Did you know that the IRS says you can deduct the use of a home office as long as it is used exclusively and on a regular basis?
It doesn’t mean if you use a corner of the den, or a nook in the kitchen that you can deduct the space used there. It needs to be continue reading »
A couple of weeks ago prior to my departing on a pleasure / business trip to Mexico I asked the question – will any of it be tax deductible?
I noted in the last few posts how to qualify for the deduction, and I did in these categories:
However, because I was exploring new business opportunities I had not scheduled any specific continue reading »
In keeping with our tax tips for business travel, can you deduct the cost of cleaning your dirty laundry?
What is considered a full days travel if going by car?
Have you ever thought of hiring your spouse? If there’s a legitimate business reason to do so, you may be able to deduct travel expenses for the both of you. If that’s not a possibility, there is nothing to stop you from bringing them on a business trip with you, but their expenses will not be deductible.
In order for them to qualify for the deductions ask yourself these questions:
