As a result, today the Service issued Revenue Procedure 2013-13, which provides a safe harbor method that greatly simplifies the home office deduction process.
FORBES: Deducting Your Home Office (Read: Couch) Just Got A Whole Lot Simpler
It's important to note that these vulnerabilities are only potential ones and that Internet telephony is largely a safe and secure method of communication.
Since then scientists at Los Alamos National Labs and MIT have concluded that, with more study, it could be a very safe disposal method.
"This decision is a step in the right direction for increased access to a product that is a safe and effective method of preventing unintended pregnancies, " said Sen.
We use a smarter method to compute the safe spending rate from retirement assets.
Others prefer a more old-fashioned method like keeping everything written down and in a safe.
Similarly, if you carry an unused deduction from a year you used the actual expense method into a year in which you use the safe harbor, you may not use that carryover to reduce the income in the safe harbor year.
FORBES: Deducting Your Home Office (Read: Couch) Just Got A Whole Lot Simpler
An enlargement of the safe zone requires a new style and method of command.
While the safe harbor method has its benefits, a taxpayer might have to accept sacrifices, too.
FORBES: Claiming A Home Office Deduction? It's Much Easier This Year, Here's How
Taxpayers can opt for the safe harbor method or the regular method on a year to year basis, however once the election is made for any given tax year it is irrevocable.
FORBES: Claiming A Home Office Deduction? It's Much Easier This Year, Here's How
Operators participating in a Commission-approved safe-harbor program may use any consent method approved by the program.
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