Author: Eva Rosenberg
This course addresses the truths, myths and ‘red flags’ related to home office under the Tax Cuts and Jobs Act (TCJA). You’ll learn how to help your clients 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.
Publication Date: February 2019
NASBA Field of Study
Taxes (2 hours)
Program PrerequisitesTax 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