Advanced Individual Tax - Schedule C
After completing this course, the learner should be able to:
- Recognize the overall Schedule C reporting environment
- Differentiate between an independent contractor and an employee
- Recognize methods to use in distinguishing between a hobby and a for-profit business venture
- Identify the business expenses deductible on Schedule C
- Identify the tax implications of Sections 1231, 1245, and 1250 business assets to the sole proprietor
- Apply MACRS, Section 179, and bonus depreciation rules
- Calculate the self-employment tax
- Identify the basics of self-employed retirement plans and health insurance
Instructor bio
Stan earned his bachelor’s degree in Business Administration from California State University, Northridge in 1980. He now runs a two-office tax, accounting and consulting practice in Oakland and San Francisco, California. The practice focuses on high net worth individuals and small businesses, providing quality, personalized financial and tax guidance. Stan has taught continuing education courses to practitioners throughout the country on a regular basis for over 10 years. Stan has been a regular guest on a local radio talk show discussing taxes and has been quoted several times in local papers. He previously taught accounting courses in junior colleges in Southern California.
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Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823