Home Office

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Home Office Deductions and the “Exclusive Use” Rule

By | June 9th, 2017|Categories: Small Business Tax and Accounting|Tags: , , |

One of the basic truths for any taxpayer wanting to claim a deduction for business use of the home is, the office area must be used 100% for business purposes. And 100% business use means 100%. But is that really always true?

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When Can a Home Office Deduction Result in a Business Loss?

By | November 17th, 2016|Categories: Small Business Tax and Accounting|Tags: , , , |

The general rule with home office deductions is that the deduction cannot generate a business loss. But there’s an exception to this rule.

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From the Archives: Home Offices, Principal Place of Business, and Mileage Deductions

By | November 25th, 2015|Categories: From the Archives|Tags: |

Not my office! Photo courtesy of www.morgueFile.com It's a holiday week, so I'm re-posting popular stories from the past. This blog post from more than 4 years ago is one of the most popular posts I've ever written. ----- Originally published July 30, 2011 A question that comes up frequently from people with home-based [...]

Things Tax Preparers Say: Home Office Deductions

By | September 18th, 2015|Categories: Potpourri of Tax Topics|Tags: , , , |

Employees can take a home office deduction but there are hurdles to clear. Some tax preparers don't seem to understand this.

Rare Home Office Deduction Win in Tax Court

By | August 12th, 2014|Categories: Potpourri of Tax Topics|Tags: , , |

A taxpayer recently won in Tax Court in a case involving the home office deduction for an employee.

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