How to Deduct Home Office - S Corporation
Channel: EA Tax Resolutions
Date: 2022-12-08

In this video we go over everything to get a home office deduction for an S-Corporation. The need for an accountable plan, How to calculate the home office expense for a renter and homeowner, How to get the home office tax deduction, and last but not least some additional things you should know. Enjoy!

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00:00 Introduction
00:25 Accountable Plan
01:25 How to calculate the home office expense
03:17 How to calculate the home office expense – Homeowner
06:09 How to get the home office tax deduction
07:02 Additional things to know

Links:
Accountable Plan Sample:
https://proconnect.intuit.com/taxprocenter/wp-content/uploads/2017/09/a21e5-accountableplanagreement.pdf

Form 8829 - Expenses for Business Use of Your Home
https://www.irs.gov/pub/irs-pdf/f8829.pdf
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🔴 S Corporation for Dummies: https://youtu.be/lsrpDFgicOU
🔴TurboTax Business Tutorial - S Corp - 2021: https://youtu.be/faYxkD-_D8k
🔴 How to Match QuickBooks Balance Sheet to S-Corp Tax Return - Distribution: https://youtu.be/Q2iwImTb1mk
🔴How to get EIN for LLC: https://youtu.be/1Y0LA6CUsJk

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

#IRS #smallbusiness #tax