What Is The New Home Office Deduction?

The new deduction for people that work from home could save taxpayers money and time when it is time to file tax returns. There are millions of people that work…

Home Office Deduction | Video

Home Office Deduction | Video

In this short video, Sanjiv Gupta CPA discusses the “Home Office Deduction”. What is considered as Home Office ? Please consider the IRS definition for Home Office. Whether you are…

Deducting Rent Payments

Deducting Rent Payments

Keywords that should come to your mind is “reasonable in amount”.   If you are renting from your family or friends than you should ensure that rent is a reasonable amount. …