EA Exam Prep Part 2: Business Expenses (Currently Unavailable)
Author: Eva Rosenberg
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law for CTEC |
This is the fourth class of the EA Exam Prep Part 2 series. How do I handle listed property? Can I travel first class to a conference? When it comes to business deductions, some expenses leave you with more questions than answers. TaxMama® teaches you how to decipher those expenses, and many other deductions. Review common business expenses such as office expense, repairs and maintenance, taxes, insurance, and more.
Publication Date: August 2019
Topics Covered
- General business expenses
- Travel expenses
- Vehicle expenses
- Documentation supporting business expenses
- "Lavish" rules
- Receipts for expenses
- Payroll
- Fringe benefits
- S Corporation shareholder rules
- Rules for employing family members
- Statutory employees
- Related persons rules
- Prepaid expenses
- Related Persons
- Bad debt
- Meals
- Childcare
- Business gifts
- Section 199A (Qualified Small Business Income)
Learning Objectives
- Recognize the importance of documentation for expenses
- Identify statutory employees
- Recognize how to determine deductible business expenses
- Identify the rules for employing family members
- Describe how to compute Section 199-A (Qualified Small Business Income)
- Identify how to record prepaid expenses
- Identify S Corporation shareholder rules
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
