Employee Business Expenses and Other Miscellaneous Deductions – 2017 Law – Self-Study (No Videos)
This is the fourth course in our four part series on itemized deductions. Here we explore rules for claiming employee business expenses and other miscellaneous deduction items.
- Unreimbursed employee business expenses
- Rules for deducting local transportation expenses
- Meal and entertainment expenses
- Travel for business and personal reasons
- Accountable vs. nonaccountable employer plans
- AMTRAK Act
- Business gifts
- Work related education expenses
- Job search expenses
- Rules relating to home office expenses
- How to compete Form 2106 Employee Business Expenses
- Accountable vs. nonaccountable employer reimbursement plans
- Record-keeping requirements
- Deducting tax preparation fees
- Other miscellaneous itemized deductions
- Limits on itemized deductions and exemption deductions
- Affect of AMT on deductibility of certain itemized deductions
- Nondeductible expenses
At the conclusion of this course you should be able to:
- Distinguish between business expenses that are deductible by an employee and those that are not deductible
- Describe rules pertaining to deducibility of travel, meal, entertainment, education and auto expenses
- Determine if a transportation worker falls under the AMTRAK Act
- Identify expenses trigger a reporting requirement for Form 2106
- Complete Form 2106 Employee Business Expenses
- Describe deductions that are not subject to the 2% limit
- Explain how the alternative minimum tax can minimize or negate the benefits associated with certain itemized deductions
- Explain how your total allowable itemized deductions may be limited for certain taxpayers whose income exceeds certain threshold amounts
Classwork assignments will provide opportunities for students to apply concepts covered in this course to sample tax forms including Schedule A, and Form 2106.
2017 Tax Law
Ends: Saturday, July 31, 2021 11:59 PM (PST)
Started: Wednesday, August 15, 2018 11:59 PM (PST)
Ended: Sunday, July 31, 2022 11:59 PM (PST)
|IRS (Federal Tax Law)||4 Hours|
|Oregon Tax Board||4 Hours|
Field of Study
Basic tax knowledge
IRS Federal Program Number
Meet Your Instructor
April Gutierrez, Enrolled Agent:
Known for her entertaining speaking style and ability to make a complex subject easy to understand, April is frequently invited to speak to business groups and news media on tax-related topics. She has a B.A. in Communication Studies from Murdoch University in Perth, Australia. She obtained her Oregon LTC in 1995.April resides in Portland, Oregon, with her husband Jess and their two sons. Her pastimes include gardening, travel, and playtime with her Arabian horse, Fancy.
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Basic Tax Law
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