Your home-office technology may need to stay home. ❋ Unknown (2009)
The deduction for home-office expenses cannot exceed gross income from the home-office activity. ❋ Barbara Weltman (2010)
In one case involving a home-office deduction, he says, an IRS agent made a home visit. ❋ Laura Saunders (2012)
Please see gallery below for entrepreneurs' tips on running a lean, mean home-office machine: ❋ Sarah E. Needleman (2011)
Isolated in my home-office, I felt like I was the only one in town working on this July afternoon. ❋ Unknown (2009)
Tax Tips Now for more specifics on the tax treatment of everything from severance pay to home-office expenses. ❋ Laura Saunders (2011)
I recently reworked my home-office and put a few books on a small shelf above my computer. ❋ Unknown (2010)
As an ambient display, The Discreet Window is a membrane that communicates the work intensity to both the home-office space and the outside. ❋ Unknown (2010)
But the unused portion of the deduction can be carried forward and used up to the amount of income from a home-office activity in a future year. ❋ Barbara Weltman (2010)
If you have a "Schedule C" business, think twice before claiming a home-office deduction. ❋ Laura Saunders (2012)
To claim a home-office deduction, you must use the space in your residence as a principal place of business, as a place to meet or deal with customers on a regular basis, or as a separate structure used for the business. ❋ Barbara Weltman (2012)
But while the home-office deduction rules are written in black and white, there are some uncertainties that could affect your home office deduction. ❋ Barbara Weltman (2012)
Harry Campbell As a result, deductions for home-office, business-card, travel or résumé-preparation expenses that otherwise would be limited are fully allowed now—as long as the costs are matched against income you'll claim on Schedule C. ❋ Laura Saunders (2011)
If you meet the qualifications for claiming a home-office deduction, there's no good reason not to take the write-off. ❋ BARBARA WELTMAN (2011)
Ms. Olson recommended that lawmakers simplify tax laws regarding home-office deductions and argued that rules about when to classify a worker as an independent contractor or an employee are "complex and ambiguous." ❋ Maya Jackson Randall (2011)
Out for the visitor to look at but not to sit on, alas are Maloof's first sofa and some early chairs—flagrantly Danish in inspiration, but lithe and lovely in walnut, maple and the occasional exotic hardwood—and the prototype home-office furniture he fashioned for industrial designer Henry Dreyfuss. ❋ Jeremy Hildreth (2012)
The home-office deduction "is so complicated that many business owners choose not to even claim the deduction," says Bill Rys , tax counsel for the National Federation of Independent Business, a lobbying group in Washington. ❋ Emily Maltby (2011)
Not only do home-office deductions raise red flags at the IRS, but they can come back to haunt taxpayers when the home is sold: Part of the gain on the home's sale may not be eligible for the $250,000 or $500,000 tax exclusion because taxpayers who took depreciation deductions in prior years have to reduce the exclusion by that amount. ❋ Laura Saunders (2012)
To learn more about the home-office deduction rules, see IRS Publication 587, Business Use of Your Home . ❋ Barbara Weltman (2012)
