Professional Course

The Home Office Deduction and Potential Pitfalls

1.5 hours
1.5 hours
This provider usually responds within 48 hours 👍

Course description

The Home Office Deduction and Potential Pitfalls

The Home Office Deduction and Potential Pitfalls

Gain a better understanding of the benefits and potential pitfalls of the home office deduction. While the home office deduction is one of the most common deductions that tax professionals take for their clients, it is not without its pitfalls and drawbacks. This topic helps tax professionals navigate the maze of the home office deduction and the potential pitfalls of taking the deduction. After this topic, you will be able to recognize whether your client qualifies for the deduction under the “regular and exclusive use” test, compare and contrast the Simplified Option to the Regular Method, the requirements to claim the deduction, and recognize the potential pitfalls, by analyzing Tax Court Cases, discussion of depreciation carryback, and other complications of taking this deduction. If you have clients that run a home based business, or even clients that work for an employer and work out of their home at the convenience of their employer, you will not want to miss this information.

Learning Objectives

  • You will be able to define the home office deduction.
  • You will be able to describe the difference between the Simplified Method and Regular Method.
  • You will be able to discuss complications about taking the home office deduction.
  • You will be able to explain “regular and exclusive use”.

  • Do you work at this company and want to update this page?

    Is there out-of-date information about your company or courses published here? Fill out this form to get in touch with us.

    Who should attend?

    This live webinar is designed for accountants, CPAs, controllers, CFOs, tax managers, finance directors, presidents, vice presidents, CEOs, business owners, bookkeepers, tax preparers and attorneys.

    Training content

    • What Is the Home Office Deduction?
    • Requirements to Claim the Deduction
    • What Can Be Deducted?
    • What's the Big Deal?Calculating the Home Office Deduction
    • Simplified Option
    • Regular Method
    • Comparison of MethodsPotential Pitfalls
    • "Regular and Exclusive Use"
    • Depreciation Carryback
    • Complications


    The cost of this The Home Office Deduction and Potential Pitfalls live webinar is $219 per participant.

    Contact this provider

    Contact course provider

    Before we redirect you to this supplier's website, do you mind filling out this form so that we can stay in touch? You can unsubscribe at any time.
    If you want us to recommend other suitable courses, please fill out all fields below and check the box beside "Please recommend similar options"
    Country *

    reCAPTCHA logo This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Lorman Education Services
    Lorman Education Services
    2510 Alpine Road
    54702 Eau Claire Wisconsin

    Lorman Education Services - Live and On-Demand Courses

    Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...

    Read more and show all training delivered by this supplier