Here’s a report from the McClatchy-Tribune News Service on where to look for tax information for your in-home business.
Several benefits accompany running a business from home — especially when it comes to tax deductions.
But the rules governing home-based business deductions aren’t always easy to understand, and they require good record-keeping.
If you own and operate a business out of the home, it would pay to learn all you can about home-based business tax deductions. Here are a few places on the Web that offer such information:
Bankrate.com. Discusses requirements for home office deductions. Click here
CompleteTax.com. Covers range of home-office deduction topics, including qualifying for the deduction and home-office depreciations. Click here
Financial Web. Spotlights tax tips for home offices and links to IRS forms. Click here
Investopedia. Serves up criteria for making home-office tax deductions. Click here
Work.com. Provides guide to home-office deductions, with action steps, tips and tactics. Click here
Talk to us
> Give us your news tips.
> Send us a letter to the editor.
> More Herald contact information.
