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Advanced Individual Tax: Schedule C

Trustpilot
$109.00 Webcast | 2 credits
This course will be an overview of:

This course will be an overview of:Schedule C reporting basics: entity types, independent contractor vs. employee, hobby vs. businessKey deductions: ordinary expenses, COGS, vehicle, travel, home office, legal fees Section 199A QBI deduction and excess business loss rules OBBBA updates: R&D expensing, interest expense add-back, completed contract methodQualified production property deductionPayroll and self-employment tax calculationsRetirement plans for the self-employed: SEP, Solo 401(k), SIMPLE IRA, SECURE 2.0 changesHealth insurance deduction and ACA premium credit

This course will be an overview of:

This course will be an overview of: Schedule C reporting basics: entity types, independent contractor vs. employee, hobby vs. business Key deductions: ordinary expenses, COGS, vehicle, travel, home office, legal fees Section 199A QBI deduction and excess business loss rules OBBBA updates: R&D expensing, interest expense add-back, completed contract method Qualified production property deduction Payroll and self-employment tax calculations Retirement plans for the self-employed: SEP, Solo 401(k), SIMPLE IRA, SECURE 2.0 changes Health insurance deduction and ACA premium credit WE RECOMEND USING GOOGLE CHROME

Field of study:

Taxes

Instructor(s):

Stan Pollock

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