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home office |
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Home Office A place in one's residence in which one primarily performs tasks associated with self-employment or with one's job for an employer. For example, one may use the second bedroom in one's house as a home office, keeping one's desk, computer, files and so forth there. A home office may be eligible for a home office deduction if the space is used exclusively for business purposes. home office An area of one's residence used for office purposes.Home offices may be eligible for tax benefits—see home office tax deduction. Some states allow real estate brokers to maintain their principal office in their homes under certain circumstances. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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