Online Business Help

  Homes arrow Online Business Help arrow Page 13 - Deducting the Home Office
 Webmaster Tools
Base64 Encoding 
Browser Settings 
CSS Coder 
CSS Navigation Menu 
Datetime Converter 
DHTML Tooltip 
Dig Utility 
DNS Utility 
Dropdown Menu 
Fetch Content 
Fetch Header 
Floating Layer 
htaccess Generator 
HTML Encoder 
HTML Entities 
IP Convert 
Meta Tags 
Password Encryption
Password Strength
Pattern Extractor 
Ping Utility 
Pop-Up Window 
Regex Extractor 
Regex Match 
Scrollbar Color 
Source Viewer 
Syntax Highlighting 
URL Encoding 
Web Safe Colors 
Forums Sitemap 
Weekly Newsletter
Developer Updates  
Free Website Content 
 RSS  Articles
 RSS  Forums
 RSS  All Feeds
Write For Us 
Contact Us 
Site Map 
Privacy Policy 
  >>> SIGN UP!  
  Lost Password? 

Deducting the Home Office
By: Marvin Mitchell
  • Search For More Articles!
  • Disclaimer
  • Author Terms
  • Rating:  stars stars stars stars stars / 0

    Table of Contents:
  • Deducting the Home Office
  • Home Business Related...
  • Deducting all or...
  • Such advice is...
  • It's worth your...
  • The IRS Return...
  • In another, abusive...
  • Review your return...
  • What should a...
  • Also, for the...
  • Such necessary expenses...
  • Individuals who do...
  • Joan started an...
  • Plus, and this...
  • Record Keeping...
  • The law does...
  • In addition to...

  • Rate this Article: Poor Best 
      Del.ici.ous Digg
      Blink Simpy
      Google Spurl
      Y! MyWeb Furl
    Email Me Similar Content When Posted
    Add Developer Shed Article Feed To Your Site
    Email Article To Friend
    Print Version Of Article
    PDF Version Of Article




    Deducting the Home Office - Joan started an...

    (Page 13 of 17 )


    Joan started an e-Commerce business and grossed $60,000 this
    year. With a portion of her income, Joan made the following
    purchases. She spent $20,000 on current expenses, which
    included: print advertising (such as business cards, letterheads,
    invoices and yellow page advertising in phone directories);
    computer equipment; furniture and office supplies (paper, printer
    ink, staples, paper clips and such). Joan only has to pay taxes on
    the remaining $40,000 her new business generated. The $20,000
    in deductible expenses she spent on business related items are
    needed to help her home based business survive and possibly
    even flourish. Had she earned $60,000 from an employer, Joan
    would have to pay taxes on a higher percentage of her earned
    income, and quite possibly, the entire $60,000.

    You cannot deduct expenses related to your hobbies. In other words, for the
    activity’s expenses to be allowable deductibles, the activity must be profitable
    within a few years of starting up.

    Hobby activities have to be directly related to eventual sales, such as hot rod
    cars or horses; but even then, the items you are trying to deduct must cost over
    $500 each and must be perceived to be useful for more than one year into the

    More Online Business Help Articles
    More By Jase Dow



    - Social Media: An Analogy
    - Make a Digital Trail for Site Performance
    - Communication is Key Even in SEO
    - Look Past Your Web Analytics Blinders
    - Everything is Marketing
    - How to Be Transparent Online
    - Respecting Customer Privacy in Social Media
    - Testing Your Site For the Holidays
    - Speak Your Customer`s Language
    - Don`t Ignore Social Media
    - Focus on Business Goals, Not the Internet
    - Solve Problems to Make Money Online
    - Offering Coupons Without Alienating Customers
    - Build Relationships to Build Conversions
    - Online Reviews Matter More Than You Think

    Developer Shed Affiliates


    © 2003-2019 by Developer Shed. All rights reserved. DS Cluster - Follow our Sitemap