Pro Office Supply

wvera15 asked:


I’m planning to start a mobile tax service office. I’m from CA. I have the CTEC license, PTIN number,insurance and I will get my EFIN for the e-file. The IRS website is not that clear in this issue. This small business will be owne by one person and won’t have any employee. Do I need the EIN?

WholeSaleRunway.com asked:


Hi I live in a 4 bedroom house.
1 of the bedrooms I turned into a full blown office, and it’s use for nothing else but that, because I work from home as a freelanced designer.
I rent this home for $2,600 a month.
What portion of this rent that I pay can be deducted as a business expense of a home office?

pachelbel9 asked:


I work for a small business. I do all of my work (except client site visits) from my home office. However, since I also use my home office for personal use during non-working hours, I assume I cannot take the home office deduction (correct)?

Here is my question regarding mileage - I’m testing this using both TaxCut and TurboTax. In both cases, when I enter my mileage, it does not seem to reduce my tax owed. When I tell the program I want to use the home office deduction, then my mileage makes a difference. If I tell it not to do the home office deduction, then my entering mileage makes no difference. So, can I only deduct my mileage if I take the home office deduction? I haven’t read anything to indicate this, but the actions of the tax software programs leads me to believe that this is the case.

I don’t know if this matters, but I itemize my deductions (mostly due to mortgage interest & real estate taxes paid). I do not take the standard deduction.
Edit - I am a W2 employee. This is less than 2% of our joint AGI, so I guess that’s why it isn’t letting me take it. Thanks for the replies!

Eywrshp asked:


The post office web site says ” retail and electronic delivery confirmation are both entitiled to the same infomation”.
But some post offices refuse to give you an acceptance scan or a receipt for labels printed online even when you’ve included insurance in your mailing label.
How can you collect on a claim for lost mail if the post office will not give you a receipt?
You have no proof that you ever took the mail to the post office.
When you took it or what post office you took it to.
Is it right for the post office to refuse to give you receipt because you printed your postage online?

EducateYourselfBeforePosting asked:


I have been assigned responsibility to oversee development, implementation, and management of our company in another country. I will be accommodating their work hours, which is 5pm to 1am where I reside, and leaves no reason to come to the office. My company will be supplying everything I need to do my work, however it will be conducted out of a designated room in my home. Can I claim this as a deduction when it comes to taxes?

Woop asked:


Job 1: Independent Contractor (has writeoffs for gas, office supplies, etc.)

Job 2: Employee (has writeoffs for gas, office supplies, etc.)

Job 3: Employee

Also, I have $1500 in interest for student loans.

How do I separate all of these for my tax filing?
I work from home as an employee. That’s why I have office supplies on there.

Also, once I’ve filled out the Schedule A and Schedule C, where do I total everything up?

abby asked:


Example - if I deduct office supplies for my business, do i deduct the cost of the supply including the sales tax on it too?

onebrightblue asked:


I operate a sole proprietorship. Can I deduct the interest I pay on my business credit card? Where would that amount go on Schedule C? This is for an office supply company credit card.

Small Business asked:


If I’m starting a small business that has yet to produce any revenue, what form do I file to deduct from my current taxes owed from my salaried position? Specifically, I am currently an employee with a fixed salary who has made software and office supply purchases in order to get a web-based small business up and running. I have yet to launch, but would like to deduct my costs of starting the business from my current taxes owed.

chumsai asked:


Hi, We have a home office and we have some office expenses that we weren’t able to declare in our previous income tax. Can we declare it this year?