Thursday, March 22, 2012

Tax Tip - Home Office

You would think that the tax code is black and white, but it is very much gray. Just because a deduction may seem black and white, sometimes steer clear. Home office is one of those items. There are so many rules to take a home office and for some reason IRS agents have a knack for picking on this item.  At the end of the day the deduction is not that large anyway.  In fact there is a box to mark if you took home office.  Nothing like telling on yourself and asking for trouble.

If you feel you are due the deduction take it - or just augment other deductible items that are less susceptible to evidential scrutiny.  Need some ideas, call or text me 904-219-7777 or send me an email c@clarkschaffer.com