Maximizing Home Office Deductions (Completed)

Date: Tuesday, February 13, 2018
Instructor: Eva Rosenberg
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

This course addresses the truths, myths and ‘red flags’ related to home office. You’ll learn how to help your client maximize their deduction; when to use the Simplified Option – and when not to use it; how to protect the deduction for the long term; and when it’s important to fight for it, even if the deduction is small – and when not to use it at all. And why it’s a valuable deduction even for a business that has losses for years.

Topics Covered

  • Benefits of the Home Office
  • Red Flags
  • Employees working at home
  • Schedule C business at home
  • Daycare business at home
  • Home Office and the entitity: S Corp, C Corp, Partnership
  • Limits to home office deductions
  • Maximizing home office area
  • Depreciation must be taken

Learning Objectives

  • Recognize how to use the home office deduction to the taxpayer's best advantage
  • Identify how to avoid needless audit


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Tax practitioners at all levels regardless of tax practice who want to ensure their small business clients don’t lose this, often valuable deduction. Business owners who are just getting started – or those who have been in business for years – and want to learn what they’ve been doing correctly (or not) about their office in home deduction. Familiarize yourself with IRS Publication 587

Advance Preparation

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