Tax Guru-Ker$tetter Letter
Thursday, January 26, 2006
Tax Deductions for Home Office Expenses – From NATP.
I’m constantly amazed at how many people still believe the old urban myth that claiming a home office deduction is a guaranteed IRS audit. With the internet making it possible to do almost anything from home, it’s expected that more people are entitled to claim it. Those folks who have home offices, yet don’t claim it out of fear of the IRS, are more examples of how people are intentionally overpaying their taxes and thus decreasing the infamous tax gap.
Borrowing from Mom and Dad To Buy That First Home – From WSJ