Search -
The Home Office Deduction (Tax Saving Reports for Small Business, 040)
The Home Office Deduction - Tax Saving Reports for Small Business, 040 Author:Henry Aiy'm Fellman Home Office Deduction: If You're Entitled to It - Take It! Of all the tax saving strategies available to business owners the one which taxpayers are most afraid to take is the Home-Office Deduction. The myth is that taking this deduction is like waving a red flag in front of the IRS and begging to be audited. It is true there are considerations ... more »to take into account before taking the home office deduction; however, fear of being audited is generally not one of them. Topics covered in this Tax Saving Report include: How to qualify for the home-office deduction; Day care services; Inventory storage; How to calculate and maximize the tax savings gained by taking this deduction; Typical expenses included in the home-office deduction; Determining the business portion of your home; Calculate Your Tax Savings; The Selling Your Home Trap; Avoiding The Trap; Audit Proofing the Home Office Deduction. ****** Use our other tax saving reports to keep more of your hard earned money. These cover automobile mileage, business trips, medical deductions, retirement planning and others.« less