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.
Major Topics Covered :
- 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.