher- shame on you for being unincorporated) or a disregarded LLC, I agree that they have the ability to claim part of their home’s expenses for business purposes, using Form 8829.
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Post-apocalypse?
Whew. You’re done. You managed to file your income taxes yesterday. (Some of you remember- long ago, when we stopped spending money to build America- that the Post Office stayed open until midnight [or 2AM] to yield that coveted 15 April postmark. No more…) And, now you won’t worry about taxes for the next 11 months.
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Simpler Taxes Are Not Always Better
Another change in the tax situation for 2013…
Many folks are afraid to claim their duly earned home office deduction, because they fear they will be audited. About 3.5 million folks used this deduction in the past years- which is a lot lower than the number of folks who maintained a home office. (NASE- the National Association for the Self Employed- did a survey in 2008 and found more than 60% of those entitled never took this deduction.)
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