If you’re claiming a home-office deduction, you know what pain is.
You have to calculate, allocate, and prove all your home-office expenses to Uncle Sam’s satisfaction.
But starting on January 1, 2013 the IRS began offering you an optional way to simplify the process and avoid jumping through all those hoops.
Want to know if the new method for claiming a home-office deduction is right for you? You’ll find out when you read my new article titled Tax Tips: New IRS Optional Method for Home-Office Tax Deduction: A Good Deal?
Three ways our fact-filled article can help you:
- We’ll explain the new IRS optional method in detail. Its great virtue is simplicity. There are just two steps you need to take. We’ll walk you through them when you read the full article.
- We’ll compare the new method to the “actual expenses” approach. Both have their advantages and disadvantages. We’ll show you how to determine which will work best for you. You’ll get the whole story when you read the full article.
- You’ll learn what S and C corporations should do. If you’re an employee of your corporation, the last thing you want to do is claim an “employee business expense” deduction on your Form 1040! You want the home-office deduction to be a corporate expense. We’ll explain all this in easy-to-understand language when you read the full article.