Tax Issues to Watch tor When Working From Home


The home-office deduction has always been viewed as one of those things that very few taxpayers qualify for, and a deduction that was sure to get you audited.  Times have changed, and court cases and revised rulings have made this a much more mainstream deduction, that qualifying taxpayers should take advantage of. 

However, although it can be a boon to the self-employed and other qualifying taxpayers, it still can be an Internal Revenue Service audit hazard if not properly claimed. This article provides a great summary of the basic rules. Journal of Accountancy


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