Self Employment Success Holland MI

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

Anita K. Nyhuis
(949) 453-2900
1730 Lakeview Dr
Zeeland, MI
Specialties
Estate Planning, Tax, Internet
State Licensing
Michigan

Michael J. Zitta
300 WASHINGTON AVE
GRAND HAVEN, MI
Specialties
Estate Planning, Trusts, Probate, Tax, Business
Education
University of Michigan Law School,University of Minnesota,University of Michigan
State Licensing
Michigan

Thomas R. Vander Hulst
GRANDVILLE STATE BANK BUILDING 3996 CHICAGO DR SW
GRANDVILLE, MI
Specialties
Estate Planning, Probate, Business, Tax, Elder Law
Education
Valparaiso University School of Law,Calvin College
State Licensing
Michigan

Marquis, John R - Warner Norcross & Judd
(616) 396-9800
85 East Eighth Street Suite 310
Holland, MI

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Boven, Thomas M - Scholten & Fant
(616) 842-3030
100 North Third Street
Grand Haven, MI

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Roger Garner Cotner
(616) 846-7153
220 Franklin
Grand Haven, MI
Specialties
Chapter 13, Chapter 7, Tax, Estate Planning, Probate
Education
University of Richmond,Wittenberg University
State Licensing
Michigan, Ohio, Virginia

Ryan C. Keenan
(616) 842-3030
100 N Third St, Po Box 454
Grand Haven, MI
Specialties
Business, Estate Planning, Tax
Education
SETON HALL UNIVERSITY SCHOOL OF LAW,WAYNE STATE UNIVERSITY LAW SCHOOL,University of Michigan
State Licensing
Michigan, New Jersey, New York

Dugan , Candace C. - Warner Norcross & J
(616) 396-9800
85 East Eighth Street Suite 310
Holland, MI

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Van Eeneaam, John P - Scholten & Fant
(616) 842-3030
100 North Third Street
Grand Haven, MI

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Steven D. Mann
(313) 496-7509
150 W Jefferson Ave Ste 2500
Detroit, MI
Specialties
Tax, Contracts, Construction
State Licensing
Michigan

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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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