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Deductions: Car Expense and Vehicle Disposition

Taxes

Deductions: Car Expense and Vehicle Disposition

Course 32502B · 2 hrs · CPA & EA

Car expense deductions are among the most frequently claimed — and most frequently mishandled — in tax practice. This course walks through the transportation deduction rules, including the standard mileage rate and actual expense methods, and helps you determine which approach works best for your clients' situations. It also addresses the tax consequences that arise when a business vehicle is sold or disposed of, an area that catches many taxpayers off guard. A focused, practical resource for professionals working with self-employed clients or small business owners with vehicle-related deductions.

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  • Hours: 2
  • Exam questions: 8
  • Eligible for: CPA & EA
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NASBA Area: Taxes

CPE requirements: See your state's CPE requirements

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Deductions: Car Expense and Vehicle Disposition
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