Will taking a home office deduction get me audited?

This is a question I get asked at least once a week and the answer is a resounding NO. Taking a home office deduction to which you are entitled will not result in you getting flagged for audit. Back in 2000, the IRS did in fact use to do in person home office checks....

Direct from the desk of the IRS

Well we are about to embark on the 2021 income tax filing season. The IRS, as of late December, the IRS had backlogs of 6 million unprocessed original individual returns (Forms 1040), 2.3 million unprocessed amended individual returns (Forms 1040-X), and about 5...

The IRS is gathering data this year – do they want to be GOOGLE?

Have you seen the 2021 Personal income tax return format? I have. The IRS is gathering data. I think they now realize the power of information. The very first page of the Form 1040 which is your personal income tax return, has a question on it, right under your...

Welcome to a brand new year – no excuses!

Happy new year taxpayers and friends!  Let 2022 be the year of no excuses. Let's not blame COVID, the supply chain or the great resignation for what goes wrong. Rather, let's take control, be pro-active and lead towards our goals with conviction. Who is with me? I...

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FREE GUIDE: Business Use of Home

Some expenses are deductible whether or not you use your home for business. Others are deductible only if the home is used for business. Download your FREE guide to find out!

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