Tax & Accounting

This Week's Tip

Does your teenager play video games or research term papers on the same home computer that you use for business purposes?  If so, you cannot claim a full deduction for the computer.  Instead, you have to make a good faith allocation between personal use and business use.  Some sort of a log is the best form of documentation.  Having the log prepared real-time provides a far superior that is the most likely to avoid further digging by an examining agent.