Never Had Any Problems

Posted By: RT on 2006-03-24
In Reply to: I would love to know this as well... - me too!

I've been an IC for just over two years, but last year we saved almost $1,500 on taxes that we had to pay the year before. I pay estimated taxes quarterly. My accountant deducted all the expenses that have been listed above by others (so I won't to into them all again).

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To all ICs claiming huge deductions...(sm) - Very Upset
- Everyone should be IC/MTSO at least once - Medtype 10
- IC is a rip off if you are an honest person. - kl
- Been an IC for 17 years now. Never had a problem with deductions; however, I also have a husband - MTIC
- the majority cheat..those who don't usually find the value in being an employee. - my 2 cents
- deductions - Patti
  - Most houses appreciate, how come - yours is *depreciating*? *curious*...nm
    - Buildings are depreciated if used in - business. Apartment buildings,
      - Poster says she works from home - not an apt building...besides...sm
  - I'd rather just pay the money and go to heaven. - Thanks though!
  - what a crock, using lies on your kids like that - shame on you
    - kids allowance - Patti
      - lol A little defensive, are we?! lol - I think the OP meant that
  - tsk, tsk, tsk..teaching your children to lie and cheat..nice..NOT - my 2 cents
- I was never disciplined enough to pay quarterly so I asked sm - EmployeeNow
- Mine avg. around $2K a year that is it -- all work via the internet- sm - Laura E.
- My IC home office deductions came to only sm - nm
- I was in the same boat a couple - CARDIACMT
- IC status - Tired
  - IC status PS sm - Tired
    - I did the same, but what about depreciation? NM - CARDIACMT
      - don't need to depreciate computers anymore. take the deduction in the year purchased - MTSO
- I deduct all expenses that relate to my home office-% of utilities, taxes, repairs to that room, --s - Debra
  - IC - Lynn
    - 3 office chairs in a year??? What are you doing? Aerobics in them?? - nm
  - forgot to add, you can go to the IRS web site and there are several free-sm - Debra
- I had about 12K in deductions. - but I'm an MTSO
- was in same boat sm - carpaltunnel
- you need to be paying quarterly estimated taxes(nm) - nuther IC
  - question about quarterly taxes - newbie IC
    - quarterly taxes - sme
    - Quarterly Taxes - RT
- I feel for you (sm) - Just asking
- I would love to know this as well... - me too!
  - Never Had Any Problems - RT
    - Another Deduction (sorry) - Tired
      - the SEP IRA is a huge deduction... - IC MT

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