Home Office Procrastinators, April 15th is Coming!!!





Share

Home Office Procrastinators, April 15th is Coming!!!

-By your Staff Writer for the Property Network, Matt Giles

If you work from home, have an office or shop and are a procrastinator like me, April 15th is around the corner. I am a true procrastinator in every sense. If it wasn’t for my fiancé pushing and prodding me now, April 14th is the day I would be filing.

If you talk to your accountant there are things you can write off on your taxes for your home office. It all depends on who you talk to, what you can write off and if you should. Some believe it’s good to leave well enough alone and others will have you righting off the Pledge you buy to dust off your desk. This for me is not a write off, because you can’t see my desk under the pile of stuff (I told you I am a procrastinator, so filing and putting stuff away is not top on my list of things to do.).

First off you need an office in your home to be able to write it off. The IRS does not want to see that your office is also your living room. So if you have an office (with a desk, chair, computer, filing cabinet, and a couple of walls) you are in business. First step is to measure you office; whatever percentage of your office takes up that is the amount you can deduct off your taxes for a write off.

If you have a separate business line it’s a complete write off, but if you are sharing phone lines and utilities (electric) you can only write off a percentage. Figuring out the percentage is tricky. It might be best to just keep to whatever your space percentage write off is.

If you purchase a computer it is a write off the year you purchase. Printers, scanners, internet router, etc are all write offs. Make sure it is solely for your business. If it is a family computer by law you can’t write it off for your business.

Keep every receipt from Staples and highlight all purchases made towards the business. If you get audited it will be a tough sell to the IRS that you purchased the Barbie trapper-keeper and Transformer book bag for your business.

Really any and all supplies that you use to clean your office, run your office, fix things in your office are all tax write offs. Light bulbs, Windex, canned air to clean your keyboard,  serge protectors, paint if you painted your office, etc, add them all up because they are write offs!

Depending on your home based business you get different write off’s. When I worked at a radio station in Boston, I knew a DJ/Music programmer who wrote off every CD he bought, magazine subscription that came to his house, part of his cable bill, and anything else related to entertainment because it was all research for his radio show and radio station.

My number one advice is talk to your accountant about what they think is ok to write off. NOBODY wants to mess with the IRS. Just ask Al Capone, Willey Nelson, Martha Stuart and Wesly Snipes. Besides Al Capone (for obvious reasons) they would all say the IRS mean business.

-Matt Giles, Staff Writer for the Property Network, Freelance writer for hire. For more info visit www.mdgcopywriting.com



  • wp socializer sprite mask 16px Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate
  • wp socializer sprite mask 16px Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate
  • wp socializer sprite mask 16px Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate
  • wp socializer sprite mask 16px Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate
  • wp socializer sprite mask 16px Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate
  • wp socializer sprite mask 16px Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate
  • wp socializer sprite mask 16px Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate
  • wp socializer sprite mask 16px Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate

lg share en Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate

onlinerel Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate facebook Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate twitter Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate myspace Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate friendfeed Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate technorati Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate delicious Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate digg Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate google Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate yahoobuzz Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate stumbleupon Home Office Procrastinators, April 15th is Coming!!! | CT Real Estate

Leave a Reply