TITLE

Simplified Option versus Regular Method for Home Office Deductions

AUTHOR(S)
Korb, Phillip J.; Williams, Jan L.
PUB. DATE
December 2014
SOURCE
CPA Journal;Dec2014, Vol. 84 Issue 12, p36
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the tax deduction options available for home workers in the U.S. Topics covered include the Revenue Procedure instituted by the Internal Revenue Service (IRS) for calculating the home office deduction, the treatment of depreciation on the taxpayer's home and the factors considered when choosing a method to calculate the home office deduction. Also mentioned is the potential impact of the deduction on an individual's tax liability.
ACCESSION #
100170374

 

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