On The Money: Bone up on tax tips for in-home business

Several benefits accompany running a business from home - especially when it comes to tax deductions.
But the rules governing home-based business deductions aren't always easy to understand, and they require good record-keeping.
If you own and operate a business out of the home, it would pay to learn all you can about home-based business tax deductions. Here are a few places on the Web that offer such information:

-Bankrate.com: Discusses requirements for home office deductions. http://www.bankrate.com/finance/money-guides/work-from-home-deduct-your-home-office.aspx

-CompleteTax.com: Covers range of home-office deduction topics, including qualifying for the deduction and home-office depreciations. http://www.completetax.com/taxguide/text/c60s15d370.asp
-Financial Web: Spotlights tax tips for home offices and links to IRS forms. http://www.finweb.com/taxes/tax-tips-for-home-based-business-owners.html
 
-Investopedia: Serves up criteria for making home-office tax deductions. http://www.investopedia.com/articles/pf/08/home-office-tax-deduction.asp

-Work.com: Provides guide to home-office deductions, with action steps, tips and tactics. http://www.work.com/home-office-tax-deduction-373/

 

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