MGC94
Level 7

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 

0 Cheers