Re: Home Office Furniture
Date: November 29, 2008 11:23AM
dono Wrote:
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> Space Ghost Wrote:
> --------------------------------------------------
> -----
> > Frugle Feng Shui Wrote:
> > > I hope you have a business license and are
> > paying
> > > taxes on this venture.
> >
> > Nah, people who have home businesses use them
> to
> > right off everything on taxes. Buy a car you
> > sometimes use for work? Deduction. New
> computer?
> > You use it for work too, so that's a deduction.
> > Home theater? Invite someone over once a year
> to
> > do a sales presentation. That's a deduction.
> > Playing grabass or fighting in the building?
> > That's a night in the box.
>
> You are gonna love all the taxes too. Gross
> revenue, equipment tax (yes they tax your
> computer, phone, printer, chair, desk etc...)
They do. That's why you keep your head down low and don't let the local city or county know you are running a business out of your home.
If it is any consolation, the local jurisdiction can only hit you for three years' worth of taxes, should you go without paying. You should get a good tax attorney who can show you how to reduce what you might owe.