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S-Corp IRS Home Office Deductions & Expenses Intuit

    https://proconnect.intuit.com/articles/home-office-deductions-expenses/
    Business owners may qualify to claim the home office deduction if they have their own business and use a portion of their home as their principle place of business. The S corporation can pay you rent for the home office. The S corporation can pay you for the costs of a home office under an "accountable" plan for employee business expense reimbursement. Accountable plan for s-corporation deductions …

How to Deduct a Home Office as an S-Corp - Amy Northard ...

    https://amynorthardcpa.com/deduct-home-office-s-corp/
    Jul 05, 2017 · If your entire home was 1,500 square feet, you would divide 100 by 1,500. In this case, you would get to deduct 6.7% of your home office expenses by multiplying that percentage by eligible home expenses like mortgage interest or monthly rent, utilities, interest, and repairs. Calculate the total amount of eligible reimbursable expenses.5/5(108)

S Corp Home Office Deductions UpCounsel 2021

    https://www.upcounsel.com/s-corp-home-office-deductions
    Calculate the business use percentage of the home by dividing the office square footage by the total square footage of your home. For instance, in a 1,500 square-foot home, if you have a 10x10 office room, the square footage would be 100. You would then divide 100 by 1,500. This allows you to deduct 6.7 percent of your office expenses by multiplying the percentage by the eligible home expenses in …Estimated Reading Time: 4 mins

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 · The rental arrangement was viewed as an attempt to circumvent the purpose of Internal Revenue Code Section 280A, which limits deduction of expenses allocable to the business use of one’s home. Given that office-in-the-home expenses are not allowable if the office is rented to one’s employer, an S Corporation shareholder-employee used to be able to deduct office-in-the-home expenses …Estimated Reading Time: 2 mins

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