Webinar

Schedule C of Form 1040

Friday, March 21, 2025
8-10 a.m. Central
2 CPE (2 technical)

Course code: 24WX-4398
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Alternate dates & more options

Wednesday, April 2, 2025 - Webinar

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 event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Major subjects

When Schedule C applies
Cash v. Accrual method
Typical business deductions
Business vehicle expenses
Section 179 and bonus depreciation

Learning objectives

Identify the appropriate taxpayers who should be filing Schedule C
Recognize the difference between the cash and accrual method, and the correct period in which taxpayers must recognize income and/or deductions
Indicate 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
Distinguish types of typical deductions, such as advertising, utilities, supplies, etc.
Determine the methods of deducting the cost of a company car
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?

CPAs, EAs, or other tax professionals.

Pricing

Standard Member Fee	$89.00
Standard Nonmember Fee	$89.00

Our records indicate you are a nonmember. If you register, you will be charged $89.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

Firm administrators: Please log in before starting the employee registration process.