The Home Office Deduction in the New Wi-Fi World

How do tax professionals deal with the mobile client in the new world of wireless access when the tax codes still refer to the telegraph as modern technology a taxpayer may use in his or her trade or business? That is the question that James A. Fellows and Michael A. Yuhas tackled in a recent issue of TAXES-The Tax Magazine. They take a close look at how the use of modern technology affects the ever-vexing question of the home office deduction, as well as the sometimes overlooked question of what is the “tax home” of a taxpayer. As you’d expect, facts and circumstances drive these taxation outcomes, but there remain many questions that are unanswered by the current tax law and guidance offered by the IRS. Documentation and careful calculations are critical in this area and Mr. Fellows and Mr. Yuhas walk practitioners through some of the areas they must consider in deciding how various situations should be handled.

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This story is from the CCH’s monthly Focus on Tax newsletter, which provides advise and guidance on federal and state tax issues for tax and accounting professionals.

Read this article from CCH’s Journal of Taxation of Financial Products.


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