Home Office Deduction for Corporate Entities What does the IRS audit manual say about the home office for an individual who operates his or her business as a corporation? Answer: You will be interested in two boilerplate explanations from the Internal Revenue Manual that examiners use to explain … [Read more...]
Home Office Deduction: Can You Take it?
Home Office Deduction If you have an office outside your personal home—say, downtown—can you have a tax-deductible office inside your home for the same trade or business that will allow for a home office deduction? The answer is, yes! But who says that? The IRS says that. I'll show you where the … [Read more...]