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The Best Way to Claim a Home Office Tax Deduction for the ...

    https://philadelphiacpa.com/post/the-best-way-to-claim-a-home-office-tax-deduction-for-the-owner-of-a-corporation
    Feb 04, 2014 · The corporation deducts the $10,000 as an office space expense. You, the employee-owner, have no taxable income for your employee expense reimbursement. (Presto: Full home-office deduction achieved.) Accountable Plan. For this to work, you need to use an accountable plan. The accountable plan requires that you, the owner-employee, must

“No Place Like Home” Office Deduction

    https://www.americanbar.org/groups/business_law/publications/blt/2016/05/11_boyd/
    May 20, 2016 · A C-corporation may deduct payments made for the lease of a home office, under IRC section 162, as rental payments – if they are ordinary and necessary to the corporation’s trade or business. In turn, employee lessors must report these rental payments as income on Schedule E (attached to Form 1040) without any offsetting home office deduction – due to the limitation under …

Tax Reduction Letter - The One Best Way to Claim a Home ...

    https://bradfordtaxinstitute.com/Content/Best-Home-Office-Tax-Deduction-for-Corporation.aspx
    Sep 01, 2011 · Technically, the owner of a corporation can claim tax deductions for a home office in one of three ways, two of which are pitiful and need rejection. Reject 1. Rent Office to the Corporation. Whether you operate as an S corporation or a C corporation, you get minor, zero, or negative benefit when you rent an office in the home to your corporation. IRC Section 280A (c) (6) disallows tax deductions for the home office …

S-Corp IRS Home Office Deductions & Expenses Intuit

    https://proconnect.intuit.com/articles/home-office-deductions-expenses/
    You can deduct the costs of a home office if you are filing a Schedule C. Under the Tax Cuts and Jobs Act (TCJA), employees working remotely can no longer deduct home office expenses on their tax returns to the extent they exceeded 2% of adjusted gross income (AGI). Business owners may qualify to claim the home office deduction if they have their own business and use a portion of their home as their principle place of business. The S corporation can pay you rent for the home office.

C Corporation Home Office Addition - Ask TaxGuru

    http://www.asktaxguru.com/10599-c-corporation-home-office-addition.html
    Apr 19, 2014 · your business is in the form of a C-Corp, the C-Corp can pay you a fair market rent for the use of the space as C-Corporation Rent. This is a deduction for the corporation...but ALSO income for you on your personal tax return. You may off-set this rent by …

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