Federal Income Tax Issues Concerning §280A Deductions Allowed for Business Use of Home
Self Study Course

CPE Credits Offered: 2

	$29 - NSTP Members
	$40 - Non-Members

Call (800) 367-8130 or Fax registration to (360) 695-7115

This course is intended to prepare the tax professional to:

Inform clients about business use of home deductions including depreciation, and
Correctly calculate and document business use of home deductions including depreciation claimed on IRS Form 8829.
Explain to a taxpayer the purpose of the Business Use of Home deduction and why the taxpayer may or may not be eligible to claim the deduction.
List the information that the taxpayer must provide in order to calculate and document the deduction
Name the schedules on which business use of home expenses are reported by self-employed individuals, farmers, and employees.
Explain to a taxpayer how to measure the percentage of the total home that is used for business.
Name two exceptions to the rule that the defined business use area must be used exclusively for business purposes.
Apply the principal-place-of-business test and the regular and exclusive use requirements to a particular taxpayer's situation.
Document basis for the deductibility of depreciation and set up a depreciation schedule for a home office or other business use.
Explain the relationship between gross income from a business and amounts claimed as deductions on Form 8829, Expenses for Business Use of Your Home.
Explain how claiming business use of home may simplify recordkeeping for depreciation of a business computer.
Explain how depreciation allowed or allowable for business use of home is generally treated on sale of the home.
Much, much, more

Advance preparation is not required.

The course provides for 2 hours of continuing education credits.

Course Level: Introduction to Review

This course is recommended for CPA's, CFP's, Accountants, Tax Practitioners, Lawyers and Enrolled Agents with basic knowledge of tax accounting.