"Both the CPA and the IRS Are Wrong on This 2026 Home-Office Audit" To get my complete, FREE articlewith all the details… A real estate agent sat across from an IRS auditor and was told the home-office deduction was dead because the brokerage provides a desk. Their own CPA sat beside them and agreed. Both were leaning on an old court case. The answer was sitting in … [Read more...]
Home Office
Sorted by Date
Drive Time Increases Odds of Deducting Rental Property Losses
Drive Time Increases Odds of Deducting Rental Property Losses To get my complete article with all the details… You own rental property, log your hours, and still fall short of the 750-hour real estate professional test. Meanwhile the drive time to and from your rentals sits on the sideline, uncounted. The IRS's own guidance says drive time doesn't count toward … [Read more...]
Is Your Spouse Or Side Job Costing You The Home-Office Deduction?
Is Your Spouse Or Side Job Costing You The Home-Office Deduction? To get my complete article with all the details… Maybe you run your business from a home office, and your spouse uses the same room for their own side venture — or you sneak in some W-2 work at that desk between client calls. It feels harmless. It isn't. Under a precedent-setting Tax Court ruling, … [Read more...]
A Tiny Home Office Can Produce Big Tax Savings
A Tiny Home Office Can Produce Big Tax Savings To get my complete article with all the details… Have you ruled out the home-office deduction because your home is simply too small? You may want to think again. Here are three reasons to read this article: Find Out If You Qualify: The Home-Office Deduction for Three Square Feet … [Read more...]
Paying Partnership Expenses Out Of Pocket? Here’s What You Can — And Can’t — Deduct.
Paying Partnership Expenses Out Of Pocket? Here’s What You Can — And Can’t — Deduct. To get my complete article with all the details… You're a partner in a medical practice, law firm, or accounting firm. Every year you reach into your own pocket for client meals, car expenses, continuing education, and home-office costs. But whether those out-of-pocket expenses … [Read more...]