Self Employment Success Flagstaff AZ

Here are a few tax tips to make your work-at-home dream come true.

Dan R Morris
(888) 222-1328
1300 S MILTON RD
FLAGSTAFF, AZ
Specialties
Estate Planning, Guardianship, Elder Law, Business, LLC, Probate, Trusts, Partnership, Wills, Prenuptials, Power Of Attorney, Tax
Education
Arizona State University,University of Arizona
State Licensing
Arizona

Kathryn A Munro
100 N ELDEN ST
FLAGSTAFF, AZ
Specialties
Tax, Probate, Trusts, Estate Planning
Education
University of Montana School of Law,University of Washington School of Law
State Licensing
Arizona

Eliza Daley Read Law Office
(928) 773-0606
150 West Dale Avenue, Suite 5
Flagstaff, AZ

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Peter C Guild
1850 N CENTRAL AVE STE 2400
PHOENIX, AZ
Specialties
Estate Planning, Probate, Trusts, Tax
Education
Northern Arizona University,University of Arizona,University of Florida
State Licensing
Arizona

Ross Meiners
(520) 777-2198
2 E. Congress St., Suite 900
Tucson, AZ
Specialties
Bankruptcy, Real Estate, Tax
Education
University of San Diego School of Law,The University of Arizona,University of San Diego School of Bu
State Licensing
Arizona, California

Robert W Warden
100 N ELDEN ST
FLAGSTAFF, AZ
Specialties
Litigation, Construction, Tax
Education
University of Arizona,Texas Western College,Texas Western College
State Licensing
Arizona

H&R Block
(928) 774-4973
2700 S WOODLANDS blvdSTE 420
FLAGSTAFF, AZ

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Henry W Tom
5080 N 40TH ST STE 100
PHOENIX, AZ
Specialties
Tax, Estate Planning
State Licensing
Arizona

Kirk A McCarville
2400 E ARIZONA BILTMORE CIR STE 1430
PHOENIX, AZ
Specialties
Tax, Business, Probate
Education
Creighton University,Creighton University
State Licensing
Arizona

David L Haga Jr
(602) 530-8380
101 E GURLEY ST STE 214
PRESCOTT, AZ
Specialties
Estate Planning, Business, Tax, Probate, Corporate
Education
New York University,University of Arizona,West Virginia University
State Licensing
Arizona

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Self Employment Success

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It's the modern American dream, isn't it? You wake up at 9 a.m. You make yourself a homemade cup of joe. You stay in your pajamas. And you get paid too. But the IRS has a few caveats to making the work-at-home dream, well, work. Here are a few tax tips so you can stay ahead on your taxes:

Deducting Expenses for a Home Office

In 1999, the rules for deducting expenses associated with a home office were loosened significantly, allowing many people who were previously denied the deduction to begin claiming it. If you're self-employed and use a portion of your home regularly and exclusively for the record keeping and management functions of your business, and you have no other location where you regularly perform such functions, you may qualify for a home-office deduction.

The rules are trickier for employees who work at home. Keep in mind that the use of a home office by an employee must be required by the employer, not merely permitted by the employer.


Don't Get Comfortable in Your Office Furniture

Here's another caveat: if you want to write off your new home office desk chair, don't even think about sitting in it after business hours. You can deduct the cost of your office furniture only if it is used for business 100 percent of the time. Ordinarily you would depreciate that cost over several years, but the section 179 expense deduction allows you to deduct the entire cost in the year of purchase if you qualify.

No matter how you figure it, a home office is definitely a complex deduction - there are a lot of regulations that surround it. We recommend you seek advice from your tax professional if you're planning to take this one....


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