Are you afraid to claim a home-office deduction because you also commute to an office outside your home?
Well, you may be passing up a big tax break you absolutely are entitled to.
You see, if you know how to play the game, you can qualify for the home-office deduction which turns your commuting mileage into deductible business mileage.
You’ll learn how to come out a winner when you read my new article titled Tax Tips: Q&A: Administrative Home Office Is a Principal Office!
Three ways our fact-filled article can help you:
- We’ll explain the important special rule that applies. For starters, the law states that your home office is a “principal” office when it serves as your administrative or management office. All will be explained when you read the full article.
- We’ll tell you why you shouldn’t believe the “red flag” myth. Some business owners and even CPAs believe that claiming the home-office deduction when you commute to your other office raises a red flag and puts you in the IRS’s gun sights. Not true! If your home-office is used for administrative or management purposes, you’re in the clear as you’ll discover when you read the full article.
- You’ll learn why it’s absolutely worth claiming your home-office deduction. Once your home qualifies as a principal office, your commute to your outside office (in the same trade or business) is considered a business trip that produces business mileage. We’ll show you how to save a bundle when you read the full article.