Webinar: Surgent's Home Office Rules
WS1770 | Course | Basic | Scheduled
Description
Since 2017, employees have not been eligible to take an itemized deduction for a home office. The Tax Cuts and Jobs Act suspended all miscellaneous itemized deductions for tax years 2018 through 2025. That deduction is scheduled to go into effect in 2026. Self-employed individuals can deduct office expenses on Schedule C, Form 1040. The home office deduction includes typical office-connected expenditures such as supplies, postage, computers, printers, and all the other ordinary and necessary expenses a person would have in connection with running a home office.
The home office tax deduction for the self-employed would cover expenses for the business use of a home, which includes mortgage interest, rent, insurance, utilities, repairs, and depreciation. This program discusses many of the most important issues relating to the deductibility of home office-related expenses.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 2.00 | Taxes |
Designed For
Accounting and finance professionals who need to know about the deductibility of home office-related expenses.
Prerequisites
None
Highlights
- Calculating the home office deduction
- Actual expense method
- Simplified expense method
- Definition of a home for purposes of the home office deduction
- Whether working-from-home employees can claim a home office deduction
- What is a “separate, identifiable space?”
- The “regularly and exclusively used” rule
- Defining a “principal place of business”
- Meeting clients, patients, and customers
- More than one trade or business
- Special rules that apply to daycare providers
- Separate, free-standing structures
- Depreciating the home
Objectives
- Understand the rules relating to taxpayers who are entitled to deduct expenses associated with a home office
Preparation
None
Notes
This webinar is provided by Surgent. After registering for the course, you will receive an email from Surgent with instructions for logging in to the webinar and obtaining your eMaterials.
You may confirm that your computer meets the minimum requirements by visiting: https://www.surgentcpe.com/webinartest/.
Prices
- Member (Early Bird)
- $99.00
- Non-Member (Early Bird)
- $99.00
- Member
- $99.00
- Non-Member
- $99.00