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Car, Travel, and Home Office Deductions

Exam Questions: 40
Course Level: Basic
Pages: 206 | Content: 190, Supplemental: 16
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 7730C

This course will guide you through the ins and outs of maximizing business deductions for car expenses, travel, meals, and home offices. It includes detailed, clear explanations and practical examples of how the tax law is applied. All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-T-00416-21-S

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Course Information

Table of Contents
  • Introduction
  • Travel
  • Meals and Entertainment
  • Gifts
  • Transportation
  • Recordkeeping
  • How to Report
  • Business Use of Your Home
Objectives
  • To identify current information related to transportation expenses
  • To recognize what travel expenses are deductible
  • To identify the deductibility of non-entertainment-related meals and entertainment expenses
  • To identify the restrictions on the deduction for business gifts
  • To recall deductible transportation expenses
  • To identify the section 179 deduction requirements
  • To recognize the rules regarding the depreciation of vehicles
  • To recognize the various recordkeeping requirements for travel, gift, and transportation expenses
  • To identify what is required to adequately account to an employer for employee business expenses
  • To recognize the tax rules regarding the business use of a home
  • To identify how daycare facilities in a home qualify for different rules than other businesses

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