Corporate Accountable Plan

Corporate Accountable Plan
Name*

First NameLast Name
Email*
example@example.com
Business Name
EIN
Tax year for provided info
Total annual telephone expense
Percent of time used for business
Mileage driven for business
Home Office

Area of home must be exclusively used for business except for storage or day care (see note below). Home office must qualify as the Principal place of Business in order to take the deduction. Note: Managing rental activities or investments does not qualify for business use of the home. (Please scroll to the bottom of the page for information on what qualifies a home office as the Principal Place of Business.)
I confirm that my home office is my principal place of business.

YESNO
Total square footage of home
Square footage of home office

Please fill the chart in with costs for the entire tax year. Direct refers to items that only affect the office (ie, repairing a broken light in that room), where as Indirect would be something that pertains to the total home (ie, the home electric bill). Please note, mortgage interest and property tax are not deductible on the accountable plan because we deduct for them on your personal return.

	Direct	Indirect
Rent / Mort Int
Utilities
Internet
Repairs
Other
Other

1) Exclusive Use Test—Business Use of Home
The exclusive use test is met if an area of the home is used only
for business. The area can be a room or other separately identifiable
space. The space does not need to be marked off by a
permanent partition. This test is not met if you use the area both
for business and for personal purposes, such as a den used for
business during the day and TV viewing during the evening.
The exclusive use test is not required for:
• An area used on a regular basis for storage of inventory or
product samples.
• A home used as a day care facility.
Storage of inventory or product samples—exception to exclusive use test.
If you use part of a home for business to store inventory or product samples
you are not required to meet the exclusive use test. However, you
must meet all the following tests.
• You are in the business of selling products at wholesale or retail.
• The inventory or product samples are kept in the home for use in the
business.
• You home is the only fixed location of the business.
• The storage space is used on a regular basis.
• The storage space is a separately identifiable space suitable for storage.
2) Regular Use Test—Business Use of Home
The regular use test means you must use a specific area of the home for business on a regular basis. Incidental or occasional business use is
not regular use. All facts and circumstances are considered in determining whether the business use is regular.
4) Principal Place of Business Test—Business Use of Home
A trade or business can have more than one location. To qualify
for a business use of home deduction, the home must be the
principal place of business for that trade or business. To make
this determination, the following are considered.
• The relative importance of the activities performed at each
place where business is conducted, and
• The amount of time spent at each place where business is
conducted.
A home office qualifies under this test if:
• The home office is used exclusively and regularly for administrative or
management activities of the trade or business.
• There is no other fixed location where substantial administrative or
management activities are conducted.
Please enter any additional notes or questions you have for your tax preparer here:
Should be Empty:

Corporate Accountable Plan

Home Office

1) Exclusive Use Test—Business Use of Home

2) Regular Use Test—Business Use of Home

4) Principal Place of Business Test—Business Use of Home