Business Start-ups

Can I claim a home office expense?

Asked Monday, November 28, 2011 by an anonymous user

CPA Answer:

To deduct home office expenses you must prove that you use the home area "exclusively" and on a "regular" basis as a place of business to meet or deal with clients, patients or customers in the normal course of your business or if you spend most of your working time there and most of your business income is attributable to your activities there. Also it must be a seperate structure with no personal use. Exclusive use means soley for business so spare bedrooms or use of a den have been challenged by the IRS.
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Home Office Expenses

Can I claim a home office expense?

Asked Monday, November 28, 2011 by an anonymous user

CPA Answer:

To deduct home office expenses you must prove that you use the home area "exclusively" and on a "regular" basis as a place of business to meet or deal with clients, patients or customers in the normal course of your business or if you spend most of your working time there and most of your business income is attributable to your activities there. Also it must be a separate structure with no personal use. Exclusive use means solely for business so spare bedrooms or use of a den have been challenged by the IRS.
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Travel & Entertainment

What expenses are deductable when I am away from home overnight?

Asked Monday, November 28, 2011 by an anonymous user

CPA Answer:

If you travel on business away from your home you can deduct the transportation and personal costs such as food lodging and incidentals. You must be away from home for more than a day.
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Travel & Entertainment

What is the IRS publication that explains Travel & Entertainment expenses?

Asked Monday, November 28, 2011 by an anonymous user

CPA Answer:

The IRS publication that explains travel and entertainment expenses is Pub 463.
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Travel & Entertainment

Is the costs of me driving to work deductible?

Asked Monday, November 28, 2011 by an anonymous user

CPA Answer:

No. In general, costs of commuting between your home and workplace are not deductible. Costs for gas for
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Taxes - My Tax Return

Is the costs of me driving to work deductible?

Asked Monday, November 28, 2011 by an anonymous user

CPA Answer:

No. In general, costs of commuting between your home and workplace are not deductible. Costs for gas for
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Auto & Truck Expenses

Is the costs of me driving to work deductible?

Asked Monday, November 28, 2011 by an anonymous user

CPA Answer:

No. In general, costs of commuting between your home and workplace are not deductible. Costs for gas for your car, train, bus, tolls and parking fees are not deductible.
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Mileage Rate Deductions

What is the IRS publication that explains auto expenses?

Asked Monday, November 28, 2011 by an anonymous user

CPA Answer:

IRS publication 4636 deals with Travel, Entertainment and Car Expenses.
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Auto & Truck Expenses

Publication - auto expenses

Asked Monday, November 28, 2011 by an anonymous user

CPA Answer:

IRS publication 463 deals with Travel, Entertainment and Car Expenses.
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Sole Proprietorship - Schedule C

Web site available to help small businesses

Asked Friday, November 18, 2011 by an anonymous user

CPA Answer:

Yes. The IRS has developed a web site to help small business and self-employed persons at www.irs.gov/businesses/small/index.html.
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