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.

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Definitions:

Binocular Disparity

The difference in image location of an object seen by the left and right eyes, contributing to depth perception.

Ocular Disparity

The difference in the visual images that each eye perceives because of the eyes' horizontal separation, which is used for depth perception.

Visual Reference

An object, document, or display that one can look at to obtain information or inspiration.

Binocular Disparity

The difference in image location viewed by the two eyes, which contributes to stereopsis and depth perception.