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Income Tax-Business Use of Home Deduction

Business

Rating4.2
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Income Tax-Business Use of Home Deduction, available at $74.99, has an average rating of 4.15, with 61 lectures, based on 33 reviews, and has 14331 subscribers.

You will learn about 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 This course is ideal for individuals who are Anybody who wants to save on taxes or Tax professionals It is particularly useful for Anybody who wants to save on taxes or Tax professionals.

Enroll now: Income Tax-Business Use of Home Deduction

Summary

Title: Income Tax-Business Use of Home Deduction

Price: $74.99

Average Rating: 4.15

Number of Lectures: 61

Number of Published Lectures: 61

Number of Curriculum Items: 61

Number of Published Curriculum Objects: 61

Original Price: $199.99

Quality Status: approved

Status: Live

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

Who Should Attend

  • Anybody who wants to save on taxes
  • Tax professionals

Target Audiences

  • Anybody who wants to save on taxes
  • Tax professionals

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.

Course Curriculum

Chapter 1: 2024-2023 Business Use of Your Home Introduction

Lecture 1: 6740 Business Use of Your Home – Qualifying for a Deduction

Chapter 2: 2024-2023 Figuring the Deduction

Lecture 1: 6745 Business Use of Your Home – Figuring the Deduction Part 1

Lecture 2: 6746 Business Use of Your Home – Figuring the Deduction Part 2

Chapter 3: 2024-2023 Simplified Method

Lecture 1: 6750 Business Use of Your Home – Using the Simplified Method

Chapter 4: 2024-2023 Daycare Facility

Lecture 1: 6755 Business Use of Your Home – Daycare Facility

Chapter 5: 2024-2023 Example

Lecture 1: 6760 Business Use of Your Home Example

Chapter 6: Introduction

Lecture 1: Introduction

Lecture 2: Documents to Download for Reference

Lecture 3: PDF – 205 What’s New & Reminders

Lecture 4: 205 What’s New & Reminders

Lecture 5: PDF – 208 Introduction

Lecture 6: 208 Introduction

Lecture 7: Accounting Comic Break

Chapter 7: Qualifying for the Deduction

Lecture 1: PDF – 211 Qualifying for a Deduction

Lecture 2: 211 Qualifying for a Deduction

Lecture 3: PDF – 214 Principal Place Of Business

Lecture 4: 214 Principal Place Of Business

Lecture 5: PDF – 217 More Than One Trade or Business

Lecture 6: 217 More Than One Trade or Business

Lecture 7: PDF – 221 Place To Meet Patients, Clients, or Customers

Lecture 8: 221 Place To Meet Patients, Clients, or Customers

Lecture 9: Accounting Comic Break

Chapter 8: Figuring the Deduction

Lecture 1: PDF – 224 Figuring the Deduction

Lecture 2: 224 Figuring the Deduction

Lecture 3: PDF – 227 Insurance, Repairs, Security, Utilities, Telephone

Lecture 4: 227 Insurance, Repairs, Security, Utilities, Telephone

Lecture 5: PDF – 231 Depreciating Your Home

Lecture 6: 231 Depreciating Your Home

Lecture 7: PDF – 232 Depreciating Your Home Example

Lecture 8: 232 Depreciating Your Home Example

Lecture 9: PDF – 234 Business Percentage

Lecture 10: 234 Business Percentage

Lecture 11: PDF – 237 Deduction Limit

Lecture 12: 237 Deduction Limit

Lecture 13: Accounting Comic Break

Chapter 9: Daycare Facility

Lecture 1: PDF – 241 Using the Simplified Method

Lecture 2: 241 Using the Simplified Method

Lecture 3: PDF – 244 Simplified Amount & Examples

Lecture 4: 244 Simplified Amount & Examples

Lecture 5: Accounting Comic Break

Chapter 10: Using the Simplified Method

Lecture 1: PDF – 247 Daycare Facility

Lecture 2: 247 Daycare Facility

Lecture 3: PDF – 251 Meals Daycare Facility

Lecture 4: 251 Meals Daycare Facility

Lecture 5: Accounting Comic Break

Chapter 11: Sale or Exchange of Your Home

Lecture 1: PDF – 254 Sale or Exchange of Your Home

Lecture 2: 254 Sale or Exchange of Your Home

Lecture 3: Accounting Comic Break

Chapter 12: Business Furniture and Equipment

Lecture 1: PDF – 257 Business Furniture and Equipment

Lecture 2: 257 Business Furniture and Equipment

Lecture 3: PDF – 261 Property Bought for Business Use

Lecture 4: 261 Property Bought for Business Use

Lecture 5: Accounting Comic Break

Chapter 13: Recordkeeping

Lecture 1: PDF – 267 Recordkeeping

Lecture 2: 267 Recordkeeping

Lecture 3: Accounting Comic Break

Chapter 14: Where to Deduct

Lecture 1: PDF – 271 Where To Deduct

Lecture 2: 271 Where To Deduct

Lecture 3: PDF – 274 Business Expenses for Use of Your Home

Lecture 4: 274 Business Expenses for Use of Your Home

Lecture 5: Accounting Comic Break

Instructors

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  • 1 stars: 1 votes
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  • 3 stars: 5 votes
  • 4 stars: 8 votes
  • 5 stars: 19 votes

Frequently Asked Questions


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