Self Employment Success Ann Arbor MI

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

Alan E. Price
126 S MAIN ST
ANN ARBOR, MI
Specialties
Tax, Estate Planning, Wills, Trusts
Education
Michigan Law School,University of Michigan
State Licensing
Michigan

Timothy D. Sochocki
(734) 668-7609
101 N Main St Fl 7
Ann Arbor, MI
Specialties
Health Care, Public Finance, Tax
State Licensing
Michigan

Rebecca M. Clark
339 E LIBERTY ST STE 200
ANN ARBOR, MI
Specialties
Criminal Defense, Litigation, Estate Planning, Probate, Tax
State Licensing
Michigan

Joseph M. Fazio
(734) 668-7633
101 N Main St Fl 7
Ann Arbor, MI
Specialties
Real Estate, Commercial, Tax
State Licensing
Michigan

John J. Raymond Jr.
(561) 659-8661
350 S MAIN ST STE 300
ANN ARBOR, MI
Specialties
Business, Corporate, Tax, Estate Planning
Education
Georgetown University Law Centre,Wayne State University Law School,Georgetown University,Georgetown
State Licensing
Michigan

Joseph W Kimmell II
(248) 355-3200
350 S Main Street, Suite 300
Ann Arbor, MI
Specialties
Tax, Intellectual Property, Commercial
State Licensing
DC

Liam K. Healy
538 N DIVISION ST
ANN ARBOR, MI
Specialties
Estate Planning, Tax, Probate, Real Estate, Business
Education
Georgetown University Law Center,Detroit College of Law at Michigan State University,University of M
State Licensing
Michigan

Daniel J. Cramer
339 E LIBERTY ST STE 200
ANN ARBOR, MI
Specialties
Tax, Estate Planning, Probate, Criminal Defense, Litigation
Education
University of Miami
State Licensing
Michigan

William E. Bowser
(269) 382-8779
101 N MAIN ST ONE NORTH MAIN
ANN ARBOR, MI
Specialties
Business, Tax, Real Estate, Corporate
Education
University of Michigan Law School,Allegheny College
State Licensing
Michigan

Lynn F. Mcguire
(734) 213-3261
350 S. Main Street, Suite 300
Ann Arbor, MI
Specialties
Employee Benefits, Corporate, Business, Financial Markets And Services, Tax
Education
University of Notre Dame Law School,University of Michigan, Dearborn
State Licensing
Michigan, Ohio

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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