Schedule C of Form 1040 (Z2-390)

Events Search

100 Minutes

On Demand - Video

2 CPE Credits in TX

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.

BENEFITS

Identify the appropriate taxpayers who should be filing Schedule C.
Discuss the difference between the cash and accrual method, and the correct period in which taxpayers must recognize income and/or deductions.
Develop a working knowledge of related issues, such as reporting the deduction of self-employed health insurance, employment TX, home office deductions, and proper reporting of employee/independent contractor salaries. and retirement contributions.
Discuss types of typical deductions, such as advertising, utilities, supplies, etc.
Determine the methods of deducting the cost of a company car.
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.

HIGHLIGHTS

Schedule C Business Deductions
Self-employment TX
Business use of a vehicle
Section 179 and Bonus Depreciation

COURSE LEVEL

Basic

PREREQUISITES

None

Allison M. McLeod, CPA, LL.M., J.D.

Read bio

PRICING

$58.00 - Member

$78.00 - Nonmember

Event Cancelled

This event has been cancelled.

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

CPA Crossings

Schedule C of Form 1040 (Z2-390)

OVERVIEW

BENEFITS

HIGHLIGHTS

COURSE LEVEL

PREREQUISITES

SESSIONS

INSTRUCTOR

Allison M. McLeod, CPA, LL.M., J.D.

Event Cancelled

PRICING

Event Cancelled

ADDITIONAL OPTIONS

Request a Reminder

COURSE DEVELOPER

AREAS OF INTEREST

Data Alerts

Schedule C of Form 1040 (Z2-390)

OVERVIEW

BENEFITS

HIGHLIGHTS

COURSE LEVEL

PREREQUISITES

SESSIONS

INSTRUCTOR

Allison M. McLeod, CPA, LL.M., J.D.

Event Cancelled

PRICING

Event Cancelled

ADDITIONAL OPTIONS

Request a Reminder

COURSE DEVELOPER

AREAS OF INTEREST

Related events

Related content

Busting Myths and Misconceptions About the Big Beautiful Bill

New Tax Deductions for Hourly Workers: What “No Tax on Overtime and Tips” Really Means

One Big Beautiful Bill Act: Tax Deductions for Working Americans and Seniors

Taxpayer Victory: Natural Disasters Act to Deliver Rapid Relief and Certainty