Our financial adviser has indicated that home-office deductions are often flags for audits because there have been so many suspect claims. It depends a lot on what kind of business you have, whether you're meeting customers at your home-office, and a bunch of other stuff. The IRS has a page home-office deductions: http://www.irs.gov/newsroom/article/0,,id=108138,00.html. After reviewing the IRS material and talking with our adviser, we decided not to take the deduction. The real estate folks on this list can comment about house valuations. kh --- Karl A. Hakkarainen 508 829 5825 Queen Lake Consulting www.queenlake.com Twitter:RoasterBoy <https://twitter.com/#%21/RoasterBoy> On Mon, Apr 30, 2012 at 12:03 PM, tom's gmail <tomadams at gmail.com> wrote: > ** Be sure to fill out the survey/skills inventory in the member's area. > ** If you did, we all thank you. > > > Hi fellow work-at-homeers, > > Is there a down-side to claiming a home office space as a tax deduction? > > Specifically wondering how it affects the value of our home over time? > > our accountant has suggested that it's not always a good idea... but we > can't figure out her reasoning & she'll charge us more for giving us a > clearer answer... > > any info would be greatly appreciated. > > Regards, > > Tom Adams > 413.575.9707 • Williamsburg, MA > (from my virtual office/iPhone) > > Director/Owner: > www.ReelifeProductions.com & > http://Folktography.zenfolio.com > http://me.com/ReelifeProductions > > _______________________________________________ > Hidden-discuss mailing list - home page: http://www.hidden-tech.net > Hidden-discuss at lists.hidden-tech.net > > You are receiving this because you are on the Hidden-Tech Discussion list. > If you would like to change your list preferences, Go to the Members > page on the Hidden Tech Web site. > http://www.hidden-tech.net/members -------------- next part -------------- An HTML attachment was scrubbed... URL: http://lists.hidden-tech.net/pipermail/hidden-discuss/attachments/20120430/f55486de/attachment.html