tax home

tax home

A person's principal place of business or employment. Used for determining if travel expenses are deductible,because they are from the tax home to other business locations,or if they are simply nondeductible commuting expenses from the residence to the tax home.

Tax Home

The business location, post, or station of the taxpayer.
References in periodicals archive ?
companies to acquire smaller foreign companies and move their tax home to a foreign jurisdiction as part of the overall transaction to avoid paying U.S.
less than 183 days in the current year and maintain a tax home and close ties with another country, such as Canada.
According to the state, employees would be expected to realize an increase in tax home pay as their federal tax liabilities decline.<br />The 5% tax would be phased in over three years beginning on Jan.
Travel: In Barrett,'' the IRS denied the taxpayer a deduction for business-related travel expenses because it determined that the city the taxpayer traveled to was his tax home. The taxpayer and his spouse resided in Nevada, where the spouse had a job and the couple had several rental properties.
Rauners example of a high property tax home, however, was a little unusual.
One is for the airline industry whose workers are so mobile it was hard to define their tax home. A regulation was needed to close a loophole that enabled some low-cost airlines to pick country with the least costly and generous social security systems and apply those to their crew.
To meet the definition of a "qualified individual," the taxpayer must have his tax home in a foreign country and be:
(4) A person's tax home is considered to be located at his or her "regular or principal place of business." If, due to the nature of an individual's occupation (or because the individual does not carry on a trade or business), the individual does not have a regular or principal place of business, then the person's tax home is his or her regular place of residence.
On each of his tax returns for the years in question, Evans took the position that his tax home was in Russia and excluded his wages earned there from his gross income under Sec.
MILAN, Safar 19, 1436, Dec 11, 2014, SPA -- Carmaker Fiat Chrysler is denying rumors that Italian luxury sports carmaker Ferrari SpA is considering moving its tax home out of Italy as part of a spinoff.
taxes are no higher than the average, there are some tax havens--like Ireland--that are engaged in a race to the bottom, trying to recruit companies to make their country their tax home.) Such a reform would end the corporate stampede toward "inversions," changing a corporation's tax home to avoid taxes.
The price of a foreign tax home for drugmaker AbbVie Inc.