Our client performs bookkeeping work for her clients. She performs most of her client work atthe client's office. She has about ten clients and spends about 4 hours per client each week atthe client's office. She also has a dedicated office at her home where she does all of heradministrative work for her business. The administrative work she performs is at her homeoffice to include billing, record keeping, and training.Area of her home used for business - 500 square feet5,000 square feetTotal area of homeAnnual indirect costso Gross income from business $100,000o Deductible mortgage interest $25,000o Real estate taxes $1,500 o Utilities $2,500Ignore depreciation for this assignment.Questions:6. Does the IRS provide a publication on this topic? If so, please cite. Do not attach thepublication as support for this memorandum.

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Answered: 6. Does the IRS provide a publication…

Business

Accounting

6. Does the IRS provide a publication on this topic? If so

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 28P

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