Home Office – Security Systems

Home Office – Security Systems
 

Home Office – Security Systems Expand Your Write-Off For A Home Security System If you manage a business out of your home, you may be overlooking an extra tax break. Say you decide to put in a security system that covers both your office and the rest of your house. You can then deduct the [&he...

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Home Office – Sale Of Residence

Home Office – Sale Of Residence
 

Home Office – Sale Of Residence Q. We bought our house for $378,000 five years ago. I installed an office in the basement for my business at a cost of about $25,000. I claimed home office deductions the last four years. Now we’re selling the house for $391,000. Since I’m selling at a $12,0...

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Escape The Home Office Trap By Electing Sub S Status

Escape The Home Office Trap By Electing Sub S Status
 

Escape The Home Office Trap By Electing Sub S Status If you’re self-employed and work from your home, there’s a simple way to sidestep a potential tax trap involved in future home sales. All you have to do is adopt the S corporation form of doing business. When you operate your business as an S ...

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Deducting Your Computer

Deducting Your Computer
 

Deducting Your Computer Computers are considered “listed property,” or assets used for both business and personal applications. Under the rules, if you use a computer more than 50% for business, you’re allowed to expense that percentage under Section 179 immediately or depreciate it us...

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Sale Of Residence – Tax Implications

Sale Of Residence – Tax Implications
 

Sale Of Residence – Tax Implications If a person owned and used a home as a principal residence for 2 of the 5 years preceding the sale, up to $250,000 of gain may be excluded ($500,000 on a joint return). This tax break may be used only once every 2 years. A taxpayer who fails […]...

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Home Office Deductions

Home Office Deductions
 

Home Office Deductions Taxpayers who have “paperwork only” home offices, but do their income-producing work elsewhere, can claim home office deductions starting in 1999. A taxpayer can claim the deduction if the home office is used for administrative or management work and there is no ot...

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Contact Info:

Ronald Semaria
Semaria Consulting
1408 East 66th St
Brooklyn, NY 11234
Email: info@semaria.com

Phone Numbers:

Phone: 718-531-1105
Toll-Free: 866-531-1105
Toll-Free: 888-IRSAUDIT
Toll-Free: 888-RONTAXES
Fax: 718-444-7152

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