Home Office Deduction (203)

General Description:

The participant will receive an in-depth explanation of the office in the home rules.

Learning Objectives:

After completing this course the participant will be able to:

• Determine when a client qualifies for the home office deduction.
• Calculate the home office deduction using the simplified method of Rev. Proc. 2013-13.
• Describe the tax benefits available to those who qualify for the home office deduction.
• Determine when travel expenses are deductible, including commuting expenses.
• File Form 8829, Expenses for Business Use of Your Home.
• Describe the problems encountered in leasing a home office to a C corporation, S corporation, or partnership.
• Determine the problems of the home office deduction for a shareholder of an S ­corporation or a member (partner) of a tax ­partnership and how to avoid these problems.

Instructors:

Mark A. Vogel is a retired professor and director of the University of Denver Graduate Tax Program, where for 38 years he taught courses in individual, fiduciary, tax accounting, partnership, and corporate taxation. He is the author of Divorce Taxation Guide (John Wiley & Sons) and Individual Taxation (Shepards/McGraw-Hill). He received a J.D. and LL.M. in Taxation from the University of Denver College of Law and an undergraduate accounting degree from the University of Notre Dame. He is also a CPA licensed in Illinois.

Related Courses: