IRS Small Business Tax Workshop: Part Four
The purpose of this workshop is to assist small businesses in filing their taxes. It's no small feat, but we're here to help!
Lesson 4: Business Use of Your Home
- Simplified home office deduction
- Qualifying for business use of the home deduction - exclusive use test
- Regular use test
- Principal place of business test
- Activities that don't disqualify your home office
- Meeting place for customers test
- Deduction limits
- Types of expenses
- Expenses related to the business activity in the home
- Business use of the home expenses
- Deductible expenses
- Deduction limits - gross income
- Example - determining the home office deduction
- What you can't do
- Selling your home when you used it for business
- Illegal tax avoidance schemes
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Details
Audience
Community
Faculty
Staff
Students
Location
Small Business Center
Event
Workshops & Trainings
Event Tags
Small Business