Home or office?

[ejones2]

Do you guys run your business out of a home office or a regular office?

[Rob Jones]

Home office.

[James A. Levy]

Home

[ldapkus]

Home based office. I pay the wife for rent.

[Nick Gromicko]

Linas writes:

Home based office. I pay the wife for rent.

Perhaps you were cracking a joke. I recommend that you actually do just that, for 2 reasons: Taxes, and asset protection reasons.

[Mark E. Northrup]

Home office.

[Peter C. Russell]

Outside offce combined with my constructin company

[ldapkus]

Originally Posted by gromicko

Linas writes:

Perhaps you were cracking a joke. I recommend that you actually do just that, for 2 reasons: Taxes, and asset protection reasons.

No joke. I write myself a check for salary earned and one to my wife for rent. Have done it since I started business.

[Vince Santos]

Originally Posted by ldapkus

No joke. I write myself a check for salary earned and one to my wife for rent. Have done it since I started business.

Good idea. I cut my wife a check for various expenses as well.

[Bob Elliott]

Originally Posted by ldapkus

No joke. I write myself a check for salary earned and one to my wife for rent. Have done it since I started business.

I thought they cracked down on that home office stuff in the eighties?

One thing I recall is you must prove it is not used for anything else , plus the government has a right to drop by your office anytime they feel like it.

[ldapkus]

Originally Posted by belliott

I thought they cracked down on that home office stuff in the eighties?

One thing I recall is you must prove it is not used for anything else , plus the government has a right to drop by your office anytime they feel like it.

My neighbor has a friend that owns a large construction company that is run from a home office. They got a visit from the IRS which found personal stuff in the home office and they had to pay thousands in penalties. I have absolutely no personal belongings in my office and have a CPA do my taxes quarterly. She hasn't seen any issues with my arrangement.

[Robert W. Jude]

in fact put the whole business in her name and you can get government contracts based on minorities. it helps if she's a handicapped immigrant also.

[Billy Boerner]

So what happens if your home office is your car?

[ldapkus]

Originally Posted by bboerner

So what happens if your home office is your car?

You're poor and homeless???

[Bob Elliott]

So if they find a picture of your wife on the desk ,does that count as personal or not since she is your boss ?