Home Office Deduction

Course Description:

Home Office Deduction examines the federal income tax deduction for business use of a home. It addresses the qualifications for a home office deduction and the actual expense and simplified methods of determining the deduction. In addition, it discusses the special home-office deduction rules applicable to daycare facilities and the recordkeeping requirements applicable to taking a home office deduction. It considers where the deduction should be taken and the forms a tax preparer should use in connection with the deduction.

This course will examine the federal income tax deduction for business use of a home and will discuss:

  • qualifying for a home office tax deduction
  • determining a taxpayer’s home office deduction using the actual expense and simplified methods
  • the special home-office deduction rules that apply to daycare facilities
  • the taxpayer’s home-office deduction recordkeeping requirements
  • where to take the deduction and the forms a tax preparer must use in connection with it

Learning Objectives:

Upon completion of this course, a tax return preparer should be able to:

  • identify the home-office deduction qualification rules
  • detect the types of home office use to which the exclusive use requirement does not apply
  • identify the various types of taxpayer expenses that may be used to support a deduction for business use of a home
  • identify the rules applicable to the simplified method of figuring the home-office deduction
  • identify the tax forms on which a home-office deduction should be taken
  • recognize the recordkeeping requirements applicable to documents supporting a taxpayer’s home-office deduction

Tax Year: 2019
Prerequisites:  None

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