Self-Study
2
Overview
Taxes
There are no prerequisites

Course Description

Operating costs for vehicles used in the course of a taxpayer's business are deductible. Thus, when taxpayers use their vehicles in their businesses or employment, they can deduct that portion of the cost of operating their vehicle. Such costs that can be deducted are property taxes that are paid on their vehicle if deductions are itemized on Schedule A. This informative course reviews apportionment of personal and business use, the actual cost method, the standard mileage method, and expensing. Moreover, this presentation will give you the information you need to know regarding topics such as the benefits and costs of leasing versus owning, and working condition fringe benefits.



Instructor

Danny Santucci, JD

Danny Santucci, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later, he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas, working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning.

As a speaker to more than 100 groups nationally each year—including those attending Western CPE conferences—he’s known for spicing his extensive expertise with an incredible sense of humor. Danny also produces several taxation self-study courses, many of which are included in Western CPE’s best-selling Online MegaTax Library.



Course Specifics

Taxes
Jul 6, 2016
There are no prerequisites
SS8132069
76
None


Compliance Information

103220
IRS Provider #: 0MYXB IRS Course ID: 0MYXB-T-00035-13-S IRS Federal Tax Update Credits: 2
CTEC Provider #: 2071 CTEC Course ID: 2071-CE-0327 CTEC Federal Tax Update Credits: 2 Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify tax vehicle depreciation (§168) and expensing (§179) methods and their requirements and limitations under MACRS.
  • Specify factors that affect monthly lease payments.
  • Identify items included under the standard mileage method.
  • Cite the valuation methods of taxable fringe benefits for an employer provided automobile.
  • Identify the applicable reporting standards of qualified nonpersonal use vehicles.


Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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