Home Office Deduction

Price: $29.85

CPE Credits: 3.0

Category: , ,

Course Number: TXHDEDPW

home office deduction

Description:
This course will examine the federal income tax deduction for business use of a home and will discuss:

  • Qualifying for a home office tax deduction;
  • Determining a taxpayer’s home office deduction using the actual expense and simplified methods;
  • The special home-office deduction rules that apply to daycare facilities;
  • The taxpayer’s home-office deduction recordkeeping requirements; and
  • Where to take the deduction and the forms a tax preparer must use in connection with it.

Table of Contents
Delivery Method: QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorPaul Winn CLU ChFc

Publication: March 2018; Updated: January 2019

Format: PDF
Pages: 67

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • 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.

Description:
This course will examine the federal income tax deduction for business use of a home and will discuss:

  • Qualifying for a home office tax deduction;
  • Determining a taxpayer’s home office deduction using the actual expense and simplified methods;
  • The special home-office deduction rules that apply to daycare facilities;
  • The taxpayer’s home-office deduction recordkeeping requirements; and
  • Where to take the deduction and the forms a tax preparer must use in connection with it.

Table of Contents
Delivery Method: QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorPaul Winn CLU ChFc

Publication: March 2018; Updated: January 2019

Format: PDF
Pages: 67

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • 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.
  • Your website was easy to navigate and informative.” “This was my first use of your resources but I’m sure it won’t be my last. Thank you for your excellent course material and succinctly stated instructions which expedited order and payment of course selection, completion of exam, and immediate availability of Certificate of Completion. A great experience. Thanks.

    - Draper

  • ” This was my first experience with CPASelfStudy.com and I was very impressed. I will definitely consider taking CPE through CPASelfStudy.com in the future.”   12/2017

    - Christopher Q.

  • “always love your site and prompt customer service !! ”  Dec. 2017

    - Thank you :)