J.K. Lasser Daily Tax Tip |
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Self-Employed Person's Office at Home
If you are self-employed and your regular office is outside your home, you may not deduct the cost of commuting to the office or from that office to your home even if you work at home at a second job. However, in several cases, the Tax Court allowed self-employed persons whose home office was their principal place of business (40.12) to deduct travel costs beginning with the first business call of the day. The IRS now agrees with this approach.
Previous Daily Tax Tips:
• 9/5/2010 - Failure To Make an Insurance Claim
• 9/4/2010 - Keep Records of Deductible Losses
• 9/3/2010 - Business or Income-Producing Property
• 9/2/2010 - Incidental Expenses
• 9/1/2010 - Appraisals for Disaster Relief
• 8/31/2010 - Reporting on Form 4684
• 8/30/2010 - $500 Floor for Married Couples
• 8/29/2010 - Stock Devaluation Due to Corporate Misconduct
• 8/28/2010 - If Stolen Property Is Recovered
• 8/27/2010 - Failure To Winterize Car
• 8/26/2010 - Auto Damage
• 8/25/2010 - Lost Bank Deposit
• 8/24/2010 - Damage to Nearby Property
• 8/23/2010 - Nontaxable Disaster Mitigation Payments
• 8/22/2010 - IRS Interest Abatement
• 8/21/2010 - Accelerating a Tax Refund With Disaster Loss
• 8/20/2010 - Deducting Loss in Proper Year
• 8/19/2010 - Loss From Termites
• 8/18/2010 - Loss Prevention Measures
• 8/17/2010 - Form 8853
• 8/16/2010 - Long-Term Care Insurance
• 8/15/2010 - Disability-Related Job Costs
• 8/14/2010 - Does Equipment Increase Value of Home?
• 8/13/2010 - Nurse Services
• 8/12/2010 - Meal Costs at a Nursing Home
• 8/11/2010 - Counseling at a Private School
• 8/10/2010 - Meal Costs of Medical Trip
• 8/9/2010 - Deductible Travel Costs
• 8/8/2010 - Multiple Support Agreement
• 8/7/2010 - Should Spouses File Separately?
• 8/6/2010 - Long-Term Care Premiums
• 8/5/2010 - Reimbursements Exceeding Expenses
• 8/4/2010 - Sex Change Operation Not Deductible
• 8/3/2010 - Childbirth Classes
• 8/2/2010 - Deducting Costs of Health Improvement Programs
• 8/1/2010 - Weight-Loss Program for Obesity
• 7/31/2010 - Over-the-Counter Drugs
• 7/30/2010 - Only Unreimbursed Expenses Are Deductible
• 7/29/2010 - Value Portion of Auto License Fee
• 7/28/2010 - Buyer Share of Real Estate Tax
• 7/27/2010 - Form 1099-S for Sale of Principal Residence
• 7/26/2010 - Cooperative Apartments
• 7/25/2010 - Refund Credited to State Estimated Tax
• 7/24/2010 - Deduction for Sales/Excise Taxes on New Motor Vehicle
• 7/23/2010 - State Income Tax Paid in 2009
• 7/22/2010 - Business or Investment Loans
• 7/21/2010 - Using Borrowed Funds To Pay Interest
• 7/20/2010 - Keep Loans Separate
• 7/19/2010 - Tax-Exempt Income From Mutual Fund
• 7/18/2010 - Electing To Treat Long-Term Gains or Dividends as Investment Income
The Daily Tax Tip content is provided by America's all-time best selling tax guide, J.K. Lasser's™ Your Income Tax Guide by John Wiley & Sons, Inc. Tax advice provided by The Daily Tax Tip shall not be construed as a substitute for the advice obtained or given by a certified tax professional.
