3 results for tag: Home Office Expenses
Home-Office Deduction If You Operate as a Corporation
Question
What does the IRS audit manual say about the home office for an individual who operates his or her business as a corporation?
Answer
You will be interested in two boilerplate explanations from the Internal Revenue Manual that examiners use to explain why the IRS is denying the home-office deduction:
We [the IRS] have disallowed your deductions for office-in-the-home expenses because you have not established that it was for the convenience of your employer. Voluntary, vocational, or incidental use of part of your home in connection with your employment does not entitle you to a business deduction.
If you rent all or part ...
Amplified: 10 Tax Strategies for S Corporations: What, How, Where
Parts of this article are published with permission from Bradford Tax Institute, © 2021 Daniel Morris, Morris + D’Angelo
Question
In last week's article "10 Tax Strategies for Schedule C Taxpayers: What, How, and Where", you discovered 10 Tax-Saving Strategies for Schedule C taxpayers, and you also know exactly where on and in the tax return you should record these tax breaks.
Do you have a similar resource for S Corporation Tax Strategies?
Answer
We do now, thanks to your question.
In our new PDF titled “10 Tax Strategies for S Corporations: The What, How, and Where”, we provide you with 10 tax-saving strategies that will ...
10 Tax Strategies for Schedule C Taxpayers: What, How, and Where
Parts of this article are published with permission from Bradford Tax Institute, © 2021 Daniel Morris, Morris + D’Angelo
At Morris + D'Angelo, we pride ourselves on providing you not only with information on what Tax-Saving Strategies to use but also with the knowledge and experience on how to implement these Tax-Saving Strategies.
With the resources in this article, we go one step further—we show you where in the tax return you should record these tax breaks (Website download).
In this article titled “10 Tax Strategies for Schedule C Taxpayers: What, How, and Where”, we provide you with 10 Tax-Saving Strategies that put money in ...