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- Title
The Journey of the Business Use of the Home Office Deduction.
- Authors
Recor, Mary
- Abstract
The article discusses the standards in the use of home office deductions when filing taxes. It notes that personal residence expenses are not deductible, excepting interest, taxes and casualty losses. In availing of Internal Revenue Code (IRC) section 280A exceptions, the importance of performed functions at each business location and the comparison of times spent at the latter and at home should reportedly be considered in qualifying the home office as the principal place of business.
- Subjects
INCOME tax deductions for home office expenses; INTERNAL revenue law; HOME businesses -- Taxation; HOME offices; PRINCIPAL place of business; TAXATION; TAX laws
- Publication
CPA Journal, 2011, Vol 81, Issue 9, p6
- ISSN
0732-8435
- Publication type
Article