Home Office Deduction (CPE Course)
Related Courses
CPE Credit: 1 hour
Course Type: Downloaded PDF materials with online test
Price (with PDF Textbook): $15
Course Description
Many people generate income from business activities in their homes. Depending on the circumstances, it may be possible to claim a deduction on the business use of your home. In the Home Office Deduction course, we cover the IRS tests that must be passed in order to take a home office deduction, as well as how to calculate the deduction. In addition, we address home office deduction issues relating to the sale of your home, business furniture and equipment, and how to maintain appropriate records for the deduction.
Author: Steven Bragg
Course Number: TX1034
IRS Program Number: 72821-T-00072-24-S
Learning Objectives
State the tests that must be met in order to qualify for the home office deduction.
Specify the exclusions from the home office deduction tests.
Recall the mechanics of how the actual expenses method and simplified method are used to determine the home office deduction.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Taxes
Prerequisites: None
Advance Preparation: None
Latest Review Date: April 2024
Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.
AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.
AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.