DALLAS, TX--(Marketwire - Jul 17, 2012) - APlusCPE® is pleased to announce the immediate availability of a new online CPE course titled, Hobby vs. Business and At Risk Limitations. Hobby vs. Business is the first video-based continuing education course offered by APlusCPE. APlusCPE's video technology allows students to view video-based courses easily through various browsers and wireless devices, including iPads and smartphone browsers.
Many taxpayers receive income from other sources in addition to their wage and salary earnings. Hobby vs. Business and At Risk Limitations helps tax preparers to determine how to correctly report the related income and expenses, by first classifying whether an activity is engaged in for profit, such as a business or investment activity, or is engaged in as a hobby.
In this video course, Robert Cross, PA, ABA, ATA presents a comprehensive overview of Internal Revenue Code Section 183 (Activities Not Engaged in for Profit) which limits deductions that can be claimed when an activity is not engaged in for profit. He outlines the nine factors from IRC 183 used to determine whether an activity is more correctly described as a hobby or a business. Each factor is supported by examples from the author's tax practice and relevant Tax Court cases.
Hobby vs. Business and At Risk Limitations is approved by the IRS for 4-hours of Enrolled Agent CPE and 4-hours of RTRP CE credit, and is available online for just $15.95. To order APlusCPE's online video enhanced course, Hobby vs. Business and At Risk Limitations for just $15.95 go to www.APlusCPE.com or call our toll-free customer support at 877-488-9315.