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
164 COFFEE POT drSTE 164-A
SEDONA, AZ

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Arthur D Ehrenreich
(602) 916-5483
3003 N CENTRAL AVE STE 2600
PHOENIX, AZ
Specialties
Tax, Litigation, Business, Financial Markets And Services, Corporate
Education
State University of New York, Buffalo
State Licensing
Arizona, New York

Dean C Short II
(602) 530-8308
101 E GURLEY ST STE 214
PRESCOTT, AZ
Specialties
Corporate, Mergers & Acquisitions, Tax
Education
Harvard University,University of Arizona
State Licensing
Arizona

Prescott B Pohl
(602) 382-6515
400 E Van Buren
Phoenix, AZ
Specialties
Estate Planning, Tax, Employee Benefits
Education
U OF OR
State Licensing
Arizona

Glenn D. Forcucci
(602) 262-5308
40 N CENTRAL AVE
PHOENIX, AZ
Specialties
Corporate, Securities Offerings, Mergers & Acquisitions, Tax, Trusts
Education
Pepperdine University School of Law,Suffolk University,Suffolk University
State Licensing
Arizona

Kurt Kroese
(520) 623-4353
33 N STONE AVE BANK OF AMERICA BLDG
TUCSON, AZ
Specialties
Defective & Dangerous Products, Business, Tax, Ethics
Education
University of Arizona College of Law,Southern Methodist University
State Licensing
Arizona

James R Nearhood
(480) 998-3525
7537 E MCDONALD DR
SCOTTSDALE, AZ
Specialties
Real Estate, Tax, Business, Litigation, Estate Planning
Education
University of Nebraska College of Law,University of Nebraska, Lincoln
State Licensing
Arizona

Marc L. Schultz
(602) 382-6358
One Arizona Center
Phoenix, AZ
Specialties
Public Finance, Tax, Real Estate
State Licensing
Illinois

Steven M. Brechner
4545 E SHEA BLVD STE 120
PHOENIX, AZ
Specialties
Bankruptcy, Debt Collection, Commercial, Tax
Education
New York Law School
State Licensing
Arizona

James M Susa
4713 E CAMP LOWELL DR
TUCSON, AZ
Specialties
Tax
Education
University of Arizona,University of Arizona,University of Florida
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....


Click here to read the rest of the article at YoungMoney.com.