How do I prepare for an audit of my home office expenses?

Ever worried that claiming a home office deduction could lead to an IRS audit? Tune in to this episode of the Ask Ralph Show with Ralph Estep Jr. as he tackles the question of whether taking a home office deduction might lead to an IRS audit. How do I prepare for an audit of my home office expenses? With Ralph Estep, Jr.In this episode of the Ask Ralph show, host Ralph Estep Jr. addresses the common concern of whether claiming home office deductions could trigger an IRS audit. Ralph offers practical advice on how to legally and confidently claim these deductions without fear. He shares a listener's question about home office expenses, highlighting the importance of proper documentation and the pitfalls of incorrect deductions through compelling examples. Ralph also covers the IRS guidelines for qualifying a home office, allowable expenses, and red flags that might attract an audit. He underscores the necessity of honest and thorough record-keeping to avoid any issues with the IRS.00:00 Episode Overview00:39 Listener's Question02:06 Bible Verse02:47 The Importance of Proper Documentation04:26 Common Mistakes in Home Office Deductions07:12 Qualifying and Documenting Your Home Office10:34 Action Steps for Home Office Deductions11:21 Recap and Final ThoughtsSchedule Appointment with Saggio Management Group, Inc. https://app.acuityscheduling.com/schedule/fabfb9f2/appointment/8258839/calendar/2141336?appointmentTypeIds[]=8258839LISTEN NOWWATCH NOW ON YOUTUBE (OUR VIDEO VERSION)WATCH NOW ON RUMBLE (OUR VIDEO VERSION)SUPPORT THE SHOWPlease share our Podcast with all your friends and family!Submit your questions or ideas for future shows - email us at [email protected] or leave a voicemail message on our podcast page Leave A Voicemail MessageBuy Ralph's Book - Mastering Your Finances! Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business JourneyBuy Ralph's Book - How to Become a Financially Confident ChristianWant to be a guest on Financially Confident Christian? Send Ralph Estep, Jr. a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1704313698808231d175d3ba6Tired of feeling stuck in your business? Discover my 12-week coaching program built for small business owners just like you: