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Old 01-27-2017, 04:43 PM
  #10361  
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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
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Old 01-27-2017, 05:08 PM
  #10362  
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One pilot claimed he wrote off his ski trips, because he would make an Amway pitch to whoever was unfortunate enough to share his seat on the chairlift. Don't know if he was serious.....
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Old 01-27-2017, 06:34 PM
  #10363  
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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.
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Old 01-27-2017, 06:45 PM
  #10364  
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Originally Posted by Fourpaw View Post
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.
I've had two family member making less than 100k audited. Both "won" their audit but spent a good deal of time and money fighting it.

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.
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Old 01-27-2017, 07:55 PM
  #10365  
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Hopefully, you are not filing your taxes based on this premise.

Those 4 he listed (cable, cell phone, crash pad, and Internet) are NOT deductible.

Originally Posted by idlethrust View Post
If it's required for your job,it's 100% deductible
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Old 01-27-2017, 09:22 PM
  #10366  
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How good is your accountant and how much is he/she willing to guarantee? I'd rather skip the risk and save the costs but some who like to gamble.....
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Old 01-28-2017, 03:10 AM
  #10367  
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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.

Originally Posted by Avroman View Post
How good is your accountant and how much is he/she willing to guarantee? I'd rather skip the risk and save the costs but some who like to gamble.....
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Old 01-28-2017, 05:59 AM
  #10368  
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Apparently the word from everyone, including management is that the new base is ATL and it will be announced concurrently with 17-01.
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Old 01-28-2017, 06:04 AM
  #10369  
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Originally Posted by Skittles9E View Post
Apparently the word from everyone, including management is that the new base is ATL and it will be announced concurrently with 17-01.
I'm coming to class on the 21st and wanna be based in NY will that still be possible once I get there with ATL opening?
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Old 01-28-2017, 06:09 AM
  #10370  
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Originally Posted by Skittles9E View Post
Apparently the word from everyone, including management is that the new base is ATL and it will be announced concurrently with 17-01.
Will MSP shrink?
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