Rental Income and Expense
Ever wondered how to make the IRS work in your favor when renting a dwelling unit? Join our CE Tax Webinar as we decode IRC §280A(g) and unveil the secrets to maximize your tax benefits.
The Internal Revenue Code (IRC) §280A(g) holds valuable insights and rules for taxpayers who rent a dwelling unit that they also occasionally use during the taxable year. In these situations, it becomes crucial to ascertain the percentage of days associated with rental income, personal use, and non-rental/personal usage. These determinations are essential for accurately calculating deductible expenses and deciding which tax form to use when reporting these expenses.
But that's not all – the IRC also introduces a special rule for taxpayers who rent their residence for fewer than 15 days during the year. This seemingly simple provision comes with its own set of intricacies and potential pitfalls.
Join this CE Tax Webinar as we delve deep into the complexities of IRC §280A(g). Our expert presenter Tony Curatola will break down the rules, guide you through the calculations, and highlight common pitfalls to avoid. By the end of this session, you'll have a clear understanding of how to navigate these regulations, ensuring you make informed decisions and maximize your tax benefits.
Don't miss this opportunity to master the nuances of IRC §280A(g) and gain the knowledge needed to confidently handle dwelling unit rentals on your tax returns. Sign up now and stay ahead of the curve in your tax planning and reporting endeavors.
Joseph F. Ford Professor of Acct’g & Tax, Drexel University
Dr. Curatola is the Joseph F. Ford Professor of Accounting at Drexel University in Philadelphia. He is the Tax Column Editor for Strategic Finance since 1992. He has served as the editor of the Journal of Legal Tax Research and currently serves on the editorial review board of several journals, and has held a variety of leadership positions, including current national service with the Institute of Management Accountants. He has published over 250 articles in journals including Journal of Financial Services Professionals, Journal of the American Taxation Association, Journal of Forensic & Investigative Accounting, Oil, Gas, & Energy Quarterly, and Tax Notes to name a few. Dr. Curatola was a co-editor on IRA Answer Book by Wolters Kluwer and author of the EA Review course for Surgent Publishers. Dr. Curatola externally funded research findings have appeared in media such as Forbes Magazine, The Washington Post, The Wall Street Journal, The New York Times, and other media outlets.
Course Level
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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 maintenance 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 through its website: www.NASBARegistry.org.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
22 Ratings
OM
May 7th, 2024
Professor Curatola offered a very thorough presentation in the complexities of rental properties, disallowance of certain expenses with business applications of personal/independent use of properties in rent, etc. Good presentation. We face these issues with most returns. Thank you
KQ
Dec 30th, 2023
Presenter and materials were excellent. I appreciated the transcription provided in this course.
FC
Dec 30th, 2023
This webinar is a solid review of the old rules and brings up good issues created by the TCJA.
NM
Oct 23rd, 2023
Very great and informative presentation on relevant tax issues.
MP
Nov 20th, 2023
Very nice presentation and really informative.
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