Home office – The Burns Firm – Advisors of Complex Financial Matters

Is your Home Office a Tax Haven? Here are the Rules for Deductions

September 26th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Home Office Deduction, Tax, tax accountant, Tax Advisor, Tax Deductions, tax write-offs, Texas CPA, The Burns Firm|Tags: cpa near me, Dallas CPA, Home office, home office deductions, Home Office Expenses, tax, tax advisor, Tax Rules and Working From Home, The Burns Firm, Working From Home|

Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of five workers conducts business from home for pay. The [...]

Individual Tax Calendar: Important Deadlines for the Remainder of 2018

April 17th, 2018|Categories: Accounting, Burns Firm, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: 2017 filing deadline, 2018 filing deadline, Accounting, Denis Burns, dependents, exemptions, Home office, IRS, Marital status, Planning, tax, tax credits, tax filing deadline, tax preparation, tax return, tax return filing|

While April 15 (April 17 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year that you also need [...]

Home-related tax breaks are valuable on 2017 returns, but will be less so for 2018

March 22nd, 2018|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: 2018 personal tax return, 2018 Tax returns, Accounting, Debt forgiveness exclusion, deductions, expense, home equity debt interset deduction, Home office, Home office deduction, Home sale gain exclusion, IRS, Mortgage insurance premium deduction, mortgage interest, mortgage interest deduction, Planning, property tax deduction, tax, tax preparation, tax return, The Burns Firm|

Home ownership is a key element of the American dream for many, and the U.S. tax code includes many tax breaks that help support this dream. If you own a [...]

Can you deduct home office expenses?

January 25th, 2018|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Return|Tags: Accounting, deductions, Denis Burns, expense, Home office, tax, tax credits, tax return, The Burns Firm|

Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. And for 2018, even fewer taxpayers [...]