Income Tax-Business Use of Home Deduction 2018 2019
Learn how to calculate, record and report the business use of your home deduction from a practicing CPA, CGMA, CPI, with B.S.Tax.
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 record-keeping practices for the business use of your home deduction.
What you’ll learn
Are there any course requirements or prerequisites?
Who this course is for:
Income Tax-Business Use of Home Deduction 2018 2019 Overview Think
FREE PREVIEWDocuments to Download for Reference
PDF - 205 What’s New & Reminders
FREE PREVIEW205 What’s New & Reminders
FREE PREVIEWPDF - 208 Introduction
FREE PREVIEW208 Introduction
FREE PREVIEWAccounting Comic Break
FREE PREVIEWPDF - 211 Qualifying for a Deduction
FREE PREVIEW211 Qualifying for a Deduction
FREE PREVIEWPDF - 214 Principal Place Of Business
FREE PREVIEW214 Principal Place Of Business
FREE PREVIEWPDf - 217 More Than One Trade or Business
FREE PREVIEW217 More Than One Trade or Business
FREE PREVIEWPDF - 221 Place To Meet Patients, Clients, or Customers
221 Place To Meet Patients, Clients, or Customers
Accounting Comic Break
PDF - 224 Figuring the Deduction
224 Figuring the Deduction
PDF - 227 Insurance, Repairs, Security, Utilities, Telephone
227 Insurance, Repairs, Security, Utilities, Telephone
PDF - 231 Depreciating Your Home
231 Depreciating Your Home
PDF - 232 Depreciating Your Home Example
232 Depreciating Your Home Example
PDF - 234 Business Percentage
234 Business Percentage
PDF - 237 Deduction Limit
237 Deduction Limit
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PDF - 241 Using the Simplified Method
241 Using the Simplified Method
PDF - 244 Simplified Amount & Examples
244 Simplified Amount & Examples
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PDF - 247 Daycare Facility
247 Daycare Facility
PDF - 251 Meals Daycare Facility
251 Meals Daycare Facility
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PDF - 254 Sale or Exchange of Your Home
254 Sale or Exchange of Your Home
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PDF - 257 Business Furniture and Equipment
257 Business Furniture and Equipment
PDF - 261 Property Bought for Business Use
261 Property Bought for Business Use
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PDF - 267 Recordkeeping
267 Recordkeeping
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PDF - 271 Where To Deduct
271 Where To Deduct
PDF - 274 Business Expenses for Use of Your Home
274 Business Expenses for Use of Your Home
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Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.
Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.
Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.
Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.
Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.
The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.
"Income Tax-Business Use of Home Deduction 2018 2019"
$27.81
Lifetime enrollment
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