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Finance

Why You Should Consider Using the Home-Based Office Deduction

- VIP Contributor
Author, Attorney and CPA
Opinions expressed by Entrepreneur contributors are their own.

The home-based office deduction is no longer a red flag for the IRS and entrepreneurs should consider taking advantage of it, says accountant Mark Kohler. To qualify, your principle place of business needs to be located in an exclusive space in your home. 

Future Financial Challenges and Opportunities for Small Businesses