Learning Objective: After completing this course, the student will be able to determine the home office deduction for a wide range of situations including the sale harbor method. This course explores the fine print of the issues dealing with the business use of a home (Home office). Highlights include: business Use by the self employed and employees, safe harbor deduction, qualification tests, gross income limit, special rules related to home mortgage interest, carryover computation and allocation, direct, indirect and unrelated expenses, daycare facilities, parsonage, sale of a Home used partially for business, same and separate structures, Sec 121 exclusion, depreciation recapture, multiple offices and more.
CPE Hours: Federal Tax Subject = 2 CPE Credits / Total = 2 CPE Credits
Accreditation: CTEC, IRS, Enrolled Agents, NASBA-QAS CPAs
Field of Study: Federal Tax Subject
Publication Date: 10/18/2019
Instructional Delivery Method: Self-Study
Advanced Preparation: No Advanced Preparation Required
Author: Lee Reams, Sr.
Course Material: A copy of the course material is available for download under the Additional References tab.
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Certified Public Accountants: ClientWhys is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
ClientWhys is an approved provider for IRS, NASBA QAS, CTEC and the Oregon Tax Preparer Board providing continuing education for CPAs, EAs, IRS and CRTPs.
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