Taxes Made Easy-2022 Home Business Use Expenses & Deductions

Learn business use of your home tax rules and regulations and what qualified expenses you can use as deductions.

What you'll learn

By the end of this course you will be able to complete a tax return reporting expenses and claiming deductions for business use of your home

Learn the fundamentals of the business use of your home deduction

Learn about what expenses you can claim and deduct

Learn about depreciation and the section 179 deduction

Learn what qualifies your home as a principal place of business

Learn about record keeping and what supporting documents you should keep

Requirements

A willingness to learn business use of your home tax filing the easy way.

Description

Adding business use of your home expenses to your tax return can highly benefit the total deduction amount you claim on your returns.This course is designed to help you understand the tax rules and requirements around the business use of your home tax deduction.You'll learn all the fundamentals of reporting and filing your the home business use section of your return. You will also learn about the deductions you can claim for expenses you paid while using your home for business along with the rules that qualify your home as a primary place of business.You’ll learn how to calculate the business percentage of your home and you’ll learn about depreciation, the section 179 deduction and deduction limits.This course contains 42 lectures and 1 hour of content.  This Taxes Made Easy- Business Use of Your Home course and is designed for anyone and any type of learner, Regardless of your level of tax experience or  your level of tax understanding.By the end of this course, you'll have a good understanding of completing the business use of your home tax section as well as home use definitions, rules and requirements. You will also have a good understanding of qualifying home use expenses and deductions.

Overview

Section 1: Introduction

Lecture 1 Introduction & Welcome

Lecture 2 About The Instructor

Lecture 3 Disclaimer

Lecture 4 Course Purpose

Section 2: The IRS Meaning of the Term "Home"

Lecture 5 The IRS's Meaning of the Term "Home"

Lecture 6 Business Use of Your Home Qualification Rules

Section 3: Meanings & Definitions

Lecture 7 Exclusive Use, Regular use and Trade or Business Use

Lecture 8 Special Exceptions

Section 4: Principle Place of Business Qualification Details

Lecture 9 Principle Place of Business Qualifications

Lecture 10 Part Time Usage of Primary Place of Business

Lecture 11 More Than One Trade or Business Use

Lecture 12 Shared Usage and Joint Ventures

Lecture 13 Places To Meet Patients, Clients and Customers

Lecture 14 Separate Structures

Lecture 15 Part-Year Usage

Section 5: Expense Calculation Types and Business Percentages

Lecture 16 Actual Expenses vs. The Simplified Method

Lecture 17 Business Percentage

Section 6: Types of Expenses & Deductions

Lecture 18 Direct, Indirect and Unrelated Expenses

Lecture 19 Mortgage Interest & Excess Mortgage Interest

Lecture 20 Mortgage Insurance Premiums

Lecture 21 Real Estate Taxes

Lecture 22 Home & Renters Insurance

Lecture 23 Rent Payments

Lecture 24 Repairs & Maintenance

Lecture 25 Utilities & Services

Lecture 26 Telephone & Cell Phone Expenses

Lecture 27 Security Systems

Lecture 28 Expenses Related to Tax-Exempt Income

Lecture 29 Sharing Space & Joint Venture Expenses

Lecture 30 Sharing a Home With a Roommate or Tenant

Section 7: Certain Business Property & Business Equipment

Lecture 31 Special Rules

Lecture 32 Section 179 Deduction

Lecture 33 Depreciation

Lecture 34 Home Depreciation

Lecture 35 Listed Property

Lecture 36 Property Purchased For Business Use

Section 8: Deduction Limits

Lecture 37 Deduction Limit Rules

Lecture 38 Carryover of Unallowed Expenses

Section 9: Recordkeeping

Lecture 39 Recordkeeping Suggestions

Section 10: Course Resource Links

Lecture 40 Course Resource Links

Section 11: Course Bibliography & Thank You!

Lecture 41 Course Bibliography

Lecture 42 Thank You for Attending!

Learners interested in knowing how to file a tax return containing business use of your home expenses and deductions.,Learners interested in knowing what expenses and tax deductions can be claimed for the business use of their home.