Philadelphia Tri County: SECURE Act 1.0 and 2.0 and The Home Office Deduction E3S5R-T-00884-25-I

SECURE Act 1.0 and 2.0: This session will cover the most important provisions applicable to local tax practitioners of the two SECURE Acts that were passed in 2019 and 2022. Not that many proposes and final regulations have been released, we will discuss provisions most applicable to individuals and small business clients. 

THE HOME OFFICE DEDUCTION—Qualification and Reporting: This course will examine the federal income tax deduction for business use of a Home and will discuss: Qualifying for the deduction, Determining a taxpayers' home office deduction using the actual expenses and simplified methods; recording keeping requirements; where to take the deduction and the forms a tax preparer should use; including Partnerships and S Corporations, and PA Rules.