I forgot to give you the language we use. We simply say that one of the benefits of coworking is "Tidy Tax Records" and explain that the statements we provide give a clear record of their monthly expense and avoids the hassle of figuring out the proper amount (and avoids IRS scrutiny) of a home office deduction.
On Saturday, January 28, 2017 at 1:31:39 PM UTC-5, Julia Ferguson wrote: > > Lauren, > > Any expense directly related to operating a business is tax deductible as > a business expense. That would include membership fees, "day passes", > meeting room rentals or any other expense incurred for the business. Those > that work from home can also claim a deduction for a home office, but > conventional wisdom says that deduction is one of the flags for an audit. > So, the advantage of claiming monies paid to a coworking space / community > is really more that it is a cleaner way of claiming "office" expenses. The > statements, receipts or invoices from the coworking space / community > provide a clear record of the expense and, because it is separate from any > use of a space for personal reasons (like a room at home might be) there's > a clean delineation of the business expense. > > Hope that helps. > > Julia > > On Friday, January 27, 2017 at 3:43:51 PM UTC-5, Lauren McDaniel wrote: >> >> Hi everyone, >> >> Do any of you have some sample text you use with members of your space to >> promote (and make them aware) of the tax advantages of working in a >> coworking space? >> >> I want to alert our members that their membership (and punchcards) can be >> tax deductible if it's a business expense for them -- I believe this >> applies to those who freelance, run their own company or even use the space >> as their office when they're working remotely for another company. Is this >> all indeed correct? I checked with a local accountant and he seemed to >> think this was all legitimate. >> >> We just opened last summer, so I'm looking for any recommendations -- as >> tax season will be upon us shortly! >> >> Thanks in advance. >> >> Lauren McDaniel >> > -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
