tax deductions

[psebastian]

What is the name of your state? PA

I am a small business owner. I own 51% of the company, and ’05 was our first year. The business office runs out of my house.
What things can I deduct? room size, electric, internet?
Also, I do store some materials in the basement.

Thank you

 

[seniorjudge]

What is the name of your state? PA

I am a small business owner. I own 51% of the company, and ’05 was our first year. The business office runs out of my house.
What things can I deduct? room size, electric, internet?
Also, I do store some materials in the basement.

Thank you

http://www.irs.gov/newsroom/article/0,,id=108138,00.html

 

[Snipes5]

You can deduct your tax prep fees next year after you hire a tax professional to do your taxes for you.

If you mess it up, it could become quite the ugly mess.

Snipes