Do you operate your business as an S corporation?
If you do, it’s very possible that you can take advantage of the home-office deduction. Of course, like anything that involves the IRS you have to know the rules and learn how to play the game. But the good news is, it’s really not that hard to do.
Where can you get reliable, easy-to-understand answers to your home-office deduction questions? You’ll find them in my new article titled Tax Tips: Six Answers to the Home-Office Deduction for the S Corporation Owner.
Three ways our fact-filled article can help you:
- We’ll explain the difference between “exclusive use” and “regular use.” This distinction matters a lot to the IRS. Which means it should matter a lot to you. We’ll give you all the details when you read the full article.
- We’ll tell you how to pass the “convenience-of-the-employer” test. This is an important test of both facts and circumstances. You’ll learn what this vital concept means when you read the full article.
- You’ll learn how your corporation can get the deduction for your home office. It’s easy. The employee-owner submits an expense report that contains the home office, and the corporation reimburses that employee business-expense. Want more details including the name of the IRS form to use? You’ll get the answer and more when you read the full article.