How to Qualify For The Business Use Of Your Home Deduction

**This event will be online only**

Many small business owners use part of their homes for business purposes, such as meeting and billing clients, keeping the books, storing product samples, and so on. Did you know that you may be able to deduct expenses related to the business use of part of your home if you meet specific requirements?

In this program, Susanne Guo and Yong Li provide information on calculating and claiming the deduction for business activities in the home. Learn about the IRS requirements that you must meet to qualify for a deduction, including how to determine the business percentage of home use, the types of expenses you can and cannot deduct, and where to deduct the expenses on your return.

Presented in partnership with the Asian American Federation

About the Presenters:

Yong Li is a bilingual Stakeholder Liaison Tax Specialist with the Internal Revenue Service. As a bilingual Chinese Stakeholder Liaison, he collaborates, informs and communicates priority outreach messages to all taxpayer communities, including major employers, community associations and tax practitioner organizations to provide significant messages that impact taxpayers to ensure compliance with the tax laws.

Yong became a Stakeholder Liaison in 2021. Prior to that, he has held positions in IRS Small Business Self Employed Division as a Revenue Agent in field exam, tax return selection, and case processing. He has worked for the IRS for over 15 years. During this period of time, he has gained many skills and expertise on the whole life cycle of the tax returns from filing and processing of the returns, exam selection, field exam, to post-exam case processing.

Susanne Guo is a Sr. Stakeholder Liaison and Bilingual Tax Specialist with the Internal Revenue Service (IRS) She is fluent in both Cantonese and Mandar in Chinese and is a licensed Certified Public Accountant in state of California. Before her current role, Susanne worked as a Revenue Agent in the Small Business and Self-Employed field exam and was a member of the Abusive Tax Transaction Specialty Group.

With over 15 years of experience at the IRS, Susanne has developed a comprehensive understanding of the policies, procedures, and work processes within the organization. Susanne’s bilingual background and expertise enable her effectively service taxpayers from diverse cultural backgrounds, while providing them with necessary guidance and support to navigate the complexities of the US tax system.

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