Thread: IRS help
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Old Wed Feb 14, 2007, 01:55am
BoomerSooner BoomerSooner is offline
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Quote:
Originally Posted by jcarter
You can write off an area of your house if you have a home office for officiating. Along with that you can also write off part of your utilities also.
While you are technically correct that you can deduct the expenses of maintaining a home office, this space must be used soley for the purposes of being an office. Furthermore, just as a warning, claiming a home office is one of the major red flags that increase your chances of an audit. I'm not saying don't claim a home office out of fear, but you'd better be pretty sure you did everything by the book if you do claim a home office. For me if I were going to claim a home office, which I could for another business venture I'm involved in, I wouldn't do my taxes myself. For what I'd save by claiming a home office versus what I'd spend on an accountant, I just do my own taxes and skip the home office.
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