Claiming a deduction for your home office is pretty straightforward.
But things can get very tricky when you add a second business, or your spouse claims the same home office for his/her business.
If this is a situation you may have to deal with, I urge you to read my new article titled Tax Tips: Tax Deduction for Home Office with Two Businesses.
Three ways our fact-filled article can help you:
- We’ll give you a real-life example of the kind of problem you can face. We’ll take a look at the case of a doctor who runs two practices and seeks a double home-office tax break. We’ll tell you more when you read the full article.
- We’ll explain what to do before you pull the trigger. Whenever you tell the IRS that you want to add your spouse or another business, you trigger a number of rules that you really need to follow. We’ll give you the whole story when you read the full article.
- Don’t forget, as a subscriber you always have instant access to all our archived articles. For example, you might have logged in to our Web site, inserted the words “home office multiple businesses” in the search engine, clicked “Find ALL words,” and sorted by “relevancy.” The article dealing with the home office deduction (with more than one business) would have appeared as number six in the results list. Click Here to go to our home page and try our powerful search feature out!