Hello there,I have a quick question regarding home office expenses.Usually, my personal CPA writes off my home office expenses. I have a corporation and the taxes for this corporation are done separately by our corporate CPA. We were told this year that we should be "renting" our home offices to the corporation. This could include expenses for renting the office, a portion of my utilities costs, etc. If I do this, I obviously won't have the home office write off. I was wondering which would be a better option? Renting the home office back to the corporation, or using the home office deduction on my taxes? My gut is that cash in hand is usually king... but I'm not the sharpest tool in the tax shed (which is why I frequent Fool.com!).Any help would be appreciated. ;)Thank you and happy holidays!
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat