How Corporations Reduce IRS Audits of Home-Office Deductions

Well, you are not alone. Countless taxpayers fail to take advantage of a big deduction that they’re entitled to because they’re afraid of Uncle Sam.

The fact of the matter is…

We don’t consider the home-office deduction to be an audit flag.

To get the whole story about a proven step you can take to avoid audit problems, read my new article titled Tax Tips: How Corporations Reduce IRS Audits of Home-Office Deductions.

We’ll tell you the good news if you’re running a corporation. If you operate as a corporation, your home-office deduction doesn’t show on either your personal return or your corporate return if you have the corporation reimburse the office as an employee business expense. You’ll get all the details when you read the full article.
We’ll tell you about an easy way to make sure you’ll come out a winner. The first step to getting the dollar-amount for the corporate reimbursement is to complete IRS Form 8829 just as if you were going to claim the deduction personally (which you are not doing). When you complete the form, your corporate reimbursement will include the home-office percentage of what you spend for mortgage interest and property taxes. You’ll get a complete explanation when you read the full article.
We’ll explain the important expense report rules. The corporation may reimburse expenses only if it has adequate proof of the expenses. Therefore, make your corporation demand-proof. This means you and your employees must substantiate the administrative use, regular use, and exclusive use of your home office. With proper proof, your corporation gets the tax deduction and you, as an employee, get an employee reimbursement that’s not taxable income to you! All will be made crystal clear when you read the full article.