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Secure Transaction CPE Credits
1 Credits: Taxes
Course Level
Overview
Format
Self-Study
Course Description
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.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- 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.
Course Specifics
SS824378616
August 23, 2024
There are no prerequisites.
None
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Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02454-24-S
IRS Federal Tax Law Credits: 1
CTEC Course Number: 2071-CE-2009
CTEC Federal Tax Law Credits: 1
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. 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 …
QAS Self-Study
