|Take This Self-Study Course||
Purchase This With CPE Credit For $20.00
When this course is complete you will discover the limitations associated with home mortgage interest and see why it is becoming a favorite IRS audit target. You will learn how to determine the limits related to refinance issues, the AMT adjustments required, and how to apply the excess debt tracing rules. Discover how to use the unsecured election to your client’s advantage and the pitfalls associated with that election. this course includes matters that need to be considered for a home under construction, non-conventional homes, home to rental conversations, second homes, deductibility of reverse mortgage interest, beneficial ownership, time-share interest and other special considerations.
Prerequisites: Basic Understanding of Tax Preparation
Final Exam Grading Policy: Course material must be completed within 12 months of purchase. A score of 70% or better is needed for passing. The completion certificate will be automatically generated by the system.
Accreditation: CTEC, NASBA-QAS, IRS, Enrolled Agents
2 Hours CPE