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Also, since you use the internet for communication purposes and for "educational" materials such as this board, you can deduct the cost of your monthly ISP bill as a business expense. In that sense, your computer can also be deducted as a business expense, but only once. I deduct all my utility bills for the same reason that zeb already mentioned, since I run my business out of my house. I also deduct the "dedicated line" that I have for the computer as a business expense. There are many tricks that a really good tax preparer can teach you. Last year, my business was in the hole by the time the tax guy was finished with it, meaning his $75.00 fee was the only thing deducted from my earnings. That was worth it to me!
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