“Home sweet home.”
Sounds lovely doesn’t it? But if you’re not careful, Uncle Sam can turn things sour, fast.
You see, the IRS makes a crucial distinction between your “personal home” and your “tax home.” And if you don’t know the difference between the two, and handle things the wrong way, you could lose valuable business-vehicle deductions.
Want to make sure you stay on the right side of the law? Read my new article titled Tax Tips: Danger: Your Personal Home Is Not Your Tax Home!
Three ways our fact-filled article can help you:
- We’ll provide four extremely important definitions. The acceptability of your tax deductions, tax strategies, and tax records depend on four federal income-tax law definitions: “personal home,” “tax home,” “business travel,” and “business transportation.” We’ll explain them in detail and show you how to avoid problems when you read the full article.
- We’ll tell you the sad story of Dr. Bigdeli. Dr. Bigdeli, an oral surgeon, lost his car and truck deductions when he traveled from his personal home in Pennsylvania to his tax home in New York on a non-temporary assignment. His error cost him $55,950 in deductions. We’ll show you where he went wrong and how to avoid his mistakes when you read the full article.
- We’ll tell you five things you need to know now. If you want to make sure you don’t lose your valuable business-vehicle deductions, you need dependable advice and winning strategies. That’s exactly what we’ll provide when you read the full article.