2026 Verified Benchmark & Execution Guide
IRC § 62(c) Accountable Plan Template: How S-Corp & LLC Owners Deduct Home Office, Internet & Mileage
Why S-Corp owners cannot use Schedule C Form 8829—and how an Accountable Plan unlocks tax-free monthly reimbursements.
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1. Quantitative Benchmarks & Statutory / Clinical Standards
| Parameter / Rule | Standard / Threshold | Actionable Savings / Protection |
|---|---|---|
| The S-Corp Form 8829 Trap | TCJA Suspended Unreimbursed Employee Expenses | S-Corp shareholders MUST use a written IRC § 62(c) Accountable Plan |
| Pro-Rata Home Expenses | Sq Ft % of Mortgage Interest, Property Tax, Utilities, HOA, Cleaners | Reimbursed monthly by corporate check/ACH with zero W-2 or income tax |
| Cell, Fiber & Mileage | 80% Business Cell/Internet + 70¢/Mile Standard Mileage | Creates an immediate corporate deduction and tax-free cash transfer |
2. Step-by-Step Execution Protocol
When a freelancer upgrades from a Schedule C LLC to an S-Corporation, they can no longer file Form 8829 for their home office. Without a written IRC § 62(c) Accountable Plan adopted in the corporate minute book, reimbursing yourself for home office rent, utilities, or internet can be reclassified by the IRS as taxable dividends or wages.
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