Search Help


Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
June 2012


Word Count:
998

 

 

Renting the Office to Your Business Creates a Self-Rental Trap That Crushes Tax Deductions


Should you own your office building?

 

What if you own the building personally and rent it to your corporation?

 

What if you form a corporation and have the corporation buy the building and then rent it to your proprietorship?

 

How much tax shelter can you create with the building?

 

Four good questions!

 

IRS Audit Target

 

In its audit guide for tax audits, the IRS notes that self-rented property is a frequent audit adjustment. Here is what the IRS tells its field force:

 

Self-rented property is a frequent adjustment, as it is common practice for many professionals to own the property personally and lease it to a corporation ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee



 

SS