Small Business Taxes Made Easy: Vehicles (Completed)

Date: Tuesday, July 7, 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. Tax practitioners at all levels regardless of tax practice who want to learn more about working with business clients – many of whom resist keeping vehicle use records. This is also an excellent resource for business owners, who need clarification about how to track mileage – and why you need both business and total mileage records. Course materials are presented in plain English, so anyone can understand the content.

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

  • Deductible auto expenses
    • Using mileage
    • Using actual when owning
    • Using actual when leasing
  • Depreciation deductions options for various vehicles
    • Depreciation component of the mileage method
  • No more trade-ins for tax purposes
  • Tax benefits of leasing vs buying
  • Financial considerations of leasing vs buying
  • Vehicle resources

Learning Objectives

  • Identify the details about vehicle deductions and how to make the lease vs. buy decision


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

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