Deduct This?!

Now...if your self-employeed or just simply have your own home business you are able to deduct up $7500 "at least within the state Oklahoma". From the mesurements of your work area to the internet bill that has to be used everyday "if that's what you need in order to work".

Anything and I do mean anything that you have to buy for your work area can be deducted such as the ink for your printer, memory upgrades for your computer, the energy it takes to make sure everything runs properly to the brand new plush leather chair you just had to buy for the style and comfort of your office area.

The one thing is that all of those things must be specificly for the work area and nothing else.

I just had to let it be know to those that my not know the ends and outs of the 1099 tax prep and believe me that's just the tip of the iceberg.

Keep in mind that if you are within the guidelines of the 1099 tax form then you should always keep a record of all aplied deductions for at least 7 years "this is to save your own tail" due possible IRS audits. Now don't let this scare you, just keep all of your decution info filed properly and have it somewhere easy to find.

http://www.1099.com/c/de/taxsites.html