Topics covered include: Benefits of the Home Office; Red Flags; Employees working at home; Schedule C business at home; Daycare business at home; Home Office and the entitity: S Corp, C Corp, Partnership; Home Office and the entitity: S Corp, C Corp, Partnership; Limits to home office deductions; Maximizing home office area; Depreciation must be taken. Upon completing this course, you should be able to: Recognize how to use the home office deduction to the taxpayer's best advantage; Describe how to avoid needless audit; Identify a disadvantage of having a home office; Identify red flags for a home office; Recognize the questions a taxpayer should assess to determine if a home office deduction is allowed; Describe how to avoid needless audit Identify a disadvantage of having a home office Identify red flags for a home office Recognize the questions a taxpayer should assess to determine if a home office deduction is allowed; Identify characteristics of the simplified home office deduction method; Describe how to avoid needless audit Identify a disadvantage of having a home office Identify red flags for a home office Recognize the questions a taxpayer should assess to determine if a home office deduction is allowed Identify characteristics of the simplified home office deduction method; Differentiate deductible expenses for home offices without visitors; Recognize proper statements with respect to the accounting for daycares; Identify key characteristics of avoiding home office disadvantages; Describe forms included in a taxpayer's return which would be red flagged if they also have rent or utilities included on Schedule C; Identify the maximum allowable amount and square foot of a home used as a business that can be deducted when using the simplified method; Identify the maximum allowable amount and square foot of a home used as a business that can be deducted when using the simplified method; Identify characteristics of the regular method with respect to the home office deduction; Identify the maximum allowable amount and square foot of a home used as a business that can be deducted when using the simplified method Identify characteristics of the regular method with respect to the home office deduction; Recognize the business percentage used when a client rents a home; Describe the amount of interest on a mortgage is limited to total acquisition debt.