Home Office Deduction

$30.00

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Description

Course Description
Home Office Deduction examines the federal income tax deduction for business use of a home. It addresses the qualifications for a home office deduction and the actual expense and simplified methods of determining the deduction. In addition, it discusses the special home-office deduction rules applicable to daycare facilities and the recordkeeping requirements applicable to taking a home office deduction. It considers where the deduction should be taken and the forms a tax preparer should use in connection with the deduction. This is a basic tax course with no prerequisites, and qualifies for 3 CE credits in the IRS Federal Tax Law category.

 

Learning Objectives

  • Apply the home-office deduction qualification rules;
  • Identify the types of home office use to which the exclusive use requirement does not apply;
  • Describe the various types of taxpayer expenses that may be used to support a deduction for business use of a home;
  • Apply the rules applicable to the simplified method of figuring the home-office deduction;
  • Identify the tax forms on which a home-office deduction should be taken; and
  • Recognize the recordkeeping requirements applicable to documents supporting a taxpayer’s home-office deduction.
IRS Program Number: YH9W1-T-00117-22-S
CTEC Program Number: 6243-CE-0026
CE Credits: 3 hour
Category: Tax Law
Delivery Type: Online Self-Study
Exam Questions: 15


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