[Craig T]

Matt, I sold my half of the business to my partner in 2014, but stayed on three years as a 1099 contractor. I deducted home office expenses, car miles, meals and entertainment, travel, etc. From a tax perspective, it worked put great for me. My accountant didn't like it. He told me if I was going to continue to earn much longer that I'd better file an S-Corp. He said it would insulated me from some liability and lower my risk of an audit. I knew I was retiring soon so I didn't bother.