Paying rent to yourself in a home office
Mar 25th, 2008 | By Kevin Spence | Category: AccountingAt the PDXwi event last week, I was asked a very interesting question: Should a home based single-member LLC pay rent to the owner of the home–the same person– in order to avoid any “piercing of the veil” problems.
I found an answer to this problem in IRS publication 587. Single member LLCs are disregarded entities [...]