Do you operate your business as an S or C corporation?
Do you also claim (or want to claim) a home-office deduction?
If you’re answering “yes” to both questions, you need to keep reading.
You see, there are three commonly used ways to claim the home-office deduction. But two are losers and one loser won’t pass IRS scrutiny. You’ll learn which they are and how to come out a winner when you read my new article titled Tax Tips: Rent an Office in Your Home to Your Corporation? Avoid This Big Mistake.
Three ways our fact-filled article can help you:
- You’ll learn why renting an office in your home to your corporation can lead to trouble. Section 280A(c)(6) of the tax code makes it clear that the rental approach just won’t fly. You’ll find out why when you read the full article.
- We’ll explain why claiming your home office as a personal business expense is a big mistake. If you do, the IRS will hit you with a triple whammy. We’ll show you how to avoid each and every whammy when you read the full article.
- We’ll tell you the right way to claim your home-office deduction. Finally here’s some good news! Getting the full deduction you’re entitled to is easy if you handle things correctly. We’ll tell you how to emerge victorious when you read the full article.