Question
I used to operate my business as a single-member LLC, but recently made an S corporation election. I never had an issue deducting my home-office expenses on my proprietorship tax return, but now that I’m operating as a corporation, I want to make sure I get the same benefit with my S corporation.
How can I make sure the IRS doesn’t “take away” the home-office tax deduction from me?
Answer
Welcome to your new S corporation world of tax strategy, where you encounter additional rules that you need to know and follow to ensure that home-office deduction. ... Log in to view full article.