• If you’re a business owner or independent contractor, make sure you’re taking advantage of every available deduction when filing your tax return. Photo: Passarell Tax & Bookkeeping Services (2017)

  • Your tax professional may be able to identify write-off opportunities you didn't know were available. Photo: Passarell Tax & Bookkeeping Services (2017)

Virginia Passarell is principal of Passarell Tax & Bookkeeping Services. To reach Virginia Passarell call (707) 981-4697.
Taking Advantage of Tax-Deductible Spaces

SANTA ROSA – Many sole proprietors shy away from taking the home office deduction because they think it’s a red flag for a tax audit. However, there’s no reason you shouldn’t be taking every legitimate deduction you’re entitled to. Additionally, there may be more tax-deductible opportunities available to you than you realize.

A home office isn’t the only instance where a part of your home is considered tax-deductible. The fact is, you can deduct any area that’s designated exclusively to work-related activities or supplies. This includes partial rooms (for example, if your home office is in your dining room) or even a closet that’s used to store work-related materials. Likewise, if you park your work truck in your garage or use part of your garage to store work-related equipment, this also counts as tax-deductible square footage.

Virginia Passarell is a veteran accountant and principal of Passarell Tax & Bookkeeping Services, a Diamond Certified company. She can be reached at (707) 981-4697 or by email.

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