Webinar: Schedule C of Form 1040
WC298 | Course | Basic | Scheduled
Description
Many self-employed or sole proprietors find themselves having to navigate Schedule C in reporting business income. While this attachment to Form 1040
Credits
Number of Credits | Type of Credits |
---|---|
2.00 | Taxes |
Designed For
This course is ideal for CPAs, EAs, or other tax professionals.
Prerequisites
None
Highlights
The major topics covered in this class include:
- When Schedule C applies
- Cash v. Accrual method
- Typical business deductions
- Business vehicle expenses
- Section 179 and bonus depreciation
Objectives
After attending this presentation, you will be able to...
- 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
Preparation
None
Notes
Webinar Day - HELP and Assistance Instructions
- The session will open 30 minutes prior to the start time. At that time, you will receive a reminder email bringing you to your Attendee Dashboard and a link to join the webinar.
- We recommend you log in early to ensure you are ready to go when the presentation begins.
- IF YOU ARE HAVING TROUBLE LOGGING INTO THE WEBINAR, please call the CPA Crossings Customer Service Team at (877)-370-2220 Ext. #1.
Prices
- Member (Early Bird)
- $89.00
- Non-Member (Early Bird)
- $89.00
- Member
- $89.00
- Non-Member
- $89.00