Publisher
WiseGuides, Inc.
2796 Greenspire Ln
Akron, Oh 44333
Miscellaneous Expense
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Copyright © 2010 | Field of Study: Taxes Level: Basic Recommended CPE Credit 2 hours Prerequisites: None Advanced Preparation: None Type of Delivery: Self-Study Expiration: Course expires 1 year after purchase Course Update: January 2010 Accreditation: NASBA, IRS, CTEC, OTPB Guarantee/Complaint Resolution |
Course Outline
Lesson 1 - CHANGES
Learning Objectives 1
Changes
Introduction
Lesson 2 - DEDUCTIONS SUBJECT TO THE 2% LIMIT
Learning Objectives 2
The 2% Limit
Unreimbursed Employee Expenses - List
Business Bad Debt
Depreciation on Home Computers or Cellular Phones
Education That is Employment Related
Home Office
Figuring Office Deduction
Job Search Expenses
Travel and Transportation
Meals and Entertainment
Union Dues, Work Clothes, Uniforms
Professional Organizations
Lesson 3 - OTHER EXPENSES SUBJECT TO THE 2% LIMIT
Learning Objectives 3
Certain Other Expenses Subject to 2% Limit
Hobby Expenses
Indirect Deductions of Pass-Through Entities
Legal Expenses
Loss on Deposits
Repayments of Income
Tax Preparation Fees
Trustee's Administrative Fees for IRA
Lesson 4 - DEDUCTIONS NOT SUBJECT TO THE 2% LIMIT
Learning Objectives 4
Not Subject to 2%
Amortizable Premium on Taxable Bonds
Federal Estate Tax on Income in Respect of a Decedent
Gambling Losses
Impairment-Related Work Expenses
Repayments Under Claim of Right
Unrecovered Investment
Performing Artists
Armed Forces Reservists
Lesson 5 - NONDEDUCTIBLE EXPENSES
Learning Objectives 5
List of Expenses
Lobbying Expenses
Personal Legal Expenses
Tax-Exempt Income Expense
Lost Cash
Accreditation Fees
Lesson 6 - HOW TO REPORT
Learning Objectives 6
Where to Report on Schedule A
Form 2106
Statutory Employee
Form 2106-EZ Example
Course Objectives
Lesson - 1After completing this lesson, you will be able to:
- Identify when a taxpayer can use Form 2106-EZ instead of Form 2106
Pay particular attention to paragraphs marked by the Wiseguy.
He'll guide you to key issues.
After completing this lesson, you will be able to:
- Define an ordinary business expense
- Identify when a taxpayer can deduct job search expenses
- Identify what the 50% limit on deductibility of business expenses applies to
After completing this lesson, you will be able to:
- Figure the amount of miscellaneous itemized deductions to report that are subject to the 2% of AGI limitation
After completing this lesson, you will be able to:
- Figure the amount of gambling losses not subject to the 2% limit
After completing this lesson, you will be able to:
- Identify expenses that are not deductible on Schedule A, Form 1040 as an itemized deduction
After completing this lesson, you will be able to:
- Identify where to report business expenses on the tax return