The Real Benefit Of the Home Office Deduction (Hint: It’s the Travel Expense)

The Real Benefit Of the Home Office Deduction (Hint: It's the Travel Expense)
I once asked my doctor what he thought about pharma ads and their ubiquitous tagline of “ask your doctor if Xilipum (not a real drug, I hope) is right for you.” He was not a fan. Now that I’m a CPA, I can partially commiserate. Joe Schmo loves to tell our client they should “just ...

1040 Line 24 – Reservists, Performing Artists, etc.

1040 Line 24 - Reservists, Performing Artists, etc.
(This is part of a series looking at various common 1040 questions. To go back to the summary page, click here) Sometimes tax law is confusing on its own, and sometimes the IRS makes it confusing by jamming too much information into one line. 1040 Line 24 qualifies for the latter treatment, with so much information that ...