Custom Search

03 November 2008

RE: [taxchat] Husband-Wife LLC & OIH

Lynne,
 
the whole question about this issue is NOT whether to file 2 Sch C's or file a 1065.
 
My question was how should they take a deduction for Office in the Home expenses, assuming that they will be filing a 1065?
 
 
Donna J. Perrone, EA
East Haven, CT
203-469-4939
203-468-2038 fax
 
 

IRS Circular 230 Disclosure: Unless expressly stated otherwise, any tax advice contained herein, including attachments and enclosures, is not intended or written to be used, and may not be used, for the purpose of (1) avoiding tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax-related matters addressed herein.

 


From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Lynne Ayton
Sent: Monday, November 03, 2008 8:19 AM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Husband-Wife LLC & OIH

maybe this is why i have always done a joint sched C for husb & wife.
lynne


Chuck Warman wrote:


The other interesting observation from the GearUp instructor was that, in
his opinion, the entire QJV code section 763(f) is redundant and basically
nuts. He said that any husband - wife partnership has always had this
option available to them statutorily, though he did not give me a cite for
that opinion.

 
__._,_.___

IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.




Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___
Custom Search