Comments on: Procrastinators Rejoice!

By: Mike Ford, AGA, GAA, RAA, SCREA, Realtor®

Mike Ford, AGA, GAA, RAA, SCREA, Realtor® — Mon, 16 Apr 2018 01:21:29 +0000

BEWARE of commuter mile rules! Home office folks this affects you! IRS has argued that the drive to your first appointment is a normal commute and miles to it are disallowed. I fought with them for years on this. I’m surprised they ever hired me afterward.

Back when I lived on a boat (25 years) and space was very limited (and after my first battle with IRS) I made it a point to have my first stop of the day FOR BUSINESS PURPOSE commuting to be my local hamburger-stand-truckstop-coffee shop. I’d get my coffee and sit down with my entire workfile where I could spread out maps books, file data etc. and route my stops. I argued it was a necessary step before I could then go on any appointments. This way I limited my ‘lost’ mileage deductions to on 1 1/2 miles.

By: misguided

misguided — Sun, 15 Apr 2018 21:58:44 +0000

Oops…I didn’t know about the 50 miles rule

By: MD appraiser

MD appraiser — Sun, 15 Apr 2018 17:26:43 +0000

Thanks Dave. Almost all of my assignments are within 25 miles.

By: Dave Towne

Dave Towne — Sun, 15 Apr 2018 16:27:35 +0000

Lunch can be a biz deduction if you dine with another person and discuss business. Also if you do an assignment 50 or more miles from office. Actual deduction will be 50% of total expense.

By: MD appraiser

MD appraiser — Sun, 15 Apr 2018 14:58:05 +0000

I’m doing mine now. A colleague of mine said he writes off lunches. What are others doing?