Regarding the New Simplified Method of Computing the Office in the Home

question 162

Essay

Regarding the new simplified method of computing the office in the home deduction, comment on the following independent factors.
a. Taxpayer has set aside 400 square feet for use as an office.
b. Taxpayer has repainted and recarpeted the office area.
c. In past years, taxpayer has always taken the deduction using the regular (actual expense) method.
d. The net income from the business is not large.

---

Definitions:

REM Paralysis

A phenomenon during the REM (Rapid Eye Movement) sleep phase where the body is temporarily paralyzed, preventing the sleeper from acting out dreams.

Memory

The faculty by which the mind stores and remembers information.

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, relatively inhibited sensory activity, and inhibition of nearly all voluntary muscles.

Premenstrual Syndrome

A collection of emotional symptoms, with or without physical symptoms, related to a woman's menstrual cycle.