CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Schedule C - Form 1040

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • CPA/PFS
  • CTEC
Schedule C - Form 1040

2 Credits

FREE

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00222-20-O)

2 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0227)

2 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

2 CPD credit (Verifiable) for CPA/PFS

2 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00222-20-O)

2 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00222-20-O)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

Best Tax Return Workshop - Partnerships & LLCS (Form 1065) Latest

Sep 21, 2021 | 09:00 AM EDT View Details

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Sep 21, 2021 | 10:00 AM EDT View Details

IFRS 15 - Revenue Recognition Redefined for All Industries

Sep 21, 2021 | 10:00 AM EDT View Details

Corporate Accounting & Auditing Best Practices

Sep 21, 2021 | 10:00 AM EDT View Details

Real Estate Tax Strategies: Cost Recovery, Partial Dispositions, Removal Cost, Int. Deductions, Repairs & Capital Improvements

Sep 21, 2021 | 10:00 AM EDT View Details

IFRS Fixed Assets (Property, Plant & Equipment)

Sep 21, 2021 | 10:00 AM EDT View Details

Retirement Plan Governance Best Practices: Fiduciary Responsibility

Sep 21, 2021 | 10:00 AM EDT View Details

Update on the AICPA's Enhancing Audit Quality Initiative

Sep 21, 2021 | 10:00 AM EDT View Details

Building the Best Employee Handbook

Sep 21, 2021 | 10:30 AM EDT View Details

Faces of Fraud: How to Stay Safe From the Latest Threats

Sep 21, 2021 | 10:30 AM EDT View Details

Proper Preparation Submission & Negotiation - Offers in compromise(OIC)

Sep 21, 2021 | 10:30 AM EDT View Details

Staying Out of Jail: Leveraging the Dept. of Justice Compliance Guidance

Sep 21, 2021 | 10:30 AM EDT View Details

Maximize ERC Tax Credits for Your Businesses & Clients - Plus New Form 941 and Form 7200

Sep 21, 2021 | 10:30 AM EDT View Details

Crucial Insights & Tax Strategies on S Corporation

Sep 21, 2021 | 11:00 AM EDT View Details

Internal Audit Standards

Sep 21, 2021 | 11:00 AM EDT View Details

Course Description

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. The focus of these two CPE hour course is on Schedule C of Form 1040 (sole proprietorship tax returns). Schedule C is applicable to those who file the basic Form 1040, as well as seniors age 65 and older who file Form 1040-SR instead of the basic 1040.

This Online CPE Webinar covers following Key Topics:

  • SSN or EIN
  • Accounting Methods
  • Constructive Receipt
  • Prepaid Expenses & Advance Payments
  • Issuing 1099s
  • Health Insurance
  • Retirement Accounts
  • QBI Deduction
  • Net Operating Losses

Connect with us as our world-class tax instructors share knowledge in a high – energy, using real-life experiences, which helps you understand complex topics in an easy manner. 

Learning Objectives

  • To identify which taxpayer has to file Schedule C
  • To recognize the difference between the cash and accrual method, and the right period in which taxpayers must know income and/or deductions
  • To 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
  • To recognize different types of typical deductions, such as advertising, utilities, supplies, etc.
  • To identify the methods of deducting the cost of a company car.

Who Should Attend?

  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Entrepreneurial CPA
  • Senior Accountant
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

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4.7

(3633)
71%
25%
4%
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CC

What a wonderful webinar! Precise, concise, and to the point, with useful references to read on. I will be looking for more classes with this very knowledgeable presenter. Thank you so much!

NNS

Very knowledgeable and I will be looking for more webinars by Jason. I appreciate the time taken by him to do this webinar.

AK

Valuable Presentation if you do Returns for Schedule C businesses - Presenter, Jason Dineson did a great job! Hope he does more.

KW

The presentation was quite interesting and easy to comprehend. I could listen to this presenter the whole day. Thank you Mr. Dineson and am looking forward to more webinars with you. Aloha !! More webinars with you

BB

Jason has first-hand knowledge of the subject matter and presents it in a concise, well-articulated style. A very worthwhile hour about how to be helpful to clients and yet retain a required healthy skepticism.

AK

I thoroughly enjoyed this webinar. The presenter was knowledgeable and informative and the material was innovative. Preparing your Sch C clients for tax season year-round will remove the burden of gathering info together from the previous year during the first few months of the next year.