Home Office Deduction – The Burns Firm – Advisors of Complex Financial Matters

Can Partners Deduct Expenses They Pay?

October 13th, 2026|Categories: Accountant, accountant near me, Burns Firm, Business, Business Expense Deductions, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Expenses, Home Office, Home Office Deduction, Home Office Expenses, Meals & Entertainment Deductions, Mileage Deductions, Partnership, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Rules, Texas CPA, The Burns Firm|Tags: Can Partners Deduct Expenses They Pay, CPA, cpa near me, Dallas CPA, expenses, Expenses and Your Partnership in a Business, Partner in a Business, Partnership, tax, tax accountant, tax advisor, The Burns Firm|

If you own a business taxed as a partnership, you may occasionally pay work-related expenses out of pocket. This raises a common question: Can you deduct those payments on your [...]

Self-Employed? You May Be Eligible for the Home Office Deduction

August 13th, 2026|Categories: Accountant, accountant near me, Burns Firm, Business, Business Deductions, Business Expense Deductions, Business Tax Planning, Business Write-offs, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Expenses, Home Office, Home Office Deduction, Home Office Expenses, Indirect vs Direct Expenses, Itemized Deductions, Record Keeping for Business, Recordkeeping for Travel Expense, Small Business, Small Business Tax Planning, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Breaks, Tax Credits, Tax Deductions, Tax Preparation, tax preparer near me, Tax Return, Tax Rules, tax write-offs, Texas CPA, The Burns Firm, Travel Expense, Travel Write-offs for Business|Tags: CPA, cpa near me, Dallas CPA, Direct Expenses vs Indirect Expenses, home office deductions, Home Office Deductions on Tax Return, self-employed, tax, tax accountant near me, tax advisor, tax preparation, tax preparer near me, Texas CPA, The Burns Firm, What Are Indirect Expenses|

Once upon a time, employees could claim home office expenses as a miscellaneous itemized deduction, subject to a 2%-of-adjusted-gross-income floor, if the arrangement was for their employer's convenience. But [...]

Ready, Set, Fire: 8 Tax Deductions You Might Not Know About

February 5th, 2025|Categories: Accountant, Burns Firm, Casualty Loss, Charitable Contributions, Charitable Donations, CPA, CPA Dallas, CPA near me, CPADallas, Dallas CPA, Deductions, EV, EV Credits, Home Energy Credits, Home Improvement Deductions, Home Office Deduction, Medical Deductions, Medical Expenses, Mortgage Interest, Student Loan Interest, Tax, tax accountant, Tax Advisor, Tax Deductions, Tax Preparation, Tax Return, Texas CPA, The Burns Firm, Vehicle Deductions|Tags: applications, Casualty Losses Deduction, Charitable Travel Deduction, cpa near me, Dallas CPA, Home Improvement Tax Deduction, Jury Duty Deductions, medical expense deductions, Points Paid on Home Mortgage Deduction, student loan interest deduction, tax, tax advisor, tax deductions, Texas CPA, The Burns Firm|

Years ago, many taxpayers itemized deductions instead of claiming the standard deduction. But fewer taxpayers are itemizing today due to a bevy of changes in the Tax Cuts and Jobs [...]

Is your Home Office a Tax Haven? Here are the Rules for Deductions

September 26th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Home Office Deduction, Tax, tax accountant, Tax Advisor, Tax Deductions, tax write-offs, Texas CPA, The Burns Firm|Tags: cpa near me, Dallas CPA, Home office, home office deductions, Home Office Expenses, tax, tax advisor, Tax Rules and Working From Home, The Burns Firm, Working From Home|

Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of five workers conducts business from home for pay. The [...]

10 Tax Breaks to Consider on Extended Returns

September 5th, 2024|Categories: 1031 Like-Kind Exchange, Accountant, Burns Firm, Charitable Donations, Child Tax Credit, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Education, Education Expenses, EV Credits, Higher Education Credits, Home Energy Credits, Home Office Deduction, Medical Deductions, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Planning, Tax Preparation, Tax Return Preparer, Texas CPA, The Burns Firm|Tags: 1031 like-kind exchange, Charitable Gifts, CPA, cpa near me, Dallas CPA, Family Tax Credits, Higher Education Credits, Home Energy Credits, home office deductions, medical deductions, tax, tax advisor, tax breaks, Texas CPA, The Burns Firm|

If you requested an extension for your 2023 federal income tax return, you have until six months from the original due date — October 15, 2024, to be exact — [...]