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Home office Lease
 

You rent a portion of your home that is used for business purposes to the corporation. 2. The corporation pays you rent each month for that portion of the home used for business purposes. 3. The rent paid by the corporation is a business expense and an tax deduction for the corporation. 4. The rent you receive from the corporation is personal income and reported on your individual tax return. 5. However, this personal income to you is easily offset by expenses you incur with the home for the area used by the corporation, such as interest included in the mortgage payment, utilities, taxes, insurance, maintenance and depreciation. This is a great way to save on your personal and corporate income tax. In a typical situation where the rent would be $300 per month, you could easily save $1,200 per year in federal income taxes.

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List Price: $99.00
Price: $79.00

 
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