My wife has a 5% interest in my mother in-law's business. My wife is always busy running the business. I have a full time job at an automotive supplier. We constantly fight about her family's business. We have several home bills that are incurred by the business. I have been paying these monthly because she feels the business should not pay them.
Tonight was the last straw. My wife started nagging me about a business computer that I have been using. She also uses it for the business. Today she told me that it needs to go back to the office and I cannot use it anymore. I then stated that she can no longer use any of the services that I pay in the home for the business - - internet, phone, and computer equipment.
She go mad and called me a few choice words. Am I being unreasonable? What would you do?
2006-12-26 11:13:31 · 9 answers · asked by Neo 2 in Family & Relationships ➔ Other - Family & Relationships
Yes the business should be paying them. Now talk to your CPA, you can do this a few different ways. You can have the business cut you a check for services (send them a bill).
Setting it up as a home office might help you out in the long run as far as taxes go. If your wife is helping run the business it needs to be compensating her in some way.
This way the business can still use it as a deduction, instead of paying taxes on the money. If you can claim the income then deduct expenses from it...you are better off.
As far as the fighting...don't know what to tell ya. Maybe he is just stressed.
2006-12-26 11:18:47 · answer #1 · answered by ~Just A Girl~ 3 · 0⤊ 0⤋
The business should pay for all expenses incurred for business activity whether these expenses are incurred in your home or in the main office.
These expenses are deductions from the business and should not be deductions from your household income.
I believe your wife is being unreasonable as the expenses are legitimate. What is being served in hiding these expenses from the business? It doesn't give a true picture of what it costs to do business, thus the profits and costing processes are not reflecting the "true" cost to do business.
2006-12-26 11:18:13 · answer #2 · answered by D N 6 · 0⤊ 0⤋
Back in the 1980's if a business expected you to work from home they supplied you with a computer. Fast forward to 2006-2007 and if you do work at home it is assumed that you have a computer and internet access. Although you stated that there were other expenses involved, I would say with the information that you did provide that you should not expect payment from your wife's family's business.
2006-12-26 11:18:39 · answer #3 · answered by maggiepirsq 4 · 0⤊ 0⤋
I read that story. I do have an issue with choosing to work at home and charging the tax payers per Diem when they could have a home cooked meal. Traveling expense reimbursement is designed for when you are forced to eat elsewhere when on company/state business. You don't get per Diem when you go to the office or stay at home.
2016-05-23 09:01:47 · answer #4 · answered by ? 4 · 0⤊ 0⤋
see an accountant --- any expense incurred should be charged to the business that it relates to --- its legal and equitable not unreasonable
the next question you have to answer is can the business afford the expense if it cant then they are in serious trouble
2006-12-26 11:16:31 · answer #5 · answered by trader1867 7 · 0⤊ 0⤋
HEY! this crap is out of control,your mother inlaw owns the g.d. business let her pay the g.d. expenses of her own business.Who the he-- says you have to support her g.d. business.
2006-12-26 11:18:18 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Dude, it sounds like you are being USED! I would dump the wife and her in-laws!
2006-12-26 11:17:19 · answer #7 · answered by tko43078 3 · 0⤊ 1⤋
GET OUT BOTH OF YOU YOUR BOTH STRSSED OVER THE BILLS TAKE A VACATION RELAX YOUR RELATIONSHIP IS WORTH IT
2006-12-26 11:28:39 · answer #8 · answered by hallowsevenight 2 · 0⤊ 0⤋
What comes around goes around.....
2006-12-26 11:16:28 · answer #9 · answered by troble # one? 7 · 0⤊ 1⤋