Briefly compare and contrast the traditional home-office deduction with the new (since 2013) “simplified” home office deduction. Would you recommend one vs. the other to most of your tax return clients? Why or why not? Note: Mysteriously, your textbook authors do not mention the new simplified method. But see Schedule C [previously posted in eLearning], line 30. And search irs.gov for Form 8829 if you care to see the traditional method for computing the deduction.

Briefly compare and contrast the traditional home-office deduction with the new (since 2013) “simplified” home office deduction. Would you recommend one vs. the other to most of your tax return clients? Why or why not? Note: Mysteriously, your textbook authors do not mention the new simplified method. But see Schedule C [previously posted in eLearning], line 30. And search irs.gov for Form 8829 if you care to see the traditional method for computing the deduction.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter16: Tax Research

Section: Chapter Questions

Problem 41P

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Subject - account Please help me. Thankyou.
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