The Term "Principal Place of Business" Includes a Home Office

question 98

True/False

The term "principal place of business" includes a home office used by a taxpayer for administrative or management activities of the business if no fixed location exists where the taxpayer conducts these activities.

---

Definitions:

Greater Value

refers to qualities or assets that have a higher worth or significance compared to others in a specific context.

Managing Resources

Involves effectively and efficiently planning, organizing, directing, and controlling assets for the attainment of organizational objectives.

Servant Leader

A leadership philosophy in which the main goal of the leader is to serve. This is different from traditional leadership where the leader's main focus is the thriving of their company or organizations.

Altruistic Motivation

Being driven to act out of a desire to help others and improve their well-being without expecting anything in return.