Caution: Home Office Deduction

Written by Peter Tran

June 29, 2017

If you are the sole owner of an unincorporated business and have not elected to be treated as a corporation for tax purposes, you are consideRed a “sole proprietor” for tax purposes.  Sole proprietors report their business income and expenses on Schedule C, Profit or Loss from Business.  Schedule C then becomes part of the […]

Joy is for the individuals who plan well and seek after. A significant among us have been demonstrated the individuals who have genuine dream to live for likely REALIZE IT. It is just the individual pursuing the DREAM days and night until achievement. There is an expression of proficiency a head of you. Steps and obstructions from the outset appear to be enormous. Be that as it may, just for certain occasions those troublesome advances and difficulties are so natural execution for you. There are too a lot of instruments including VISUALIZATIONS and helps are around you. Pete Tran is here my adored. These are the devices to understand ANY of your HIGH DREAMS come True. I went additional miles for you. It I a take for you. They are the 'Enchantment WONDERS" you can call on. Happiness will be with you. Worldwide has improved numerous perspectives this season of return. Do you recall.. these means well? It will be my actual satisfaction too!

Found great life changing solutions

f you are the sole owner of an unncorporated busness and have elected to be treated as a corporaton for tax purposes, you are consdered a “sole propretor” for tax purposes.  Sole propretors report ther busness ncome and s on Schedule C, Proft or from Busness.  Schedule C then becomes part of the owner’s ndvdual tax return, Form 1040.  Sole Propretorshps are the most common form of busness n the Unted States, makng Schedule C the most common busness form fled wth the RS.

RS Target: Unfortunately, the RS attrbutes much of the Unted States’ “Tax Gap” – the dfference between taxes that should be pad and tax actually reported – to errors sole propretors make on ther Schedule Cs.  The frequency of errors made on Schedule C has made them among the most targeted for RS “revew.” 

n an earler column, dscussed three of the red flags most often waved at the RS by sole propretors: 1) Usng the ncorrect busness classfcaton code, 2) Errors made n reportng ther busness auto use, and 3) Clamng es year after year.  f you mssed ths artcle t s avalable at the or n the artcles secton of  Today, wll revst our “red-flag” dscusson by revewng the 4th major Schedule C red flag: the home offce deducton.

Benefts and Requrements:  Busness owners who do have separate places of busness often have no choce but to perform busness actvtes from ther home.  Those who have a home area that s used regularly and exclusvely for busness may be enttled to take the Home Offce Deducton.  Clamng the Home Offce Deducton allows the busness owner to deduct a porton of many hold s such as mortgage nterest, property taxes, and utltes from busness ncome.  Those who start ther day workng n the home offce may also be enttled to start countng busness mleage from the home nstead of from ther frst busness appontment. 

Unfortunately, many who clam the Home Offce Deducton do so n error.  The frequency wth whch ths deducton s erroneously clamed makes t one of the frst deductons the RS questons.  Ths artcle wll owners ensure ther home offce passes muster f and when t s questoned.

There are two s a workspace must pass to be consdered a home offce for tax purposes:

Exclusve Use : To qualfy as exclusve use, the workspace must only be used for conductng busness.  The area does have to be an entre room.  Part of a room – a desk, char and flng cabnet, for example, that s used strctly and only for busness wll qualfy.  Cauton: The dnner table or a desk shared wth chldren to do ther homework does pass the exclusve use .  Please e that dfferent rules apply to space used to store supples or nventory as well as areas used for daye.

Regular Use : n addton to bg used exclusvely for busness, the workspace must also be used on a consstent bass, ncdentally or occasonally as the owner’s prncpal place of busness.  Ths rule becomes complcated when the busness has more than one busness locaton.  Under these crcumstances, the home workspace must be of “sgnfcantly greater” mportance n provdng the product or servce than any other locaton.

f, however, a busness has no other busness locaton, the offce wll qualfy as the prncpal place of busness when: 1) t s used regularly and exclusvely for management and admnstratve actvtes (such as nvocng and preparng estmates) and, 2) The owner has no other locaton from whch to conduct these actvtes.

Ths artcle has dscussed the basc requrements one must meet to clam the Home Offce Deducton.  There reman, however, many rules, lmts and requrements ncluded n ths artcle.  Please remember: ths or any artcle does consttute or replace the advce of a qualfed professonal.  f you have any questons regardng your taxes or would lke assstance n preparng your tax returns, please feel free to call our offce at (304) 267-2594.

amzn_assoc_placement = “adunt0”;
amzn_assoc_enable_nterest_ads = “true”;
amzn_assoc_trackng_d = “acallreste-20”;
amzn_assoc_ad_mode = “auto”;
amzn_assoc_ad_type = “smart”;
amzn_assoc_marketplace = “amazon”;
amzn_assoc_regon = “US”;
amzn_assoc_lnkd = “01358b91be20242b95628fb5fe5ad2ab”;
amzn_assoc_fallback_mode = {“type”:”search”,”value”:”Today Deals”};
amzn_assoc_default_category = “All”;
amzn_assoc_emphasze_categores = “1064954”;


Happiness is for those who plan well and pursue. A profound among us have been proven those who have true dream to live for likely REALIZED IT. It is just simply the person working toward the DREAM days and night until accomplishment. There is a phrase of efficiency a head of you. Steps and obstacles at first seem tremendous. However, just with some times those difficult steps and challenges are so easy performance for you. There are also plenty of tools including VISUALIZATIONS and helps are around you.



You May Also Like…



  1. canadian pharmacy king - canadian pharmacy king WALCOME
  2. buy viagra online usa - buy viagra online usa WALCOME
  3. how to buy viagra online - how to buy viagra online WALCOME
  4. buy viagra uk forum - buy viagra uk forum WALCOME
  5. how can i buy genuine viagra online - how can i buy genuine viagra online WALCOME
  6. best place to buy viagra online with bitcoin - best place to buy viagra online with bitcoin WALCOME
  7. Cialis 40mg pills - Cialis 10mg coupon
  8. levitra vs viagra - levitra vs viagra WALCOME
  9. cheapest ceclor 250 mg - order ceclor
  10. es malo tomar viagra si no se tiene problemas de ereccion - es malo tomar viagra si no se tiene problemas de ereccion WALCOME
  11. casino online games for real money - play online casino real money
  12. cheapest car insurance quotes ever - personal car insurance
  13. car insurance price - gap insurance quotes
  14. collector car insurance quotes - geico car insurance quotes official site
  15. can cbd oil help with pain? - blood bruises under skin cbd oil
  16. cbd hemp oil for sale - cbd oil for pain dosage
  17. professional essay writing services - argumentative essay writer
  18. buy essay - kindergarten homework packet
  19. uk essay writing services - help with statistics homework
  20. clozaril 50 mg uk - where can i buy clozaril 25 mg
  21. coreg 3,12mg medication - buy coreg
  22. ddavp 10 mcg medication - ddavp 0.1mg without a prescription
  23. garcinia cambogia caps united states - cost of garcinia cambogia caps
  24. lopressor united states - lopressor pharmacy
  25. meclizine 25 mg united states - meclizine united states
  26. proscar 5 mg pills - proscar 5 mg pills
  27. provigil 200mg usa - provigil 200mg purchase
  28. pulmicort 100 mcg without a prescription - where to buy pulmicort 100mcg
  29. risperdal tablet - risperdal 4 mg without a doctor prescription
  30. robaxin online - how to purchase robaxin 500 mg
  31. how to buy singulair 4mg - singulair canada
  32. skelaxin 400 mg united states - skelaxin for sale
  33. thorazine generic - thorazine united states
  34. zyvox canada - zyvox 600 mg medication
  35. anastrozole cost - anastrozole 1mg coupon
  36. how to purchase clonidinemg - clonidine 0.1 mg generic
  37. where to buy celecoxib 200mg - celecoxib 100 mg medication
  38. prochlorperazine 5mg united states - prochlorperazine 5mg tablets
  39. doxycycline 100 mg no prescription - doxycycline uk
  40. bisacodyl tablet - bisacodyl 5mg without a prescription
  41. amitriptyline united states - amitriptyline 25 mg nz
  42. permethrin no prescription - cost of permethrin 30g
  43. estradiol purchase - estradiol 2mg united states
  44. fluticasone 50mcg medication - fluticasone 50mcg generic
  45. alendronate 70mg uk - cost of alendronate
  46. glipizide online pharmacy - glipizide 10mg prices
  47. isosorbide 60mg over the counter - isosorbide 20mg over the counter
  48. sumatriptan 50 mg generic - sumatriptan 100 mg tablets
  49. how to purchase propranolol - propranolol prices
  50. levothyroxine mcg without a prescription - cheap levothyroxine mcg
  51. metoprolol coupon - where to buy metoprolol 100 mg
  52. buy clotrimazole - how to buy clotrimazole

Submit a Comment