Tax Court

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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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From the Archives: Taxation of Emotional Distress Payments

By | December 29th, 2015|Categories: From the Archives|Tags: , |

Taxation of emotional distress payments can be tricky. In general, the settlement money is taxable ... but not always.

From the Archives: Does the 5th Amendment Protect You During an Audit?

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

Does the 5th Amendment Protect You During an Audit? In one word: NO.

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From the Archives: Tax Court: Vacant House Can Still Qualify as Rental

By | December 24th, 2014|Categories: From the Archives|Tags: , |

The U.S. Tax Court says a vacant house can sometimes still qualify as a rental property.

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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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