The IRS can be quite picky when it comes to allowing home-office deductions. For example, they require exclusive business use of the area of your home that you’re claiming as an office.
Under the IRS’s strict standards, how much and what kinds of personal use does the law allow? You’ll find out when you read my latest article titled Tax Tips: Home-Office Deduction Requires Exclusive Use.
Three ways our fact-filled article can help you:
- We’ll explain “de minimis” personal use. The court has ruled that the exclusive use requirement for the home office is an “all-or-nothing standard” that must be strictly adhered to. But there are exceptions if personal use is de minimis (minimal). We’ll explain the guidelines when you read the full article.
- We’ll tell you when you CAN’T successfully claim de minimis use. The courts are tough on claims of de minimis use and we’ll illustrate this with specific case-law examples. You’ll get all the details when you read the full article.
- We’ll state the overriding rule that should guide you. Don’t miss this important piece of information and lots more that’s included in our new fact-filled document. It’s yours with a mouse-click on the words read the full article.