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Tax Reduction Letter - Q&A: Can a Corporation Reimburse a ...

    https://bradfordtaxinstitute.com/Content/QA-Corporation-Reimburse-Home-Office-IRS-Method.aspx
    Aug 01, 2018 · Q&A: Can a Corporation Reimburse a Home Office with IRS Method? Question When an S corporation makes a reimbursement for the employee-shareholder’s home office, can the employee-shareholder request reimbursement by using the “IRS optional safe-harbor method,” or must the employee request reimbursement of actual expenses? ...

Can Employees Get Reimbursed for Work at Home ... - Nolo

    https://www.nolo.com/legal-encyclopedia/can-employees-get-reimbursed-for-work-at-home-expenses-incurred-due-to-covid-19.html
    The tax law permits employers to reimburse employees for legitimate job-related expenses, including home offices that meet the requirements for the home office deduction. To qualify for the home office deduction, the employee must regularly and exclusively use a portion of his or her home for work--it need not be a whole room.Estimated Reading Time: 6 mins

Tax Reduction Letter - The One Best Way to Claim a Home ...

    https://bradfordtaxinstitute.com/Content/Best-Home-Office-Tax-Deduction-for-Corporation.aspx
    Sep 01, 2011 · When you operate your business as a corporation, knowledge is critical to claiming the best tax deduction for an office in the home. Technically, the owner of a corporation can claim tax deductions for a home office in one of three ways, two of which are pitiful and need rejection. Reject 1. Rent Office to the Corporation

Office-in-the-home Deduction Limitations for S Corporation ...

    https://www.hhcpa.com/blogs/income-tax-accountants-cpa/office-in-the-home-deduction-limitations-for-s-corporation-shareholder-employees/
    Nov 22, 2018 · Rather than not being able to claim an office-in-the-home deduction, an S Corporation shareholder-employee could have the corporation reimburse the expenses properly allocable to the business use of the home. Reimbursement of business expenses is provided for under Internal Revenue Code Section 132.Estimated Reading Time: 3 mins

Paying Rent, Home Office - WCG CPAs

    https://wcginc.com/kb/paying-rent-home-office/
    Jun 18, 2021 · There is a safe harbor provision for home office deductions where you can deduct $5 per square foot. This would be on Form 8829 for LLCs without an S Corp election. However for S Corps where you choose to reimburse yourself for the use of the home office, you cannot use the safe harbor method. You must use actual expenses!Estimated Reading Time: 8 mins

How to Reimburse Yourself From Your Business - Not Your ...

    https://notyourdadscpa.com/deducting-reimbursements/
    May 03, 2019 · Say I personally paid $1,500 for my cell phone during the year. If 60% of the usage was business related, I can deduct $900. Let’s say I had a qualifying home office space that was 300 square feet of my 1,200 square foot apartment. I can deduct $1,500 utilizing the simplified home office deduction method ($5 square foot up to 300 square feet).Estimated Reading Time: 5 mins

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