MGC94
Level 7
04-28-2021
09:05 PM
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My client presented my office with a W2 for $797,342.00 in Box 1. In box 12 Coded V $531,842. His actual salary was $265,470. Taxes in Box 2 $174,456. He is an expert medical witness who works from his home which is a large farm. This is 5 days a week for the entire year. The W2 took all taxes out but upon compiling the return it appears that he owes about $55,000. What could I do lower this liability? He did extensive work on the farm probably $80,000 as he prepared it for a sale as soon as possible.
Doesn't it seem he should have a home office? Could he be a Statutory employee where all expenses could be utilized on an 8829?
Thank you,
Carol Conway
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