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Posted by Ed on April 10, 2007, 9:47 am
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I own a small S-Corp of which I am officially an employee
and operate out of two rooms in my home. Last year my
accountant said my expenses were not sufficient to get a
deduction on Schedule A as an employee expense. As an
alternative I could write a company check to myself for the
direct costs of my home office (primarily a portion of
utilities, as I don't have a mortgage). This seems pretty
simple but I am wondering if there is a downside to this
method, or if there is a better way.
Thanks for any comments.
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