13 Unlucky Reasons the IRS Will Audit You

Photo By Milan Ilic Photographer From Shutterstock

5. Home Office Deduction

Those who use part of their home regularly and exclusively for business can write-off such things as mortgage interest, insurance, utilities, repairs, and other expenses tied to the business space under the home office deduction.

The home office deduction has always been a questionable deduction despite the fact that more people than ever work from home, says Paul Miller, CPA and founder of Miller & Co. “Eventually the IRS will have to revisit this deduction, but if you take it, you should definitely be prepared to support it,” said Miller.

 

PREV1 ... 45 6 78 ... 14NEXT

Leave a Comment

Your email address will not be published. Required fields are marked *

10 Things Your Boss CAN’T Legally Do To You

5. Promising a paid position to an intern This can be viewed as an illegal and unpaid training period which ca be punished with federal laws. 6. Discriminate They cannot discriminate against any employees based on: religion, color, sex, nationality,

7 Most Murderous Children

We live in a world surrounded by shocking and evil things. We expect the worst from humans, horrific and truly heinous crimes, however, sometimes these come from the ones that we least expect, children. A rocky situation at home, bad

From Our Network: