Self Employment Success Sedona AZ

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

H&R Block
(928) 282-4970
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Kent S Phelps
1423 S HIGLEY RD BLDG
MESA, AZ
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Estate Planning, Tax, Probate, Corporate
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McGeorge School of Law, University of the Pacific,Arizona State University
State Licensing
Arizona

Stanley Frank Bronstein
(480) 797-5547
9220 E Raintree Drive #105
Scottsdale, AZ
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South Texas College of Law
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Texas

Bryant D Barber
40 N CENTRAL AVE
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Real Estate, Financial Markets And Services, Public Finance, Tax
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Stanford Law School,University of Arizona
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Arizona

Luis A Ochoa
(520) 770-8702
1 S CHURCH AVE NORWEST TOWER
TUCSON, AZ
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Native Peoples Law, Real Estate, Tax, Chapter 11, Debt Collection
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University of Arizona,University of Arizona
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Ilene L McCauley
(480) 296-2036
9777 N 91st Street Suite C-103
Scottsdale, AZ
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Tax, Estate Planning, Business
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DePaul University College of Law,Hofstra University School of Law
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Arizona, Wisconsin

Bahar A Schippel
(602) 382-6257
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Business, Real Estate, Tax
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ASU
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Arizona

Peter C Guild
1850 N CENTRAL AVE STE 2400
PHOENIX, AZ
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Northern Arizona University,University of Arizona,University of Florida
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Arizona

Stephen D Smith
(317) 636-4341
3626 E Camelback Rd
Phoenix, AZ
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Employee Benefits, Tax, Banking
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ASU
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Arizona

David Thomas Eastman
(888) 222-1328
20325 N 51st Ave Suite 134
Glendale, AZ
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Guardianship, Business, Elder Law, Estate Planning, LLC, Prenuptials, Partnership, Wills, Trusts, Probate, Power Of Attorney, Tax
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ASU,Brigham Young University
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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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