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https://www.nolo.com/legal-encyclopedia/can-employees-get-reimbursed-for-work-at-home-expenses-incurred-due-to-covid-19.html#:~:text=The%20tax%20law%20permits%20employers%20to%20reimburse%20employees,for%20work--it%20need%20not%20be%20a%20whole%20room.
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https://proconnect.intuit.com/articles/home-office-deductions-expenses/
If you are an employee of your own one-man corporation, whether a regular "C" corporation or a "sub-chapter S" corporation, you have several choices for handling the costs of a qualifying home office: You can deduct the costs of a home office if you are filing a Schedule C. Under the Tax Cuts and Jobs Act (TCJA), employees working remotely can no longer deduct home office …
https://bradfordtaxinstitute.com/Content/QA-Corporation-Reimburse-Home-Office-IRS-Method.aspx
When an S corporation makes a reimbursement for the employee-shareholder’s home office, can the employee-shareholder request reimbursement by using the “IRS optional safe-harbor method,” or must the employee request reimbursement of actual expenses? ... Log in to view full article. Log in to view full article. Please answer this question:
https://moneydoneright.com/taxes/business-taxes/s-corporation-pay-rent-home-office/
The solution is to set up an accountable plan under Treas. Reg. §1.62-2(d)(1) through which your S corporation can reimburse you for all of your home office expenses. You submit a report to your S corp that contains the home office expenses you incurred as an employee of your S corporation (including depreciation deductions).
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/s-corp-home-office-reimbursement-plan-question/00/64320
Report Inappropriate Content. S CORP Home Office Reimbursement Plan Question. No. Unfortunately, the IRS revenue procedure that created the simplified method for the home office expense deduction specifically prohibited using the simplified method for home offices that are reimbursed under reimbursement plans.
https://proactivetaxsolutions.com/renting-your-home-office-back-to-your-corporation/
If you are hoping to achieve a full deduction for use of your home office, keep in mind the following steps: 1 – Do not rent your home office to your corporation. (You read that correctly, but don’t panic.) 2 – Request a letter from the corporation stating that you must find office space. Be sure the letter is on company letterhead, includes a statement that the office space may be …
https://notyourdadscpa.com/deducting-reimbursements/
If 60% of the usage was business related, I can deduct $900. Let's say I had a qualifying home office space that was 300 square feet of my 1,200 square foot apartment. I can deduct $1,500 utilizing the simplified home office deduction method ($5 square foot up to 300 square feet).
https://bradfordtaxinstitute.com/Content/Best-Home-Office-Tax-Deduction-for-Corporation.aspx
Technically, the owner of a corporation can claim tax deductions for a home office in one of three ways, two of which are pitiful and need rejection. Reject 1. Rent Office to the Corporation . Whether you operate as an S corporation or a C corporation, you get minor, zero, or negative benefit when you rent an office in the home to your corporation.
https://www.cnbc.com/2020/06/03/companies-are-paying-for-their-workers-home-offices.html
Basecamp, a software company headquartered in Chicago, offers workers $1,000 to get their work station up and running at home, and online textbook company Chegg pays its remote workers' monthly ...
https://www.journalofaccountancy.com/issues/2020/may/deduct-home-office-expenses-coronavirus-remote-work.html
Sec. 1. 280A - 2 (i) (5) requires that allocated indirect expenses be allowable in a specific order: Tier 1: Mortgage interest and real estate taxes; Tier 2: Allocated expenses that would otherwise be deductible business expenses, such as repairs, maintenance, utilities, and insurance; and. Tier 3: Depreciation.
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