Schedule C of Form 1040
Valid for one year from purchase date
Self-study - On-Demand
2 CPE (2 technical)
Course code: 24SX-0114
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If your organization is exempt
from sales tax, call us at 952-831-2707 to complete your purchase.
Add to cart
Many self-employed or sole proprietors find themselves having to navigate Schedule C in reporting business income. While this attachment to Form 1040 seems straightforward on the surface, there are many traps for the unwary. This course is ideal for CPAs, EAs, or other tax professionals.
Major subjects
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Schedule C
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Business Deductions
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Self-employment taxes
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Business use of a vehicle
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Section 179 and Bonus Depreciation
Learning objectives
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Identify the appropriate taxpayers who should be filing Schedule C.
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Discuss the difference between the cash and accrual method, and the correct period in which taxpayers must recognize income and/or deductions.
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Develop a working knowledge of related issues, such as reporting the deduction of self-employed health insurance, employment taxes, home office deductions, and proper reporting of employee/independent contractor salaries. and retirement contributions.
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Discuss types of typical deductions, such as advertising, utilities, supplies, etc.
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Determine the methods of deducting the cost of a company car.
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Be able to apply the rules, such as Section 179 or bonus depreciation, which permit the immediate expensing of some or all of the cost of certain assets
Who should take this program?
- This course is ideal for CPAs, EAs, or other tax professionals.
Pricing
|
Standard Member Fee |
$58.00
|
 Standard Nonmember Fee |
$58.00
|
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you are a
nonmember.
If you register, you will be charged
$58.00
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If your organization is exempt
from sales tax, call us at 952-831-2707 to complete your purchase.
Add to cart
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (2.0)
Level
Basic
Format
Self-study - On-Demand
Sponsor
NASBA ID#: 108744
Prerequisites
Prereq.
None
Advance
prep
None
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