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But most accountants suggest you don't take that deduction since they tend to be audited at a much higher rate.
by BatFastard 9y ago
But most accountants suggest you don't take that deduction since they tend to be audited at a much higher rate.
- Tushon 9y agoI'm gonna call a hard citation please on "most accountants don't recommend" you taking a deduction that could get you a boatload of reduced tax liability.
- fnayr 9y agoWell I definitely got that recommendation too. His exact advice was that I shouldn't take it unless the office was it's own sealed off room that was NEVER used for ANY other purpose. He certainly scared me out of taking the deduction.
- charlesdm 9y agoIf you're scared about an audit, you shouldn't be in business.
- jsmthrowaway 9y agoFear isn't the only reason to avoid one. They're also quite inconvenient.
- blackguardx 9y agoI think many people use their home offices for other stuff than just work. Maybe it's a spare bedroom for guests or maybe they sometimes place computer games in it. If you get audited, you will have to explain all this. It won't be fun and if the audit doesn't go your way, you are looking at legal trouble.
- icedchai 9y agoI've been taking it for 15 years. I've never had a problem.