An Introduction

Hi. Welcome to BourGroup and my blog. Phil

Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.

I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.

"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.

Saturday, February 2, 2013

Taxes and the Home Office Deduction


Starting in 2013, there is a new home office safe harbor “standard deduction” of up to $1,500 (it is $5 times the sq. ft. used for the office).
 
If you are using a part of your home for your home office, this may help simplify the calculation if it turns out to be more than using the old allocation method.
  
Here is the IRS link to the Revenue Procedure: http://www.irs.gov/pub/irs-drop/rp-13-13.pdf

 
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