Self Employment Success Kalamazoo MI

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

Daniel L. Dement
211 E WATER ST STE 401
KALAMAZOO, MI
Specialties
Estate Planning, Tax, Wills
Education
University of Michigan,University of Michigan
State Licensing
Michigan

Richard D. Reed
136 E MICHIGAN AVE STE 800
KALAMAZOO, MI
Specialties
State, Local And Municipal Law, Tax
Education
Western Michigan University,Detroit College of Law
State Licensing
Michigan

Aimee Jean Jachym
(269) 383-5841
277 S Rose St Ste 5000
Kalamazoo, MI
Specialties
Tax, Litigation, Commercial
State Licensing
Michigan

Leo P. Goddeyne
(269) 383-5834
277 S Rose St Ste 5000
Kalamazoo, MI
Specialties
Real Estate, Tax, Corporate
State Licensing
Michigan

Aimee Jean Jachym
(269) 383-5841
277 S Rose St Ste 5000
Kalamazoo, MI
Specialties
Tax, Litigation, Commercial
State Licensing
Michigan

Robert M. Taylor
151 S ROSE ST STE 900
KALAMAZOO, MI
Specialties
Probate, Real Estate, Tax, Estate Planning, Business
Education
Wayne State University Law School,Western Michigan University,Detroit College of Law
State Licensing
Michigan

George H. Lennon
151 S ROSE ST STE 900
KALAMAZOO, MI
Specialties
Tax, Corporate, Real Estate, Business, Probate
Education
University of Michigan,University of Michigan,University of Michigan
State Licensing
Michigan

Michael J. Willis
(269) 492-1040
628 S PARK ST
KALAMAZOO, MI
Specialties
Estate Planning, Trusts, Corporate, Tax, Probate, Wills
Education
University of Michigan Law School,University of Notre Dame
State Licensing
Florida, Michigan

William B. Millard
211 E WATER ST
KALAMAZOO, MI
Specialties
Estate Planning, Probate, Tax, Trusts
Education
John Marshall Law School, Chicago,Albion College,Albion College
State Licensing
Michigan

Campbell, John A. - Miller, Canfield, Paddock and Stone, P.L.C.
(269) 381-7030
444 West Michigan Avenue
Kalamazoo, MI

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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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