At the end of this course, the student will be able to do the following:
- Explain which deductions are limited to the 7.5% floor.
- Identify which deductions are limited to the 2% floor.
- Recap what ordinary and necessary expenses are reported on Form 2106 for prior year tax returns.
Field of Study: Federal Tax Law 2 Hours
Course Level: Intermediate
Prerequisite: General tax preparation knowledge is required
Delivery Method: Self-Study
IRS CE: 15G0B-T-00452-20-S