Office In The Home

Office in the Home IRC§280A I. Trade or Business Requirement A. Office must be used in the Taxpayer’s trade or business. 1. Not for investment expenses. B. Principal Place of Business 1. A place of business that is used by the taxpayer for the administrative or management activities of the business if there is no […]

Preparation for IRS Audits

The new view of the IRS is: “Service + Enforcement = Compliance”. Overview The IRS has over 100,000 employees who are divided into Operating Divisions which are based upon the type of taxpayers that are handled. Operating Divisions Wage & Investment (W & I) A. Wage & Investment income. Over 120 Million Taxpayers Pay Taxes […]