The 10 People Most Likely To Be Audited. Are You One Of Them?

March 26, 2013  |  

People Who Claim Home Office Deductions

If you qualify for a home office deduction you can write-off a percentage of everything from real estate taxes to phone bills. But, the rule is clear: to take advantage of this deduction your workspace must be exclusively and regularly used as your main place of business. Make sure you can prove this, the IRS has had great success reducing this deduction during audits to increase the amount of taxes the government is due.

Trending on MadameNoire

Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN