Irs Home Business Deductions
February 16th, 2010
Question: Would this be an excellent version of “Hell” to send politicians to?
Day in, day out, for eternity, they need to file taxes for me:
Married filing jointly, 2 kids
One of us owns a small business
Income in 2 states (one being New York)
Home office deductions
Meals and travel expenses related to small business
Capital gains realized from stock sales
401k distribution from an old employer who corrected some mathThey need to do all of this without the benefit of a tax professional or software to help. Just the IRS and it’s lovely forms and publications.
After spending a weekend doing our taxes – WITH help – I am certain this would be a special version of Hell which would make politicians wonder why they have created this crazy complicated monster.
It was both created and has evolved.Every little stupid step and extra hoop is someone’s election promise brought to life.
Answer: Love it!
You forgot to depreciate your vehicles and other equipment.
Related Irs Home Business Deductions Products:
TaxPlus - Tax Tips "Business Use of Vehicle"
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