Assertion: home office | /r/HasProperty | principal place of business
Facets:
value: in a particular case
type: TEMPORAL
value: generally
type: DEGREE
value: for both businesses
type: TRANSITIVE-OBJECT
value: in order to qualify
type: PURPOSE
value: regardless of
type: OTHER
value: in order to claimed a home office deduction
type: PURPOSE
value: for more than one business activity
type: TEMPORAL
Source sentences:
text: Since the relative importance of the work done at each location is essentially equal, the IRS applies the "time" test and decides his home office is the principal place of business .
text: However, most small or micro-businesses have office space at a location outside the home, so the fourth requirement that the home office be the principle place of business is the most crucial issue.
text: (b) Although no one test is always determinative and each case turns upon its particular facts, there are two primary considerations in deciding whether a home office is the principal place of business.
text: Because the standard followed by the Court of Appeals for the Fourth Circuit failed to undertake a comparative analysis of the various business locations of the taxpayer in deciding whether the home office was the principal place of business, we reverse.
text: In determining the proper test for deciding whether a home office is the principal place of business, we cannot [506 U.S. 168, 175] develop an objective formula that yields a clear answer in every case.
text: Whether the functions performed in the home office are necessary to the business is relevant to the determination of whether a home office is the principal place of business in a particular case, but it is not controlling.
text: While that factor may be relevant in deciding whether an employee taxpayer's use of a home office is "for the convenience of his employer," 280A(c)(1), it has no bearing on the inquiry whether a home office is the principal place of business.
text: But any taxpayer's home office that meets the criteria here set forth is the principal place of business regardless of whether a different office exists or might have been established elsewhere.
text: The same home office can be the principal place of business for two or more separate business activities.
text: Whether your home office is the principal place of business for more than one business activity must be determined separately for each of your trade or business activities.
text: In determining the proper test for deciding whether a home office is the principal place of business, we cannot develop an objective formula that yields a clear answer in every case.
text: Whether the functions performed in the home office are necessary to the business is relevant to the determination of whether a home office is the principal place of business in a particular case, but it is not controlling.
text: While that factor may be relevant in deciding whether an employee taxpayer's use of a home office is "for the convenience of his employer," § 280(c)(1), it has no bearing on the inquiry whether a home office is the principal place of business.
text: If the taxpayer uses the same area of the home as the principal place of business for two or more separate business activities, the home office must be the principal place of business for both businesses in order to be claimed a home office deduction; if only one activity qualifies under IRC section
text: In order to qualify, the home office must be the principal place of business, or the place where the landlord actually meets people, such as prospective tenants, vendors, etc., or a detached structure on the same property as the home which is used exclusively for the business.
text: Although there are some important exceptions to this rule, generally the home office must be the principal place of business.
text: then I think Dr. Bob is going to have a very weak case for arguing that his home office is the principle place of business.