Can an at home employee deduct a computer on taxes?
Posted By: or can just ICs deduct? on 2006-04-12
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I deduct all expenses that relate to my home office-% of utilities, taxes, repairs to that room, --s
mortgage (we do not plan to sell our house so this deduction will not affect us)as my office is used only for that purpose, internet, phone, I print out a daily schedule so paper/ink, computer repairs, pens, pencils, tape, staples, file cabinets, storge bins for tax recepts/tax returns,file folders. Anything/everything I use to do my job.
I was using mileage for another account where I pick up tapes every day, but found for me the time it took to keep track of the mileage, write it down, add it up was not worth the effort so I quit doing it this year.
What do you mean? They pay/deduct all but state taxes?
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Excuse me but federal taxes are paid as employee by employee
The ONLY difference in IC is you pay the ENTIRE amount of the SS which is the 15.25%, as an employee you only pay 7.75%. And you can easily make up that difference in deductions. As an employee you just have someone else manage your withholdings and as an IC you do it yourself. I have much more usable income being an IC and not an employee and I am strict about putting aside what I need to. But everyone always says you have to pay your own taxes, well your employer does not PAY them for you -- except 7.75% of SS, they merely withhold it for you. As an IC you are the employer.
Thwap the husband on the head, buy the keyboard, save the receipt, deduct it from your taxes.
I wouldn't even ask my husband for something like that, any more than he asks me if he can fill up his car with gas so he can get to work! Sheesh! What a prince of a guy you've got there.... You get your keyboard, girl!
deduct everything you can think of, electricity, phone, home office if you chose to, supplies, inter
you get the picture. I don't do the home office deduction though because we keep saying we are going to build on a lot we have and things get screwed up with taxes due to this, something with depreciation, not really sure, know someone who had this problem though, owed a lot back. When we do move, then I will take it since I know it won't be an issue then. I write off about $2-$3K a year which helps some. Was paying quartly but have not done it in 2 years as I usually don't owe more than $1200 and my husband has extra taken out of his pay, so that has always, so far, taken care of any taxes I have "owed". -- Check out the IRS website they have plenty of info on the subject.
You pay taxes as an employee
The only additional you pay is the 7.5% SS taxes -- you are just responsible for paying the taxes to the IRS, you don't allow someone to do it for you. I hate it when people say as an IC you pay your own taxes, you take control of the taxes you pay to the IRS and do not allow someone to withhold for you. Be responsible and just pay your own taxes. Many write offs will offset the 7.5%.
Patti
Trying to figure out if I would come out the same as employee vs. IC for taxes...SM
I know the IC will pay self-employment taxes, but if taxes are already being taken out of your check as an employee, you are still paying them, so does it come out the same in the long run? You are still paying the taxes...but the difference is whether they come out right up front from your check or whether you pay them yourself from the money you've (hopefully) set aside.
And how does the statutory employee fall into this? Better or worse? I've only ever been an employee but am exploring other options.
taxes ic versus employee
Don't really understand the $$ difference between being an IC and employee when it comes to taxes. If as an IC you get a check of $1000---and and as an employee your gross wage is $1000--what is the difference in the amount of taxes you pay as an IC versus as an employee? I have gotten the impression you pay a lot more as an IC...is this true? Can someone give me an idea of what the percentage or dollar amounts would be? thanks:)
I didnt "make out well" having to take the taxes out myself. So I prefer employee status.
x
variables: clinic v. acute, employee (benefits) v. IC (pay taxes);
nm
If you are an employee at home they can
If you are an IC or SE at home, they can't.
If your hospital decides to change how you work, that is up to them. You don't have any choice about whether they send you home or not. That is completely at their discretion.
Your only choice other than accepting the situation there is to get another position.
You should know this: Whether you work as an employee or IC or SE -- if there is no work, there is no pay, period. NO COMPANY will pay you when there is NO WORK.
Good luck.
Exactly what my work at home employee
x
How about at-home employee status, sm
on salary. That way, if they offer benefits, you would qualify for health insurance, etc.
If you can't charge on production, it becomes difficult to maintain contractor status, unless you become some sort of "consultant" for them.
Or you can be an IC and bill them hourly. If that is the case, just figure out how many hours you spend on their account and charge it accordingly to equal the yearly salary you are seeking.
Hope this helps. Good luck!
Telecommuters being asked to pay taxes for home state of
By TOM HERMAN and RACHEL EMMA SILVERMAN
Staff Reporters of THE WALL STREET JOURNAL
November 1, 2005
A move by the Supreme Court means that many telecommuters could ultimately face higher income-tax bills.
The nation's highest court yesterday declined to hear an appeal by a Tennessee man who telecommuted to New York and was charged by that state for taxes on all his income. Because the Supreme Court won't review his appeal, New York's decision stands.
Many telecommuters could face higher state income-tax bills if other states are emboldened by New York's success and enact similar rules that tax out-of-state telecommuters. Some members of Congress already have introduced legislation to protect telecommuters from such taxes.
Some 9.9 million people work at home full- or part-time for employers other than themselves, according to the Telework Advisory Group at WorldatWork, an association for human-resources professionals. As telecommuting has become increasingly popular in recent years -- and as higher gas prices make commuting even more expensive -- millions of people are working in one state for employers in other states. Tax issues may arise over which state or states can tax a worker's income.
New York, a high-tax state that's home to many large corporations, has pursued out-of-state telecommuters aggressively. "By its silence, the Supreme Court permits other states to do the same," says Nicole Belson Goluboff, an attorney who has written extensively on telecommuting law. "Any state might find this attractive and go ahead and start taxing nonresidents."
A handful of other states, including Pennsylvania and Nebraska, already have rules similar to New York's.
The case at issue involved Thomas Huckaby, a computer specialist who lives in Nashville. Earlier this year, New York's highest court, in a 4-3 decision, said Mr. Huckaby owed New York taxes on all of his income from a New York employer -- even though Mr. Huckaby had spent only about 25% of his time in New York and the other 75% in Tennessee.
The Huckaby case involved a New York State tax-department rule affecting people who live in another state, work for a New York employer and occasionally come to New York on business. That rule says income from work performed out of state is taxable by New York unless it's done for the employer's "necessity." Mr. Huckaby acknowledged his employer didn't require him to work in Tennessee, says Peter L. Faber, a New York lawyer who represented him. Mr. Faber argued New York's "convenience" test violated state law and the U.S. Constitution by taxing income earned out of state.
The New York rule could have wide-ranging implications. It may affect not only people like Mr. Huckaby, but also others who live in neighboring states, work in New York and choose to do some of their work at home. "We need federal legislation" to protect both types of workers, Ms. Goluboff says.
Consider the case of Edward A. Zelinsky, a law-school professor who lives in New Haven, Conn., and teaches at a law school in New York City. He says New York taxed him on all his law-school wages even though he spent 60% of his time at home doing research, writing, and grading exams and papers. Prof. Zelinsky lost his case in New York's highest court, and the U.S. Supreme Court declined to review the decision in 2004.
New York adopted its rule many years ago. Officials were concerned about commuters who lived in a neighboring state, such as Connecticut, and brought work home on weekends, worked on Saturday and Sunday, and then claimed to owe New York tax on only five-sevenths of their income, instead of 100%.
Telecommuters might get a reprieve if Congress passes proposed legislation called the Telecommuter Tax Fairness Act. The bill, which seeks to prevent states from collecting taxes from employees for work performed outside that state, was sponsored by Democratic Sen. Christopher Dodd and Republican Rep. Christopher Shays, both from Connecticut. Under the bill, workers would have to be physically present and working in a state for that state to be allowed to collect income tax from employees.
Sen. Dodd said yesterday that the court's move "underscores the need" to take legislative action.
The Supreme Court announcement is not a decision on the case's merits. The lower-court ruling stands and could, of course, lead other states to enact such rules. But it doesn't mean that the court has decided the issue or that such laws will be upheld if appealed in the future. Copyright © 2005 Dow Jones & Company, Inc. All Rights Reserved.
Question on Income Taxes and Home Office
I need some input, please, on our tax situation. I moved to a new state and am having a new tax guy this year. I always declare my home office and a percentage of my utilities - have done so for 10+ years. This new tax guy said that my home office deductions won't matter, as they aren't higher than the standard deduction we are allowed as a married couple, and he can't believe I have never just filed a fast simple tax form without itemizing. My old tax guy never said a word - he would just get all my home office figures for me each year and said he "entered them" on my taxes. He also charged me around $350 to "itemize" each year, just for these home office figures. They are always about $3000 a year total. So now it seems I've been throwing my $$ out the window with my old tax guy? I always thought our home office deductions were able to be written off, so to speak, separate from that individual standard deduction. So, either my new tax guy doesn't know what he's talking about, or my old guy didn't. I have a feeling the new guy is right, though, the way he explained it. Does our home office deduction have to be more than the regular old standard deduction? Or does our home office cost count separately on taxes? Thanks for any help, as I don't want to hire a THIRD tax guy to check the other two. Thank goodness I never did Turbo Tax - I'd be even more lost.
A relative, employee at home, told me she
x
I also took home office expenses as an employee, but --
You can only get any good out of it if you are also a homeowner with a lot of mortgage interest or have a lot of medical expenses, etc., that would make it higher than the standard deduction.
home office expenses are still deductible if you are an employee - nm
x
IC on home computer
My software for transcription is password protected. Only I can access it. I work on our "family" computer. I figure as long as no one but me can see the medical records, I'm good to go. You do want to make sure your virus protection is always up to date, especially if you have kids using the same computer.
$15,000.... Hospital employee, telecommuting from home, working less than full-time.
c
I'm a hospital employee, working local at home, so I get a raise every year.
x
Home Video to computer anyone?
Does anyone know anything about transferring home videos to computer? When I got a digital camera I had to play with the program which came with the camera for a while before I got the hang of it. I now have a digital video camera and trying to get the video to the computer. I think I have a program that edits video but it asks me about a source. All I did so far is plug the camera via USB port to the computer. Oh, the camera did not come with any special program. Any ideas. Thanks.
I work for a hospital from home on my computer and they do this too. sm
I was told that it is becoming more and more common to see this happen as the internet can open the hospital to too many vulnerabilities. It's my computer but I am on their clock, so I am OK with it. I prefer my books to internet research though so it is not so bad for me.
Good luck with this.
Try Home Depot. Got it in 2 days. Great computer with XP too!
x
I have access from home via moden to their computer file.
I have a dial up number to access the office computer file for the op notes I send over the modem. They print them at the office and take if from there. I have Dictaphone and they dictate reports via any phone into my two lines at home. The office had a computer tech set it up on my computer, to work with theirs. It is a nice arrangement. They can fix it so you can't access any other files at the office.
It is nearly essential to be a computer tech when one works at home. Sorry. Can't help. Feel your
dd
Has anyone tried accessing your own home computer from a laptop remotely with PC Anywhere or similar
I'm wondering if this is possible instead of having to install everything on my laptop to work remotely. It would be nice if I could hook up to my home PC with my laptop and am wondering if there is a program that would allow me to do so or do I have to re-install everything on my laptop to work remotely.
I have auto corrects, medical spell check, medical dictionary, etc., that I would need on both computers.
TIA
You have your W2 showing very clearly those taxes were paid. MQ is responsible for those taxes
because you were a statutory employee. That is the responsibility of the employer to pay those just as though you were an employee.
They want to deduct your salary from their
business expenses - so if they have NOT paid you, do not cooperate. Send them a registered letter stating simply the total $ owed, and enclose a self-addressed stamped envelope for their convenience - ha - and hold out signing any forms until YOU GET PAID!! What nerve they have!
Even when they deduct your entire (sm)
report if you make one error that QA doesn't catch and the hospital does?
Seems to me like QA should get dinged, not the MT.
TRS is your typical admin-heavy, treat the MT like a number company, made more offensive by their assumption that everyone in America is "Christian" and will adore prayer requests and other off-topic crap on the company email.
You can still deduct your MT expenses if your and IC - sm
regardless of taking the standard deduction. Your write offs for MT are on the Schedule C (not B). My husband and I take the standard deduction as we don't have enough on our Sch. B; then I write off all my IC deductions and report my income on the Sch. C.; putting the bottom line (income minus IC write-offs) on the 1040 line 12. So I am not quite clear on what you are talking about but I know how I do it is how most of us (if not all) do our deductions. You may want to do an amended return.
Yes you can deduct it. Employees get
the same deductions many ICs do particularly since so many companies do not pay for large office space any longer, power, etc. If you have any question at all about how to do it, ask your accountant but Turbo Tax walked me through it last year and this year too. It used to be that they did not ask, but now they do and you can deduct your office based on the size of it and the mortgage etc.
What many offices used to have now belongs to us that work at home and yes, we get that benefit because the offices definitely cannot legally deduct for this. Some companies reimburse for your internet. Oh whoopie. Less are providing equipment. So now we do get to do a whole lot as employees because the costs of these necessities for work have been placed on us by cheap employers who try to get by with as little expense as possible.
You can deduct many things when you are an IC - sm
Obviously since you were only an IC for 2 months in 2006, you can only make deductions for those 2 months, electricity for your home office, supplies, internet connection, phone, if you bought a computer for the IC job, use of your home office (a small fraction of your mortgage)---now if you are planning to move the smart thing to do is not take the home office deduction, it causes problems, a tax professional can explain all that. I take everything but the home office deduction as we have been saying for years were are going to move, and I figure if I finally do it, that will be when we finally do move, I'd probably be able to right off anohter $1k if I took it. So I end up writing off a percentage of my electricity and heat, phone line, internet, computer (took that deduction a few years ago), computer chair, printer supplies, reference books, programs, etc. You get the picture. Anything that pertains to your job you can write off basically. If you drive and pick up/deliver work, you can write off your mileage, just keep records. I have had both employee jobs and IC at the same time, best of both worlds in regards to taxes. I would have extra taxes taken out of the employee job to cover my IC taxes, though my DH has extra taken out and that has always covered my taxes so far. It is not hard to do, use a spreadsheet and let the computer do the work for you.
No, it's not. Poster says nothing about deduct.
x
You can deduct A LOT more than just office
x
You can deduct your work stuff, i.e. all of above, but you will need a Sch. C - sm
I believe. I think you need that schedule (vs. the CEZ) in order to write all that off. The computer would be line 13 and you can take a section 179 deduction for the entire amount, for which you need form 4562 (lines 7-12 and 24a-29). It is not difficult to do. For your state taxes generally (presume every state is different though), you take line 36 off your 1040 (if you are using a 1040) and that amount will contain your reported income from the sch. C (which has your write-offs) - Good luck !
deduct for errors, infomatics
thatnks for your response. it's in the contract i got from them sat. i am supposed to start training tomorrow. my friend works for them and loves it. i'm a little bit more skeptical i guess. all type never called me back and that was me. i have applied to lots of cos. this weekend and will probably hear from some tomorrow. i had my own service and am technologically deprived. we had tapes and c phones, no internet voice. this is all new to me. infomatics does say they pay ins. now if you are full time.
deduct for errors, infomatics
Just curious but where did you obtain this information? I've heard there is another company, (who will deny it but the MTs swear it happens) who deducts for errors. I do not know this firsthand, however.
Did you take the job with Infomatics?
When I spoke with them about a year ago they were at 8 cpl and just in case - they do not have insurance coverage, which is something I must have.
Also, did you make a post earlier about a company All Type and the recruiter didn't call you back? If that is you, did they finally call you - would you consider working for them at this point?
I have always tried to research any company I think I would like to apply to, prior to applying. I even go so far as to check their Dunn & Bradstreet scores, because I want to know how financially stable they are or are not, if they pay bills on time, etc. But I'm a little OCD and AR...LOL
Well, I've rambled enough...BUT,,,,Please let us know what you decide and BEST OF LUCK :-)
DEDUCT FOR ERRORS, INFOMATICS
Do all big co. deduct for less than 989% accuracy. They deduct 5% Really leary of this company and am supposed to train tomorrow. Seems it stays at 8 cents forever with no differentials or anything.
If married, have husband deduct more
You say you are married have your husband deduct more. They don't care who pays the taxes as long as they get paid. If you owe over a certain percentage they can put on a small fine but to me it didn't bother me and the few times I had to pay, I did it at year end. When married though just had my hubby do one less dependant or single instead of married and it worked and most of the time still got a few pennies back. But I keep a running spread sheet and on my Quick Books of what I am making, what my deductions are, etc. to keep ahead of the game. Am always budgeting for next month and next year.
each co. sets their own % to deduct, there is no standard
You would need to check the QA policy at your company to see what they deduct in points or percentage for each type of error. What Spheris does versus TTS or Medquist or whoever, it's all different.
MTSO will deduct for errors?
Hello everyone. I signed a contract that my company can deduct for a certain percentage of errors or too many blanks. Is this the norm? Please advise. I have 10 years of experience but I am still concerned.
Was told could deduct pet expenses. sm.
If it is a dog and is over 50 pounds, you can claim its food, vet bills, pet insurance, vaccinations all that as long as your business is run from your home. It applies as a guard dog. It does not matter which breed the dog is either. This is the state of Missouri, not sure about other states.
I am gonna try it as we shelled out alot of money over a period of time for a dog that was poisoned. Luckily, he lived.
I also live in an apt complex and plan to deduct
75% of my ISP, 100% of my ULD and I am considering 50% of my utilities (haven't decided on that one yet).
The reason I won't file for paying taxes is this. I live in a large apartment complex. Most of the complex is located within city limits, but I live in the back part which is actually located in what is considered as incorporated county. So, you can see that the property management pays a different tax rate for the majority of its property from the location of my apartment and because I cannot hand the IRS a statement showing I paid XXX amount in property tax, I will only claim the square footage...something I can prove in writing by printing out the floor plan, taking pictures of the office, and having a copy of the lease.
I tried to deduct price of deck by sitting out
x
No, SE means you pay part of your FICA and SS and state tax. They do not deduct it all.
x
Doesn't matter....they deduct 25% (or more) from your TOTAL lines - NM
NM
Can deduct portion of mortgage, utilities.Equip
x
deduct telephone, electric and portion of house payments.
Hope this helps!
As an IC when paying taxes, are SS and fed taxes sent SM
to the same place?
Is it their computer? Why are they installing a firewall and autocorrect on your computer? That sm
is usually the responsibility of the transcriptionist, especially if an IC or SE. Which company?
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