Any "Latest & Greatest" about Endeavor?
Gets Weekends Off
Joined APC: Dec 2014
Posts: 208
Good luck with the computer deduction. As per the IRS:
Depreciation on Computers
You can claim a depreciation deduction for a computer that you use in your work as an employee if its use is:
For the convenience of your employer, and
Required as a condition of your employment.
For the convenience of your employer. This means that your use of the computer is for a substantial business reason of your employer. You must consider all facts in making this determination. Use of your computer during your regular working hours to carry on your employer's business is generally for the convenience of your employer.
Required as a condition of your employment. This means that you can't properly perform your duties without the computer. Whether you can properly perform your duties without it depends on all the facts and circumstances. It isn’t necessary that your employer explicitly requires you to use your computer. But neither is it enough that your employer merely states that your use of the item is a condition of your employment.
Example.
You are an engineer with an engineering firm. You occasionally take work home at night rather than work late at the office. You own and use a computer that is similar to the one you use at the office to complete your work at home. Since your use of the computer isn't for the convenience of your employer and isn't required as a condition of your employment, you can't claim a depreciation deduction for it.
https://www.irs.gov/publications/p529/ar02.html
Depreciation on Computers
You can claim a depreciation deduction for a computer that you use in your work as an employee if its use is:
For the convenience of your employer, and
Required as a condition of your employment.
For the convenience of your employer. This means that your use of the computer is for a substantial business reason of your employer. You must consider all facts in making this determination. Use of your computer during your regular working hours to carry on your employer's business is generally for the convenience of your employer.
Required as a condition of your employment. This means that you can't properly perform your duties without the computer. Whether you can properly perform your duties without it depends on all the facts and circumstances. It isn’t necessary that your employer explicitly requires you to use your computer. But neither is it enough that your employer merely states that your use of the item is a condition of your employment.
Example.
You are an engineer with an engineering firm. You occasionally take work home at night rather than work late at the office. You own and use a computer that is similar to the one you use at the office to complete your work at home. Since your use of the computer isn't for the convenience of your employer and isn't required as a condition of your employment, you can't claim a depreciation deduction for it.
https://www.irs.gov/publications/p529/ar02.html
You can be as anal as you want but the facts are you have around a 1% chance of being audited. They are going after the big dogs not people making 70k and not depreciating their Dell laptop correctly. The IRS is a business. They want the big dogs.
Gets Weekends Off
Joined APC: Dec 2014
Posts: 208
Deduct everything you want but don't put on blinders and think that there is no chance you'll get caught. Its a calculated risk.
Gets Weekends Off
Joined APC: Feb 2016
Posts: 2,559
Gets Weekends Off
Joined APC: Feb 2016
Posts: 2,559
Doesn't really matter what your accountant says; if your taxes are filed wrong and there is a penalty to pay for it, you alone bear the cost.
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