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 Expenses for Business Use of Your Home RegInfo Gov 2020

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if you have an Corporation to get that home office deduction you need to set up what's called an accountable plan what you're doing is creating a policy such that you would get your company would reimburse you for use of the home so for example if you're the sole owner of the corporation but you do work out of home corporations don't have specific home office deduction like a c's do but you create the accountable plan which is putting in writing that the company is going to reimburse you for use of your home so in instance let's say if you're using your home um let's say that that same 10% that we spoke about before comes out to roughly $600 a month so then the corporation would then pay you that $600 a month um the company gets to treat it as rent so they get the deduction on the company return and then in turn it's not taxable income to you it's a reimbursement

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