Auto Taxation Rules (2 Hrs)

Course Description

Auto Taxation Rules 2-hr CPE course

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. This auto taxation rules mini-course reviews apportionment of personal and business use, the actual cost method and the standard mileage method, and expensing. Moreover, this presentation informs practitioners about topics such as the benefits and costs of leasing versus owning, and working condition fringe benefits.

Course Information

Price: $33
Course No. M030
Format: Online pdf (69 pages). Printed book available.
Instructional Delivery Method: QAS Self-Study
Prerequisites: General understanding of federal income taxation
Advance Preparation:None
Level: Overview
CPE Credit: 2 hrs.
Field of Study: Taxes
Course expiration:  You have one year from date of purchase to complete the course.
Course Revision Date: March 2017


Upon completion of this course you should:

1. Understand how to apportion automobile expenses between personal and business use.
2. Gain an understanding of the actual cost method and its requirements.
3. Understand how to utilize the standard mileage method.
4. Be familiar with tax implications of auto trade vs. sale.
5. Understand working-condition fringe benefits as they relate to automobiles.
6. Increase your knowledge of auto leasing.
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