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Subject:  Tax Tip Date:  4/15/2001  7:12 PM
Author:  AHOLLYS Number:  50301 of 129787

Tax Tip
1 days until April 16!
April 15, 2001
Are my home office expenses deductible?

Your home office may qualify if you use it regularly and exclusively as your principal place of business, or the only fixed location at which you perform significant administrative and management activities. If you are an employee, you qualify only if you also maintain the home office for your employer's convenience and you did not receive rent payments for its use. Administrative and management activities may include (but aren't limited to) billing, bookkeeping, placing orders, and contacting customers by telephone. Please contact a tax professional for further information or assistance.

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