Home Office Deduction for Corporations

10/12/2019

If you filed your business income and expenses as a proprietor in 2017 and reported $100,000 or more in gross receipts, your chance for an audit by the taxing authority were 2.4 % (by the way those audits can still happen meaning your percentage could increase). Had you reported this income as an S corporation your chance of audit were 20%.

If you are paranoid about audits, and you want to claim the home-office deduction in a way that doesn't attract the attention of the IRS, then you need a plan. Spencer Accounting Group, is where innovate tax solutions and businesses come together.

We will tax do a deep dive into proven strategies to ensure your home office deduction does not even appear as a home office label and its perfectly legal.

Schedule your Tax Strategy Today!

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Important Disclosures

Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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Author

Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.

Keana founded this website and decided and created this blog page to offer a space for those seeking knowledge to understand, however not to be confused with advice or planning strategies.

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