home office tax deduction: Cut Taxes Using Home Costs Incurred Personally! - 06/16/22 02:38 PM
Has your friend, neighbor or colleague told you that if you take the home office deduction, it will be a “red flag” to the IRS that will trigger an audit? Well, that is just not true!  In order to claim the home office deduction, you MUST QUALIFY, but if you do qualify, there is no reason not to take it. To qualify, you are required to meet 2 tests: regularly used and exclusively used for business.
Regular Use: this test is clear – you use the area on a continuing basis. This doesn’t mean every day, but it is used consistently. … (4 comments)

home office tax deduction: Frisco TX - Qualifying for a Home Office Deduction - 12/27/19 12:50 PM
In some case, entrepreneurs who work from home can write off a portion of their housing and utility expenses.  That's often a big question for our clients in our Richardson, TX tax office, who use part of their home in their business.  If you qualify, it can have a big impact.  For example, a qualifying sole proprietor who uses 25% of her house as an office, can deduct 25% of her rent or mortgage interest, property tax, homeowners or renter’s insurance, and utilities.  Today, we'll cover how to determine if you qualify. 
 
What Are The Rules
To qualify for the home office deduction, entrepreneurs … (2 comments)