The Home Office Trap
The home office deduction can be a valuable tool for business owners, but the rules are specific and unforgiving. The either/or dilemma is often between taking the deduction and risking an audit vs. following the specific rules for a defensible claim. A Safe business follows the rules.
To deduct expenses for the business use of your home, you must generally meet two primary tests: The 'Use Test' and the 'Business Connection Test'. To qualify under the exclusive use test, you must use a specific area of your home only for your trade or business. This specific requirement is designed to ensure you safely meet the specific IRS requirements.
Download the S3 Home Office Deduction Qualifier now to confidently claim your deduction: https://www.safesimplesound.com/the-s3-home-office-deduction-qualifier/.
DISCLAIMER: This content is for educational purposes only and should not be considered personalized financial advice. Always consult with a qualified financial professional before making financial decisions.