The home office deduction remains one of the most misunderstood and most overlooked business deductions. Many eligible taxpayers avoid claiming it due to fear of IRS scrutiny, yet the rules are clear when applied correctly. This focused 2-hour webinar breaks down the qualifying tests, reporting requirements, calculation methods, and special provisions that apply when part of a residence is used regularly and exclusively for business. This webinar counts for 2 Hours of Federal Tax Law for IRS Continuing Education.
We will walk through the two allowable calculation methods, how to allocate expenses, the treatment of separate structures, and the unique rules that apply to daycares. You’ll also learn the critical considerations when a home office property is sold, including how the Section 121 exclusion interacts with depreciation.
We’ll cover the newest guidance and flag the most common red-flag issues that trigger IRS attention. By the end, you’ll have a clear and practical understanding of how to apply this deduction correctly and confidently.
Updated Learning Objectives
After completing this webinar, attendees will be able to:
- Explain the qualification tests for claiming a home office deduction, including the “regular and exclusive use” standards.
- Identify where and how to report the deduction, including rules for separate structures and mixed-use spaces.
- Differentiate between the simplified and actual expense methods, and determine when each method is most appropriate.
- Apply special home office rules for daycares, including calculations that differ from standard exclusive-use requirements.
- Evaluate tax implications when selling a home office property, including depreciation considerations and Section 121 interactions.
- Recognize business-use limitations and common IRS red flags that affect eligibility or audit risk.
This webinar counts for 2 Hours of Federal Tax Law for IRS Continuing Education.
About the Presenter:
Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert, and a well-known presenter of continuing education courses.
Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics, and much more.
He has presented dozens of webinars on Form 1099 (for 10 years on this subject!), marriage in the tax code, tax updates, the new Form W-4, payroll updates, filing status, tax credits, corporation and partnership taxation, and other issues relating to the modern-day setting.
