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Self-Study Courses

Small Business Taxes Made Easy: Vehicles (Currently Unavailable)

2 CPE Credits $31.00/credit hour
★ ★ ★ ★ ☆ 4.4 (9 ratings)
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.

Publication Date: July 2020

Designed For
Tax practitioners at all levels regardless of tax practice and Business Owners.

Topics Covered

  • Deducting Auto Expenses for Employees
  • Employee Vehicle Benefits
  • Deducting Auto Expenses for Business Owners
  • Business Driving
  • Using the Mileage Method
  • Actual Expenses — Deductible Costs
  • Other Expenses — Both Lease and Buy
  • Leased Vehicles
  • Buying New or Used
  • Leasing vs. Buying
  • TaxMama's Rules of Thumb
  • What about Green Vehicles?

Learning Objectives

  • Identify the details about vehicle deductions and how to make the lease vs. buy decision
  • Describe characteristics of Accountable plans
  • Recognize acceptable deductible expenses
  • Identify extra costs to either the employer or employee in a non-accountable plan
  • Recognize business mileage rates for 2020

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

Instructor

Eva Rosenberg

Eva Rosenberg, EA, Your TaxMama® has been a member of NAEA for over three decades. TaxMama® has been teaching Enrolled Agents Exam review courses off and on since developing the program for UCLA Extension over 20 years agoThese days, she’s teaching her own course online at www.irsexams.school

Eva has a B.A. in Accounting and an M.B.A. in International business. Your TaxMama® has been a TaxWatch columnist for Dow Jones' www.MarketWatch.com for nearly 15 years, and award-winning author of two best-selling books, Small Business Taxes Made Easy, (4th edition) published by McGraw-Hill and Deduct Everything! from Humanix Publishing.

As a speaker, TaxMama® is popular with both tax professionals and taxpayers. Please drop by www.TaxMama.com and get answers to tax questions we can't cover here, free, by simply clicking on this link: http://iTaxMama.com/AskQuestion
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