If you are working from home,Training for Success with Your Internet Business, Article 4, Deductions for use of Home. Articles you may or may not have an area of your home that you refer to as your office. It may be that you make your phone calls from the bedroom and complete your paperwork at the kitchen table and see customers or clients in the family room.On the other hand you may have a separate room in your home which is furnished with a 출장안마, printer, desk, comfortable office chair, phone, filing cabinets etc. from where you conduct all aspects of your business.
While from the point of view of maintaining an efficient office the latter option is probably preferable, many of us don’t have the luxury of an extra room that can be set aside for a home office and we end up working under circumstances much closer to those mentioned in paragraph one.Regardless of how your “office” is set up at home, you may be able to deduct a portion of the operating expenses of your home and treat them as office expenses.
To qualify for these deductions you must use your home or portions thereof regularly and exclusively as your principal place of business for your home based business. Regular and exclusive use means that you can’t just point to a desk in the corner and call it your office. It must be broken in by regular use. This does not mean you have to use it every day, but it must happen frequently enough to show that you are actively engaged in your home based business.
If you think that the regular use of your office might be questioned, keep a log book (see Record Keeping article issued earlier in this series ) recording your home based business activities and business visitors for each day the office is used. You are not required to commandeer an entire room or a separate structure to meet the exclusive test. A portion of a room is acceptable.
Whatever space you do set aside, however, must be used exclusively for your home-based business. You can set aside more than one area of your home for business. For example, one room may be used as an office and another for meeting or entertaining clients. Your principal place of business is where: (1) you conduct the most important activities for that home based business and (2) you spend the most time.
If you meet with clients or deliver goods or services to customers, your principal place of business could be where those meetings or deliveries take place. However, if your home based business has no fixed location, you may deduct expenses for a home office if you use your home to conduct substantial management activities and complete necessary paperwork.
You can have more than one principal place of business if you have separate business activities. For instance, you may be employed and work in your employer’s place of business all day, then return home to run your own home based business on evenings and weekends. Or you may own a business that operates in rented office space and also conduct a second home based business from your home. Your home office expenses will be deductible, because your home is the principal place of operating your home based business. It does not matter if your businesses are closely related or share the same clients, as long as different tasks are involved. Do not bring work home from your employer or another business that does not qualify for the home office deduction, or you could lose the deduction for your home based business activities. You will fail the exclusive use test.
If your business is selling products, you may deduct expenses allocated to areas of your home regularly used for storing your inventory and product samples. Your home must be the only location for the business of selling your products. The exclusive use test does not apply to storage areas, but the space must be a specific, identifiable area. Suppose, for example, that you use a cupboard in your hall to store your inventory. Even if you use the space to store linens as well, it will be deductible as part of your home office.
