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FREE Tax Tips and Updates

Browse our blog for helpful tax planning and preparation information.

Spouse Invasion of Home Office

6/25/2019

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Home Offices provides a tax benefit. That’s the result you achieve when you claim an office in your home. 
 
You must qualify for the home-office deduction, in order to tax the deduction. One of the qualifications is no spouse and only one business.  However, most of us are serial entrepreneurs whom are married.  Adding a spouse or another business to the equation and this deduction can become more complicated.

  • There are specific tax law rules that must be adhered to in order to have one than one business use of your office space.
  • There are also very specific rules to follow if you are married.
 
The IRS will disallow your home office deduction if you don't follow the rules.

As your business continues to grow, I wanted to make sure that you were aware of these rules. 
 
If you want to ensure you are following the rules, please don’t hesitate to contact us for Tax Strategy Session.  We will put together a tax plan for you.

Schedule Your Appointment 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.

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    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.
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    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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