Do you need to learn how to complete a Schedule C for the upcoming tax season?
This pre recorded webinar will focus on individual income tax issues and the preparation of Schedule C, Profit or Loss from Business.
Upon completion of this training, you will be able to:
• Determine whether a taxpayer’s activity is a hobby or a for-profit business venture
• Identify types of income and expenses reported on Schedule C and identify “red flags” when preparing a Schedule C return with earned income credit (EIC)
• Determine what records should be maintained
• Complete Schedule C, Profit or Loss From Business
• Complete Schedule SE, Self-Employment Tax
Also you will learn:
How is self employment reported on a tax return
How to Report Business Income
Types of Business Expenses and where to report them
Schedule C Red Flags
Obtaining information from your clients to prepare schedule C/Due Diligence
Complete a Schedule C