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General Inspection Discussion This is a place for general discussion about the home inspection industry. Try to keep the posts topical, but they need not be as specific as the other areas of this board.

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  #16  
Old 12/16/09, 6:06 PM
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Brian K. Smith Brian K. Smith is offline
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Default Re: Home or office?

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Originally Posted by ldapkus View Post
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.

they do come by! they where at my house a few weeks back....bunch of well the mb wont let me say those words here....just to show you they do look at these things. good thing my home office is just that!
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  #17  
Old 12/16/09, 6:12 PM
ldapkus ldapkus is offline
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Default Re: Home or office?

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Originally Posted by bsmith2 View Post
they do come by! they where at my house a few weeks back....bunch of well the mb wont let me say those words here....just to show you they do look at these things. good thing my home office is just that!
Yup, When I heard they can come knocking, we got all the personal belongings out of the office.
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  #18  
Old 12/16/09, 6:13 PM
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Default Re: Home or office?

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Yup, When I heard they can come knocking, we got all the personal belongings out of the office.
Exactly what dates ?and speak up please.
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  #19  
Old 12/16/09, 11:02 PM
Curtis Hildebrand Curtis Hildebrand is offline
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Default Re: Home or office?

For now I have my office at home. In the next year or so I would like to hire another inspector and rent a small office space. A huge sign on a busy street in front of an office with a pretty secretary would be good advertising.
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  #20  
Old 12/17/09, 12:40 AM
Keith Runquist, CMI Keith Runquist, CMI is offline
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Default Re: Home or office?

Outside office. Two girls answering phones. They do all the office stuff like mail, scheduling, etc. My wife and I are both inspectors along with a third guy-non family. No time for the mundane office stuff.



Keith Runquist, CMI
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  #21  
Old 12/17/09, 9:45 AM
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Michael Roberson Michael Roberson is offline
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Default Re: Home or office?

I have a Home Office as well. I use approx 11% of my house for my business, And because of that I can write off 11% of all my housing costs. My wife and I share the office, Half for her business and half for mine. Her business had the best year ever in '09.
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  #22  
Old 12/17/09, 10:56 PM
kluce kluce is offline
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Default Re: Home or office?

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Originally Posted by ejones2 View Post
Do you guys run your business out of a home office or a regular office?
Regular office
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  #23  
Old 12/18/09, 9:25 AM
Larry D. Kage Larry D. Kage is offline
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Default Re: Home or office?

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Originally Posted by mroberson View Post
I have a Home Office as well. I use approx 11% of my house for my business, And because of that I can write off 11% of all my housing costs. My wife and I share the office, Half for her business and half for mine. Her business had the best year ever in '09.
Regardless of the home sale deduction available, will you pay taxes on the 11% of the sale income when you sell your home?

Just a thought...



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