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https://proconnect.intuit.com/articles/home-office-deductions-expenses/
Business owners may qualify to claim the home office deduction if they have their own business and use a portion of their home as their principle place of business. The S corporation can pay you rent for the home office. The S corporation can pay you for the costs of a home office under an "accountable" plan for employee business expense reimbursement. Accountable plan for s …
https://buildaccounting.com/claim-the-home-office-deduction-as-an-s-corp/
This favorable tax benefit allows business owners to deduct a portion of their home’s rent, utilities, mortgage interest, and property taxes. This deduction is commonly claimed on the Form 8829 of an individual’s 1040 tax return. Since this schedule only applies to an individual tax return, what should you do if your business is an S corporation? Don’t worry, if …
https://www.upcounsel.com/s-corp-home-office-deductions
S Corp home office deductions can be accomplished on your own. Many taxpayers have trouble with this area, and they fear that such deductions could trigger an IRS audit. For business owners who restructured their businesses as an S Corp, a home office deduction can get complicated, and many avoid doing so entirely.
https://amynorthardcpa.com/deduct-home-office-s-corp/
Here are the steps you need to take to deduct your home office as an S-Corp. You must complete an accountable plan. This plan will outline which expenses will be eligible for reimbursement, and how they will be paid. You may download a sample accountable plan below.
https://www.fool.com/knowledge-center/how-to-calculate-the-deduction-for-an-s-corp-home.aspx
Ways to get a deduction There are two ways S corporation owners can get a tax benefit for their home-office expenses. One is to claim a miscellaneous itemized deduction for unreimbursed employee ...
https://evergreensmallbusiness.com/s-corporation-home-office-deduction-revisited/
Normally, you can’t cleanly take a home office deduction on an S corporation tax return. Unlike the situation with a sole proprietorship and that 8829 form mentioned a moment ago, no tax form exists for throwing a home office deduction onto an S corporation tax return.
https://www.irs.gov/newsroom/how-small-business-owners-can-deduct-their-home-office-from-their-taxes
Expenses that relate to a separate structure not attached to the home may qualify for a home office deduction. They will qualify only if the structure is used exclusively and regularly for business. Taxpayers who qualify may choose one of two methods to calculate their home office expense deduction: The simplified option has a rate of $5 a square foot for business use …
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-to-deduct-s-corp-home-office-business-expenses-on-1040-joint-return/00/1663771
Unfortunately, as an employee of your S-Corp, you cannot claim either the home office deduction or unreimbursed expenses. Nothing can be done for tax year 2019. But you can set up an accountable plan with your S-Corp now and in 2020, submit an expense for your home office expenses for both 2019 and 2020.
https://www.irs.gov/newsroom/heres-what-taxpayers-need-to-know-about-the-home-office-deduction
Expenses that relate to a separate structure not attached to the home will qualify for a home office deduction. It will qualify only if the structure is used exclusively and regularly for business. Taxpayers who qualify may choose one of two methods to calculate their home office expense deduction: The simplified option has a rate of $5 a square foot for business use of the …
https://www.journalofaccountancy.com/issues/2020/may/deduct-home-office-expenses-coronavirus-remote-work.html
The home office deduction is computed by categorizing the direct vs. indirect business expenses of operating the home and allocating them on Form 8829, Expenses for Business Use of Your Home. Direct expenses can be fully deducted. For instance, the costs of carpeting and painting the home office room are 100% deductible.
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