Munster would agree, providing the home office
is properly set up.
Under previous Tax Court rulings, the home office
had to be the "focal point" of the business - the place where services were performed or income was generated.
noted in its study, "Americans Assess the Impact of the Home Office
," that 55 percent of all Americans who do computer work at home have a room used exclusively as an office.
The inception and phenomenal growth of office superstores has also propelled the home office
category by making products more accessible to individuals, vendors say.
Employees qualified only if the home office
was established for the convenience of the employer.
This combination forms a personalized household/business message system for the home office
, allowing callers to leave separate messages for family members or business associates.
The home office
isn't necessarily an entire room or separate unit, but whatever space you designate must be restricted simply to business.
The home office
work area includes a HomeStudio 1600 desk, Black Studio Chair, Space Save Double Filer filling cabinet and a Space Saver Tower shelving system worth pounds 786.
For more information about the home office
deduction, visit your local IRS office, or check out the IRS' Website at www.
Prior to 1999, home office deductions were allowed only if the majority of income was earned at the home office
It's the Rare Taxpayer Who Can Pull Off the Home Office
However, we must examine further to determine if it likewise prohibits the use of the home office
to conduct more than one separate trade or business activity.