Course Information

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Home Office: Expenses and Deductions (2010 Edition)
Author: CCH Editorial Staff

Description:
The Home Office: Expenses and Deductions (2010 Edition) course guides you through the ins and outs of maximizing business deductions for home offices.

The course explains what expenses can be deducted and where the deductions are claimed. It contains detailed, clear explanations and practical examples of how the tax law is applied. The course also contains a filled-in Form 8829 illustrating the deduction for home office expenses.

Upon completion of this course, the user should be able to:

  • Decide whether it is possible to deduct expenses related to the business use of the home
  • Determine what expenses are deductible
  • Allocate allowable expenses among deductible business expenses, as well as among deductible and nondeductible personal expenses
  • Report the allowable business deductions correctly
  • Recognize the tax traps that may be sprung when the home is sold and the individual has claimed deductions related to its business use
  • Indicate how to defend the claimed tax deductions in the event of an IRS examination of the individual's tax return

Course Details:
Price:  $96.00
Field of Study:  Taxes
Prerequisites:  Basic knowledge of federal income taxation
Level:  Intermediate
Advanced Preparation:  None
CTEC course number:  1075-CE-7254
Course was last updated on:  04/15/10
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Library:
Learning Center Core

Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
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Credit Available For: Units
CPE 6.0 CPE
QAS 6.0 CPE
Enrolled Agent (Accepted by the IRS) 6.0 CPE
CTEC Federal 6.0 CE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

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