The Gig is Up: Handling Income in Unique Industries 2 Credits
Learning mode
This course is valid up to December 31st, 2024 for CFP Professionals. It is advisable to complete this course before that to process the credit on time.
In recent years, there has been a noticeable surge in the number of taxpayers opting to work from home, a trend that gained even more momentum due to the COVID-19 pandemic.
This paradigm shift in the way people work has sparked a heightened interest in the tax implications associated with home offices. In this context, it becomes imperative to delve into the Office in the Home rules, with a particular emphasis on self-employed taxpayers. Understanding these rules is crucial for self-employed individuals who seek to claim deductions related to their home offices, as it can significantly impact their tax liability.
Expanding further, it's not just self-employed taxpayers who need to navigate these rules. Home offices can also be relevant for various business entities. Therefore, your investigation should extend to exploring how these rules apply to entities, such as partnerships and S corporations, which often involve multiple owners and unique tax considerations. Additionally, the concept of accountable plans comes into play when reimbursing employees for home office expenses. This facet adds another layer of complexity to the topic, requiring thorough comprehension to ensure compliance with IRS regulations.
Furthermore, it's important to address the specific nuances related to taxpayers involved in the trade or business of real estate rentals. The IRS has distinct guidelines for individuals engaged in rental activities, and understanding how these rules intersect with home office deductions can provide valuable insights for taxpayers in this sector.
Major Topics Covered:
Join this CE Tax Course to stay updated on these tax regulations as tax professionals and individuals alike need to make informed decisions and optimize their tax positions while complying with the law.
Enter your qualification details to ensure this course is counted toward your compliance.
Add your qualification details to easily track your compliance. You can also add multiple qualifications for comprehensive coverage.
Credits
Course Level
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
MDM Financial Services is a family owned and operated tax preparation service with over 45 years of taxation experience. From father to son, the Metras family has brought integrity and clarification to the entire tax process for small businesses and individuals throughout the country. MDM works with a variety of businesses and is familiar with many common concerns that surface around tax season. Our knowledge base is heavy in small business operations and ways to alleviate the stress so often the norm when filing tax returns each year.
At MDM, our mission is to help you understand your taxes and give you confidence in the entire process. In economic times such as we have, small businesses have enough on their plates. Let us handle the stress of taxes while you worry about the day to day running of your business. MDM offers small business bookkeeping too! Leave more time for yourself, and let us balance your books.
I am an innovator at heart and my excitement comes from the concept of continual improvement. I strive to work with a university that is forward-thinking and innovative; leveraging technology to drive all disciplines forward and improve the world through technological advances.
I am a seasoned educator with higher-education experience both at the undergraduate and graduate levels having designed and taught over thirty unique courses in technology and business domains of computer science, cybersecurity, data science, data analytics, information systems, and more and private and public universities/colleges. I have experience locating and overseeing internships, advising in complete situations, and working with student research projects.
I am a 2022 National Recipient of one of only five NCAE-C PhD Scholarships as part of a trial program being managed by the National Security Agency (NSA).
I am a national speaker on tax topics and security matters within the financial industry. Having presented over forty unique presentations at global, national, regional, and virtual conferences, I am sought after to translate complex, technical topics into terms and actionable items that a non-technical user could comprehend.
Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.
To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.
Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.
To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.
After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.
To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.
Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.
To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
JH
This is the second course where the video stops, and I try to resume, and it takes me from all the way back to the beginning. So the courses are taking longer than advertised.
JC
This was one of the best seminars I have watched on this platform. The content was unique and the presenters did a great job keeping the information relevant and interesting.
Dec 12, 09:30 AM ET
Dec 12, 09:30 AM ET
Dec 12, 10:00 AM ET
Dec 12, 10:00 AM ET
Dec 12, 11:00 AM ET
.webp "Practical Guide to IRAs – Contributions & Distributions for Traditional, Roth, SEP & SIMPLE IRAs")
Dec 12, 11:00 AM ET
Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.
Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.
Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.
Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.
The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.
Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.
This course is included with,
Gain access to everything required for compliance, skill enhancement, and staying ahead of industry trends—all included in the Individual subscription. Here’s what you get:
Pre-selected courses for quick compliance
Connect with like-minded professionals on Teams.
Trusted by 250,000+ Professionals
