Posted by Andy on Tuesday, March 20, 2012 at 1:52pm.
No, that is incorrect.
To deduct the cost of a home office, the office must be used regularly and exclusively as either the taxpayer's principal place of business or as a place for meeting customers or clients. Employees can only deduct home office expenses if the use of the office is "for the convenience of the employer." In most cases, employee use of a home office is for the employee's convenience, not the employer’s. Therefore, situations in which an employee can deduct home office costs are relatively rare.
thank you so much. can you please check my next question as well
Related Questions
10 grade math.. - Jay can deduct the amount over 7% of his gross income as ...
Acc/ Federal Taxation - If a taxpayer has AGI of $35,000, how much of the ...
Introduction to database design - Given the following complicated business rules...
Acc/ Federal Taxation - If a taxpayer has AGI of $35,000, how much of the ...
Tax Accounting - deduction for AGI Toby, a calendar year tax payer, was employed...
Chilcare - If an employee in your center earns $ 9,500 a year, how much federal ...
tax - At the beginning of 2011, Melissa was permanently transferred from her ...
Corporate Tax - True or False: 1) To prevent triple taxation, a corporation is ...
Accounting - If Tom, an accountant, agrees to provide accounting services to ...
Chenistry check - Can someone check my answer? The question is: In order for the...
For Further Reading