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Business Expenses for Sole Proprietors CPE Training Course



Course Title: Business Expenses for Sole Proprietors
Course Version: 3.0
Video Lessons: 42
Subject: Taxes
Online (Single Course): $50 |   
Online (All Courses): Access ALL courses. One price. | 
Multi-User: Need to train multiple people? | 
CPE Credits: CPAs (3) Verify | Enrolled Agents and OTRPs (3)

Course Description

This course will present an overview of the tax treatment of business expenses which are incurred by sole proprietors (and employees whose employers do not reimburse expenses). We will explore expenses that sole proprietors incur for business-related travel, transportation, meals, entertainment, and gifts; we will also look at the IRS rules related to recordkeeping and reporting such business expenses.

Watch, listen and learn as your expert instructor guides you through each lesson step-by-step. During this media-rich learning experience, you will see and hear each lesson just as if your instructor were there with you. Reinforce your learning with the text of our course transcript.

We have incorporated years of classroom training experience and teaching techniques to develop an easy-to-use course that you can customize to meet your personal learning needs. Simply launch the easy-to-use interface, click to start a video lesson or open the transcript and you’re on your way to mastering business expenses for sole proprietors.


Course Syllabus & Sample Lessons

Select any of the video lessons markedfreeto view them in a new window.

CHAPTER 1- Travel Expenses
Lesson 1.1- Chapter One Learning Objectives and Key Terms
Lesson 1.2- Introduction to Travel Expenses
Lesson 1.3- Tax Home versus Family Home free
Lesson 1.4- Traveling Away from Home free
Lesson 1.5- Temporary Assignments or Jobs
Lesson 1.6- Deductible Transportation Expenses
Lesson 1.7- Business Travel versus Personal Travel
Lesson 1.8- Travel Outside the United States
Lesson 1.9- Luxury Water Travel
Lesson 1.10- Conventions
CHAPTER 2- Entertainment, Meal, and Gift Expenses
Lesson 2.1- Chapter Two Learning Objectives and Key Terms
Lesson 2.2- Introduction to Entertainment, Meal, and Gift Expenses
Lesson 2.3- Directly-Related Test
Lesson 2.4- Associated Test
Lesson 2.5- The 50% Limit
Lesson 2.6- Exceptions to the 50% Limit
Lesson 2.7- Rules Related to Entertainment Expenses
Lesson 2.8- Nondeductible Entertainment Expenses
Lesson 2.9- Meal Expenses
Lesson 2.10- Gift Expenses
CHAPTER 3- Car (And Other Transportation) Expenses
Lesson 3.1- Chapter Three Learning Objectives and Key Terms
Lesson 3.2- Introduction to Car Expenses
Lesson 3.3- The Standard Mileage Rate
Lesson 3.4- Actual Expenses
Lesson 3.5- Section 179 Deductions
Lesson 3.6- The Special Depreciation Allowance
Lesson 3.7- The Depreciation Deduction
Lesson 3.8- 50% or Less Business Use
Lesson 3.9- Leasing a Car
Lesson 3.10- Disposition of a Car
CHAPTER 4- Recordkeeping and Reporting
Lesson 4.1- Chapter Four Learning Objectives and Key Terms
Lesson 4.2- Introduction to Recordkeeping and Reporting
Lesson 4.3- Records to Keep and Proving Expenses
Lesson 4.4- Incomplete Records
Lesson 4.5- Separating or Combining Expenses
Lesson 4.6- How to Report Expenses
Lesson 4.7- Accountable Plans
Lesson 4.8- Non-Accountable Plans
Lesson 4.9- IRS Form 2106
Lesson 4.10- Special Filing Rules
Lesson 4.11- Further Reading and Conclusion

 Business Expenses for Sole Proprietors CPE Training Course Overview

Course includes all video lessons and the instructor’s course transcript, a practice exam with evaluative feedback (find out why your answers are right or wrong), your final exam submission, and a course certificate of completion. The Business Expenses for Sole Proprietors CPE training course qualifies for continuing education credit for CPAs (Certified Public Accountants) in certain states, Enrolled Agents (EAs) and Other Tax Return Preparers (OTRPs) nation-wide.

At TeachUcomp, Inc., you choose how you want your training delivered.

Online subscriptions offer the most flexibility and value. With online training, you can access your courses anytime and anywhere you have an internet connection (including all new releases and updates). Your subscription grants you instant access to ALL of our courses for one low price. There are no contracts and you can cancel at any time. You may choose between a monthly or annual plan.

Courses are also available individually via one year online for a one-time charge.




TeachUcomp, Inc. is registered with the National Association of State Board of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:






TeachUcomp, Inc. is an Approved Continuing Education Provider for Enrolled Agents (EAs) and Other Tax Return Preparers (OTRPs) nation-wide. We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6 (g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.