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Old 07-06-2008, 03:47 PM
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Join Date: Jul 2008
Posts: 9
C Corp and home office dilema

My husband and I run our business out of our house, but know that he is becoming more profitable taxes were getting bigger, we always used the home office deduction. So we incorporated as a C Corp and I am going to place the lease and all utilities in the C Corp name. I would like to use the whole house as office because we just work and sleep, its barely a home.

So I am wondering if it is better to by pass the home office deduction , let Corporation have the lease for the business
1. have the C Corp rent the property back to us for living space
2. call the leased property all business and rent a small apt and call it home,
even though we will still occupy the home
3. or have the C Corp pay all expenses and say its for the company interest that we live where we work

Home office deduction seems like I am getting ripped off considering we work 15 hrs a day

help



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