Tuesday, January 15, 2013

***BUSINESS USE OF YOUR HOME

If you use part of your home for business, you may be able to deduct expenses for the business use of your home. These expenses may include mortgage interest, insurance, utilities, repairs and depreciation. To qualify, you must meet both of the following tests.

1. The Business part of your home must be used exclusively and regularly for your trade or business. However,... there are exceptions for daycare facilities or storage of inventory/product samples

2. The business part of your home must be:
- Your principal palace of business, or
- A Place where you meet or deal with patients, clients or customer in the normal course of your trade or business, of
- A seperate structure(not attached to your home) used in connection with your trade or business.

For full explanation of your tax deduction for your home office contact:

ADVANCE TAX RELIEF LLC - "WE SOLVE TAX PROBLEMS"
8849 W. BELLFORT, SUITE 356
HOUSTON, TX 77071
Ph: (800)790-8574
Fax: (713)300-3963

www.advancetaxrelief.net  - fill out our contact form or call us, ask for Noah Daniels, EA..
 
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