Items Tagged with 'David Ferguson'

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Tax Court Opinion Makes It Easier For Farriers To Deduct Home Office Expenses

While it has been possible in the past for shoers to deduct the cost of an office in the home that is used 100 percent for business purposes, a new U.S. Tax Court opinion may make it possible to do so even if the room is used for some personal uses. But one caution is that this opinion went against the existing tax law, which requires a room be used “regularly and exclusively” for work in order to take a home office tax deduction.
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