Home Office Deduction - An In-Depth Understanding ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $145.00
Non-Member Price $167.00
Overview
Many people generate income from business activities in their homes. Depending on the circumstances, it may be possible to claim a deduction on the business use of your home. In the Home Office Deduction course, we cover the IRS tests that must be passed in order to take a home office deduction, as well as how to calculate the deduction. In addition, we address home office deduction issues relating to the sale of your home, business furniture and equipment, and how to maintain appropriate records for the deduction.
Highlights
Home office deduction. Qualifying for a deduction. Calculation the deduction. Sale or exchange of the home. Recordkeeping recommendations.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other accounting professionals.
Objectives
State the tests that must be met in order to qualify for the home office deduction. Specify the exclusions from the home office deduction tests. Recall the mechanics of how the actual expenses method and simplified method are used to determine the home office deduction.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $167.00
Member Price $145.00