Taking a home-office deduction might flag you for an Internal Revenue Service audit. But don’t let that stop you. If you play by the rules you can stand up to the IRS and save a bundle, especially if you use your Home Office for many years. For starters No one is crying for Marvel Studios and the force is still strong with the box office power of the MCU DreamWorks Animation's "Home" pulled in $3.3 million for $158.1 million in the U.S. It has not fared as well overseas earning just $145.3 million To claim the home-office deduction, or not to claim? That’s a decision millions who work at home are wrestling with now. On the other hand, filing for the deduction is notoriously complex. Several years ago, I spent hours agonizing over the 43-line Form Claiming a tax deduction for your Home Office is about to get a lot easier. Considered one of the biggest audit red flags, the deduction can be claimed if your Home Office is your primary place of business and is used exclusively for work. However, the It's the sexiest and scariest of deductions, and it's often shrouded in mystery. It's the home office deduction, and rumors abound about who qualifies, how it's calculated and whether taking it automatically flags an IRS audit. Unlike more obvious The Dell XPS 13 is great if you're looking for a high-powered laptop. (Photo: Dell) Whether you work from home, telecommute a couple of days a week or run a small business, you'll want the right gear to remain productive and competitive. Columnist Marc .
(If you’re self-employed, you claim it on Schedule C, Line 30; if you’re employed for someone else, but use a home office, you claim it on Schedule A, Line 21.) Previously, the only way to claim the deduction required filling out Form 8829, a 43-line Taxpayers tend to shy away from taking the home office deduction, assuming that they will be targeted for increased scrutiny from the IRS. That is certainly possible, especially if your deductions are unusually large – but if you truly were entitled to Office 365 Home Premium comes with five licenses to Office Professional 2013, which includes the core Office applications—Word, Excel, PowerPoint and OneNote—as well as Outlook, Access, and Publisher. It also includes Office on Demand, 20 GB of The Home Office has won an appeal against a tribunal decision to award £224m to supplier Raytheon over the cancellation of its e-Borders contract. In court judgments on 19 December 2014 and 17 February 2015, both made public today (17 February 2015), Mr .