Many taxpayers have trouble determining whether they qualify for the home office deduction that the IRS offers. To make the process of determination a bit simpler, a flowchart has been made for your convenience:
If you follow this simple to read flowchart, you will not have a problem deciding whether you qualify for the home office deduction. Of course, once you have determined that you do in fact qualify, you will need to seek out the information to determine the proper amount. In some cases, this can be tricky and you should do as much homework as you can.
A few things to consider before taking the home office deduction can be found here:
About Paul Gaulkin CPA
Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.
