The IRS is reminding taxpayers that it has unveiled a “simpler option” to figure the business use of a home.

The simplified option does not change the rules for who may claim a home office deduction but simplifies calculation and recordkeeping requirements, but it should make it simpler to file for and claim it.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access