Publication Date
1-1-1994
Document Type
Dissertation/Thesis
First Advisor
Carnes, Gregory
Degree Name
B.S. (Bachelor of Science)
Legacy Department
Department of Accountancy
Abstract
As a result of a recent Supreme Court decision, Commissioner v. Soliman, stricter guidelines have been imposed upon taxpayers regarding their eligibility to take a home office deduction under the "principle place of business" election. As a result of Soliman, determining a taxpayer's principal place of business went from a "facts and circumstances" test, tailored to each individual case, to tests that consider only two factors. Several pronouncements and publications have prescribed guidelines and examples that explain this decision. Soliman, however, has been subject to criticism by the tax profession. Some professionals believe these tests are too strict. The pronouncements have also been subject to scrutiny for being vague. The purpose of this thesis was to gather information from the practicing tax profession to determine what its views were regarding Soliman and the subsequent pronouncements. Surveys were given to fifteen tax professionals. The purpose of the surveys was to determine whether Soliman provided adequate guidelines for determining a taxpayer's principal place of business, as well as to analyze whether the recent IRS pronouncements are consistently interpreted and applied. Survey results support the finding that the effects of Soliman are not universally accepted, and that interpretation of its guidelines do not always produce consistent and dependable conclusions. Therefore, it is proposed that the courts revert to the "facts and circumstances" test that was used prior to Soliman.
Recommended Citation
Tsagalis, Nick, "The Home Office Deduction" (1994). Honors Capstones. 1194.
https://huskiecommons.lib.niu.edu/studentengagement-honorscapstones/1194
Extent
55 pages
Language
eng
Publisher
Northern Illinois University
Rights Statement
In Copyright
Rights Statement 2
NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.
Media Type
Text
