Ask Experts Questions for FREE Help !
Ask
    sunshinestate's Avatar
    sunshinestate Posts: 2, Reputation: 1
    New Member
     
    #1

    Feb 5, 2009, 09:40 PM
    Business tax deductions working out of state
    I own a home in NJ and work in NY city. As of June 1 2009 I will be working out of our Miami FL office and renting an apt. there. We presently have a NY office and a FL office but the decision was made to close our NY office. Employees were offered the opportunity to remain with the company and move down to Florida. My plan is to keep my home in NJ where my wife and two college age children will remain and I will rent an apartment in Florida and work down there. I plan to fly home every 2 or 3 weeks or so. I am faced with these additional expenses (rent, airfare, etc.) over and above my "reasonable and customary" ones while working in NY.

    Am I entitled to take any tax deductions for these business related items such as cost of travel back home to visit or rental expense or any other expenses of that nature? I consider this move to be one that was out of my control as it was a company decision and not mine, and in the present economic climate, forced to remain with the company as the job market is very shaky at present. Can I benefit from any tax writeoffs in this scenario?
    Thank you.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Feb 10, 2009, 04:21 PM
    Not really. The decision to move to your work location in Miami and keep your home in NJ is a PERSONAL decision.

    Any attempt to deduct the costs of maintaining the "temporary" apartment and deduct your daily living expenses in Miami will eventually draw the scrutiny of the IRS. Once they determined the circumstances, they would disallow all of the expenses, and the resultant tax bill would be onerous.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Nj state tax deductions [ 1 Answers ]

Can you answer me, for NJ state taxes is there any deduction for the purchase of taxes paid on a car? Thanks

Of state taxes and sundry deductions [ 1 Answers ]

I've researched previous posts about my question and need clarification regarding my unique situation: Ghanaian, F-1/OPT, ending Aug 2008: no treaty benefits. Went to undergrad and worked for 3 years thereafter in my home country. Over the last 4 years, I've been to the US on an F-1 visa...

State and Federal tax returns - Itemized deductions [ 1 Answers ]

Hi- I am Non-Resident alien from India and will file Federal tax return using 1040NR-EZ. Per Publication 519, there is provision to claim only itemized deductions by non-students from India (being non-resident alient, I cannot claim standard deduction). It also states itemized deductions...

Foreign Tax Deductions Against MD State Tax Liability [ 1 Answers ]

I worked in London for 8 months out of the year. I worked in Maryland the other 4 months. I know how to use foreign tax credits on my federal and social security liabilities. Is there any way to use foreign tax credits against my Maryland State and Local Tax liability? These taxes are for...


View more questions Search