Udemy

Platform

English

Language

Business Law

Category

Income Tax-Business Use of Home Deduction

Income tax deduction for the business use of your home with demonstrations using tax forms and running tax scenarios

4.40 (13 reviews)

3545

Students

4.5 hours

Content

Mar 2019

Last Update
$94.99
Regular Price


What you will learn

Tax benefits of the business use of your home deduction

How to Qualify for the business use of your home deduction

How to calculate the business use of your home deduction

Rules for a daycare facility

How and when to use the simplified method to calculate the business use of your home deduction

Best practices for recordkeeping related to the business use of your home deduction


Description

Business use of your home deduction including practical examples with actual tax forms that allow colleagues to see the concepts in practice and fully comprehend the law and how best to apply it in different situations, circumstances, and scenarios.

The course will discuss qualifications for the business use of the home deduction providing examples where applicable.

We will show how to figure, or calculate, the business use of the home deduction using actual expenses. We will provide demonstrations using tax forms and run scenarios using tax software to demonstrate the calculations.

The course will explain rules specific to a daycare facility and run scenarios related to a daycare facility.

We will demonstrate how to use the simplified method to calculate the business use of your home deduction, provide examples of the simplified method, and compare and contrast the simplified method to the actual expenses method.

The course will also discuss how the business use of your home deduction could affect the sale or exchange of your home and deductions for business furniture and equipment.

We will provide guidance related to recordkeeping practices for the business use of your home deduction.


Screenshots

Income Tax-Business Use of Home Deduction
Income Tax-Business Use of Home Deduction
Income Tax-Business Use of Home Deduction
Income Tax-Business Use of Home Deduction

Content

Introduction

Introduction

Documents to Download for Reference

PDF - 205 What’s New & Reminders

205 What’s New & Reminders

PDF - 208 Introduction

208 Introduction

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Qualifying for the Deduction

PDF - 211 Qualifying for a Deduction

211 Qualifying for a Deduction

PDF - 214 Principal Place Of Business

214 Principal Place Of Business

PDF - 217 More Than One Trade or Business

217 More Than One Trade or Business

PDF - 221 Place To Meet Patients, Clients, or Customers

221 Place To Meet Patients, Clients, or Customers

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Figuring the Deduction

PDF - 224 Figuring the Deduction

224 Figuring the Deduction

PDF - 227 Insurance, Repairs, Security, Utilities, Telephone

227 Insurance, Repairs, Security, Utilities, Telephone

PDF - 231 Depreciating Your Home

231 Depreciating Your Home

PDF - 232 Depreciating Your Home Example

232 Depreciating Your Home Example

PDF - 234 Business Percentage

234 Business Percentage

PDF - 237 Deduction Limit

237 Deduction Limit

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Daycare Facility

PDF - 241 Using the Simplified Method

241 Using the Simplified Method

PDF - 244 Simplified Amount & Examples

244 Simplified Amount & Examples

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Using the Simplified Method

PDF - 247 Daycare Facility

247 Daycare Facility

PDF - 251 Meals Daycare Facility

251 Meals Daycare Facility

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Sale or Exchange of Your Home

PDF - 254 Sale or Exchange of Your Home

254 Sale or Exchange of Your Home

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Business Furniture and Equipment

PDF - 257 Business Furniture and Equipment

257 Business Furniture and Equipment

PDF - 261 Property Bought for Business Use

261 Property Bought for Business Use

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Recordkeeping

PDF - 267 Recordkeeping

267 Recordkeeping

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Where to Deduct

PDF - 271 Where To Deduct

271 Where To Deduct

PDF - 274 Business Expenses for Use of Your Home

274 Business Expenses for Use of Your Home

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Reviews

N
Natoca19 September 2020

Great course!! Very informative. It reinforces the IRS Publications need to get the max allowable deductions to file accurately.

G
Gerald9 March 2020

This course is an excellent match to me because I will be working at home as a self-employed CPA. I can do clients that work at home too.



Coupons

StatusDateDiscount
Expired8/26/2019100% OFF

2267266

Udemy ID

3/12/2019

Course created date

8/26/2019

Course Indexed date
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