Monthly Archives: January 2013

Safe Harbor Provides Simplifies Option for Claiming Home Office Deduction

Rev Proc 2013-13, 2013-6 IRB, IR 2013-5 In a Revenue Procedure, IRS has provided an optional safe harbor method that individuals can use to determine the amount of their deductible home office expenses, effective for tax years beginning on or … Continue reading

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Payroll tax changes

The temporary payroll tax cut will no longer apply. The two percentage point cut in employee OASDI tax under FICA (from 6.2% to 4.2%) and in the self employed OASDI tax rate under SECA (from 12.4% to 10.4%) expires at … Continue reading

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