Simplified Home Office Deduction

Jul 6, 2014 | Larry | business expenses, deductions, depreciation, IRS, office in the home, simplified home office deduction

The simplified home office option took effect starting January 1, 2013. Use of this option allows the taxpayer who uses a home office for business to deduct the space without maintaining expense records. It is recommended by the IRS as a viable alter

A Brief Primer on the Home Office Deduction

May 27, 2014 | Larry | business expenses, deductions, depreciation, IRS, office in the home, Taxes

One of the most misunderstood and neglected business deductions is the home office. Both tax professionals and clients oftentimes are reluctant to take this valuable deduction. It is unfortunate, because the home office deduction is both valuable and

Ten Facts about Amended Tax Returns-IRS Tax Tip

May 2, 2014 | Larry | Amended tax return, business expenses, credits, deductions, interest, IRS, State taxing authority, Taxes

Issue Number: IRS Tax Tip 2014-51 Inside This Issue Do you have an uneasy feeling that you overpaid taxes in a previous year? If your gut feeling rings true, it is possible to file an amended tax return. You generally have