So yea, home offices. Seems obvious, every e-teacher has one in some way shape or form. Phones, internet and a portion of utilities too make sense.
But here's a few things I didn't think about and now have to go find records for:
- For brick and mortar meetings. I kept mileage and gas receipts, but I didn't realize I also needed my car interest payments, and car insurance for the year because apparently a percentage of those can be added based on the mileage.
- Cell phone breakdown-while somehow crazy to me instead of just knowing my business cell phone bill amount, there is a difference in where you put down cell phone data usage and cell phone phone charges.
- Last year's depreciated assets. Whenever possible I tend to 179 the suckers just so I don't have to keep track of what was done when. I prefer the straightforward version-I paid for it this year therefore my taxes should be dealt with this year. But the pesky government likes to sneak in things like computers under a no 179 rule, so I have to remember them. Thank god for last year's records.
- BTW-the govt now claims you only need to keep these suckers for 3 years, but if an item is forces to be depreciated over 5 years, how does that work?
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