Highlights

Key Topics - Fringe benefits - Retirement plan distributions - Hobby losses - Home Offices - Depreciation and amortization - Tax Credits

Objectives

When you complete this course you will be able to: - Recognize compensation issues and nontaxable employee fringe benefits - Identify the specific rules that apply under the "passive activity" rules - Identify and calculate the business deduction for home office expenses and deduction limitations on vacation homes and other ordinary business expenses - Analyze the deductibility of hobby losses - Identify the rules for depreciation and amortization deductions - Differentiate between capital and ordinary income treatment on property transactions - Identify tax consequences for self-employed retirement plans and IRAs - Gather the necessary information required to include the claim for a tax credit on an individual income tax return

Location