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Income Tax Business Use of Home Deduction 2018 2019

Income Tax-Business Use of Home Deduction 2018 2019
.MP4 | Video: 1280x720, 30 fps(r) | Audio: AAC, 44100 Hz, 2ch | 2.22 GB
Duration: 4.5 hours | Genre: eLearning | Language: English


"Income Tax Business Use of Home Deduction 2018 2019"

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Income tax deduction for the business use of your home with demonstrations using tax forms and running tax scenarios.
What you'll learn
Tax benefits of the business use of your home deduction
How to Qualify for the business use of your home deduction
How to calculate the business use of your home deduction
Rules for a daycare facility
How and when to use the simplified method to calculate the business use of your home deduction
Best practices for recordkeeping related to the business use of your home deduction
Requirements
Some understanding of US income tax law
Description
Business use of your home deduction including practical examples with actual tax forms that allow colleagues to see the concepts in practice and fully comprehend the law and how best to apply it in different situations, circumstances, and scenarios.
The course will discuss qualifications for the business use of the home deduction providing examples where applicable.
We will show how to figure, or calculate, the business use of the home deduction using actual expenses. We will provide demonstrations using tax forms and run scenarios using tax software to demonstrate the calculations.
The course will explain rules specific to a daycare facility and run scenarios related to a daycare facility.
We will demonstrate how to use the simplified method to calculate the business use of your home deduction, provide examples of the simplified method, and compare and contrast the simplified method to the actual expenses method.
The course will also discuss how the business use of your home deduction could affect the sale or exchange of your home and deductions for business furniture and equipment.
We will provide guidance related to recordkeeping practices for the business use of your home deduction.
Who this course is for:
Anybody who wants to save on taxes
Tax professionals



Income Tax Business Use of Home Deduction 2018 2019
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Tags: Income, Business, Home, Deduction

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