2020 was an extraordinary and challenging year. A Stanford University study found that around 40% of the U.S. workforce is now working full-time from home because of COVID-19. This...
Small Office Home Office (SOHO), a term used to distinguish between small, medium, and large businesses. Technically, SOHO companies have between zero and ten employees, although many...
Using a section of your home for business makes you qualify for some deductions, which Uncle Sam calls the "business use of your home." As long as one meets all the requirements,...
Many taxpayers do not like taking the home office deduction because they fear they might raise some eyebrow from the IRS. Sadly, this is true, especially if you take excessively large...