Most business owners have been tempted, from time to time, to claim a deduction for expenses related to maintaining a home office. The guidelines have historically been murky and complex and the deduction widely believed to be fraught with peril - a red flag practically inviting an audit by the IRS.
At the Matter of Tax blog (published by the accounting firm of Belfint Lyons & Shuman, Jorge Guerrero posts on the new "Optional Safe Harbor Method for Determining the Home Office Deduction" promulgated in Rev. Proc. 2013-13, which greatly simplifies the process for calculating a home office deduction.