Today TaxMama hears from Jon in Colorado, who’s been listening to friends. “My wife and I have a small business that we operate from our house in the country. We moved here eight years ago because it had a large detached four-car garage (1,100 SF), which we use as our studio. We also use two […]
Category Archives: Office in Home
Home Office related
Today TaxMama hears from Mack in the Tax Parlor, who wants to know. “Give me your spill on making money from home as a notary public? I’ve been a notary for over a year now, but haven’t really done anything with it. Could you give me some pointers?” Hi Mack, I don’t know where you […]
Today TaxMama hears from Writer Mom at SavvyMommy.com, who says “Last year I published two articles for a magazine and have been trying to build a career as a freelance writer. My earnings totaled $970 from freelance writing last year. Should I file? Do I write off the home office already set up because my […]
Today TaxMama hears from Maggie in North Carolina who says, “I am new to this site courtesy of Wayne Davies. https://hop.clickbank.net/?taxmama/taxguide I have a small pottery business of over 30 yrs. Last year we took up our first ever mortgage to buy property for a gallery. Our home…where we work, was mortgaged to pay for […]
Today TaxMama hears from Brian in Georgia wants to know. “I work out of my home office in Georgia for a company headquartered in Virginia. Can I write off my home office as a home office work place and deduct part of my home etc.? Or would that only count if I had my own […]
Today TaxMama hears from Dianne in the Tax Parlor, who has a long, complicated question about the new Telephone Excise Tax Refund. Her question is probably a lot like yours. So, we’ll summarize it here – and you can read the details in the Tax Parlor, OK? ” Over the years, we a variety of […]
Today TaxMama hears from Mike in the Tax Parlor who tells us “My wife and I formed an LLC and began doing business last January. We are a home-based craft business and have done all our business under my SSN not a Tax ID #. Can we file our expenses/income for the business under our […]
Today TaxMama hears from Ronald in Tucson, AZ who asks: “Is it legal to sell my residence to my C corp and be exempt from capital gains tax?” OK, my friends, this is one of those questions we tax professionals look at, and cringe! Let me try to answer this one, briefly. OK? Well Ronald, […]
Today TaxMama hears from Phyllis in Iowa, who tells us: “I started a small business out of my home in October of 2005. In February of 2006 I made the business into an Limited Liability Company (LLC) with a partner. Do I need to file separate income taxes on myself and the business? If so […]
Today TaxMama hears from Betsy in San Francisco, who wants an in-depth tax planning for free! “I’m planning to start an Internet business. I live in CA and will be working from my home. I want to create a NV LLC for the asset protection reasons you mentioned in Nevada LLC show. And, if the […]
Today TaxMama hears from Sherrie in Salina, KS, who tells us, “I am an independent marketing executive working out of my home.buy flexeril online www.pharmalucence.com/wp-content/languages/new/generic/flexeril.html no prescription The company I work for requires a monthly purchase in order to earn commission checks. Can I claim the cost of that monthly purchase as a business expense […]
Today TaxMama hears from Deb in NY whose husband is up to no good. “My husband insists that he can deduct the cost of his laptop and WiFi service as a part of ‘meals & entertainment’. Please tell me if this is true. I have no desire to get one of those ‘we’ve adjusted your […]