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Live Webinar

100-minute live streaming program
  • November 13
  • 1:00 - 2:40 pm EST

Also available as:

OnDemand Webinar

Accounting and Taxation of Home Office Expenses and Deductions

November 13

Identify the requirements for claiming the home office deduction.

This topic will go in depth into practical guidance for calculating the home office deduction, as well as present recent IRS cases. The knowledge, tax saving guidance and tools on properly reporting will assist you in helping to reduce your tax liability and reduce your chances of an IRS audit.

Learning Objectives

  • You will be able to identify the requirements for claiming the home office deduction.
  • You will be able to recognize the components compromising the home office deduction.
  • You will be able to discuss the benefits of the home office deduction.
  • You will be able to explain the potential pitfalls that could trigger an IRS audit.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Requirements for Claiming the Home Office Deduction
  • Define the Home Office
  • Identify the Business Entities Allowed to Claim the Home Office Deduction
Components Comprising the Home Office Deduction
  • Determine the Amount of the Simplified Method
  • Know the Expenses Comprising the Actual Method
  • Select Between the Two Methods
The Benefits of the Home Office Deduction
  • Apply the Home Office Deduction to Reduce Tax Liability
  • Claim Other Deductions Related to the Home Office
The Potential Pitfalls That Could Trigger an IRS Audit
  • Review Recent Court Cases That Show Actions That Should Not Be Followed
  • Statistics Regarding IRS Audits by Entity Type
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on August 22, 2012.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Taxation for 2.0 hours.
     

Who should attend?

This live webinar is designed for accountants, tax managers, tax preparers, CFOs, controllers, enrolled agents, business managers and owners, presidents, vice presidents, CEOs, executives, and bookkeepers.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Lawrence M. Raigrodski, CPA

Lawrence M. Raigrodski, CPA

Lawrence M. Raigrodski, CPA

  • Self-employed CPA for 7 years at Lawrence M. Raigrodski, CPA practice with an emphasis in operational, financial planning and tax advisory services for small business clients and individuals
  • Member of the Maryland Association of Certified Public Accountants, American Institute of Certified Public Accountants and Maryland Society of Accountants
  • Worked for the Internal Revenue Service for 5 years as an analyst
  • Worked for National Institute of Health for 28 years as a budget analyst
  • Registered investment advisor
  • B.S. degree in accounting, University of Maryland, College Park
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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  • Live Webinars
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Product ID: 406561
Published 2012, 2019
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