[Hidden-tech] home office deduction question

Karl Hakkarainen kh at queenlake.com
Mon Apr 30 20:16:11 EDT 2012


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
>
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