Re:How to Survive as a Solo Dev for Like a Decade or So
by BatFastard on Thursday May 04, 2017 @05:45PM
(#14269149)
But most accountants suggest you don't take that deduction since they tend to be audited at a much higher rate.
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Re:How to Survive as a Solo Dev for Like a Decade or So
by Tushon on Thursday May 04, 2017 @06:49PM
(#14269568)
I'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.
Re:How to Survive as a Solo Dev for Like a Decade or So
by fnayr on Thursday May 04, 2017 @08:19PM
(#14270122)
Well 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.
Re:How to Survive as a Solo Dev for Like a Decade or So
by dfcab on Thursday May 04, 2017 @10:06PM
(#14270601)
Agree, was told same. The requirements are strict and just not worth the hassle. Hope laws can be updated as working from home is more commonplace nowadays.
Re:How to Survive as a Solo Dev for Like a Decade or So
by pault on Friday May 05, 2017 @08:24AM
(#14272852)
That's funny because turbotax always suggests this.
Re:How to Survive as a Solo Dev for Like a Decade or So
by charlesdm on Thursday May 04, 2017 @07:39PM
(#14269868)
If you're scared about an audit, you shouldn't be in business.
Re:How to Survive as a Solo Dev for Like a Decade or So
by blackguardx on Friday May 05, 2017 @12:39AM
(#14271140)
I 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.
Re:How to Survive as a Solo Dev for Like a Decade or So
by jsmthrowaway on Friday May 05, 2017 @12:12AM
(#14271061)
Fear isn't the only reason to avoid one. They're also quite inconvenient.