Business Auto Deduction - Technical Know How
Master vehicle depreciation across passenger, heavy, and special vehicle categories. Learn to properly classify business mileage, leverage home office benefits, understand lease exclusion rules, and convert personal vehicles to business use.
Only $99/month for group mentorship & full access to all courses with visuals.
Learning Objectives
At the completion of this course, participants will be able to:
Course Description and Highlights
Why Join This Quest?
Interactive Learning: Engaging videos and training activities.
Expert Guidance: Led by industry professionals with over 17 years of experience.
Client-ready Visuals: Use the visuals provided as your go-to resource to use in client meetings, training, and reviewing the topic.
Course Information
- Program Name: Business Auto Deduction - Technical Know How
- IRS Program Number: NKOMQ-T-00042-25-S
- Publication/revision/review date: April 22, 2025
- IRS Education and NASBA provider: Mastermind Advisors, Inc DBA Level Up Quest
- Delivery Method: Self-study, On-Demand (IRS), QAS Self-Study (NASBA)
- Program Level: Basic
- Prerequisite: None
- Advanced Preparation: None required
- Field of Study: Federal Tax Topic/Federal Tax Related Matter (IRS), Taxes (NASBA)
- CPE Credits: 1 IRS CE credit, 1 hour in Taxes (NASBA)
- Length: 1 hour plus optional Side Quests (no CE for Side Quests)
- Instructor: Phuc Ly, Enrolled Agent
Qualified Assessment and Completion Requirements
To successfully complete the course and earn 1 hour of IRS CE credit, participants must:
Complete All Lessons: Watch videos and review supporting materials.
Complete Knowledge Checks and Exercises: Friendly check-in to make sure you’re paying attention. Answer the question and review the answers.
Achieve a Passing Score: Obtain 70% or higher on the final test.
Earning hour/CPE credit: Completion of the qualified assessment must be within one year of the date of purchase or enrollment of the course.
IRS Provider Number: NKOMQ
Mastermind Advisors, Inc. DBA Level Up Quest is recognized and approved by the Internal Revenue Service Return Preparer Office (RPO) as a qualified sponsor of continuing education programs. Webinars are designed to meet all requirements of Circular 230, including sections 10.6 and 10.9. This does not constitute an endorsement by the IRS RPO.
National Association of State Boards of Accountancy (NASBA) Sponsor Identification Number: XXXXX
Mastermind Advisors, Inc. DBA Level Up Quest is registered with the National Association of State Boards 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: www.nasbaregistry.org.
Course Policies
- Earning hour/CPE credit:
Completion of the qualified assessment must be within one year of the date of purchase or enrollment of the course. - Refund Policy:
Refunds are available for the last unused month of a membership. Retroactive refunds for prior months will not be issued. Refund requests are processed within 7–10 business days. - Cancellation Policy:
Participants will be notified via email at least 3 days prior to program cancellations. Updates on new program offerings will be sent if available. - Complaint Resolution:
For complaints, contact Phuc Ly at info@levelupquest.io or 415-871-0169. Complaints will be resolved within 7 business days. - Development and Review Process:
Tax programs include the participation of at least one IRS Enrolled Agent, CPA, or tax attorney in the development or review process. Accounting and auditing programs are developed with the participation of at least one licensed CPA, ensuring compliance with NASBA standards. - Enroll:
Click on the "enroll" button to join the Level Up Quest membership and have access to all of our courses and visuals.
Any issues with signing up? Email us at info@levelupquest.io.
Instructor
Phuc Ly
Present and CEO
Phuc Ly, an Enrolled Agent (100817EA), holds a Bachelor’s degree from San Jose State University. Phuc has over 17 years of experience in the tax industry, having built and grown Alpha B Group Tax and Bookkeeping into a highly successful firm based in Santa Clara, CA. Under Phuc's leadership, the firm became Yelp’s #1 rated tax firm in the country, managing a diverse client base of around 800 individuals and businesses, primarily focused on those with stock options and complex tax scenarios.Throughout the years of ownership, Phuc trained and developed a team of employees who were capable of handling high-value, client-facing responsibilities. This training empowered them to conduct one-on-one meetings with clients, perform intricate tax planning, and take on complex tasks with minimal supervision. This strategic delegation not only freed up time but also helped grow the firm into a seven-figure business.After selling the tax firm, Phuc’s new mission is to share this experience and knowledge by training the next generation of tax associates. Through Level Up Quest, Phuc focuses on helping tax professionals take on more advanced work, using a unique learning approach that combines visuals, storytelling, and analogies to simplify even the most complicated tax topics. This method ensures that learners grasp key concepts with greater clarity, making tax education more engaging and effective.
This course also includes:
- Interactive activities
- Client-ready Visuals
- CPE Credit/Hour
- Certificate of Completion
Instructor
Phuc Ly
Present and CEO
Phuc Ly, an Enrolled Agent (100817EA), holds a Bachelor’s degree from San Jose State University. Phuc has over 17 years of experience in the tax industry, having built and grown Alpha B Group Tax and Bookkeeping into a highly successful firm based in Santa Clara, CA. Under Phuc's leadership, the firm became Yelp’s #1 rated tax firm in the country, managing a diverse client base of around 800 individuals and businesses, primarily focused on those with stock options and complex tax scenarios.Throughout the years of ownership, Phuc trained and developed a team of employees who were capable of handling high-value, client-facing responsibilities. This training empowered them to conduct one-on-one meetings with clients, perform intricate tax planning, and take on complex tasks with minimal supervision. This strategic delegation not only freed up time but also helped grow the firm into a seven-figure business.After selling the tax firm, Phuc’s new mission is to share this experience and knowledge by training the next generation of tax associates. Through Level Up Quest, Phuc focuses on helping tax professionals take on more advanced work, using a unique learning approach that combines visuals, storytelling, and analogies to simplify even the most complicated tax topics. This method ensures that learners grasp key concepts with greater clarity, making tax education more engaging and effective.
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