Small Business Taxes Made Easy: Home Office (Completed)

Date: Tuesday, June 30, 2020
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

Join the class to learn how to set up or improve your business during this COVID19 time in the world.This course is based on the tips and tools discussed in TaxMama’s latest book, Small Business Taxes Made Easy. Is the home office a red flag? Let’s clear up some common misconceptions, and discuss how to use your home office when your business is a corporation, partnership or LLC. You will learn how prove the use of the home; to find areas you didn’t realize would qualify; and legitimately increase the deductions. Also, learn a bit about how to deal with the home office when selling your home.

While not required, having a copy of the textbook Small Business Taxes Made Easy, 4th Edition is beneficial.

Who Should Attend
Tax practitioners at all levels regardless of tax practice and Business Owners.

Topics Covered

  • Office in home — red flag
  • New rule for employees
  • Tax impact of home office when selling your home
  • Home office safe harbor
  • Inner space — areas you may be overlooking
  • What is adequate proof — and how long to keep it
  • Allowable deductions for various kinds of home businesses
  • Establishing boundaries with family and friends
  • To use or not to use — when business has losses
  • Office in home resources

Learning Objectives

  • Describe the details about home office deductions and when to use the actual expenses vs the simplified short cut IRS provides


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

 Chat — Books Support