Tax Preparation 2020 (Form 1040) #5 Self Employed Business Income Sch. C

Course curriculum

1. 605 Self Employed Schedule C Introduction
2. 607 Self Employed Schedule C Introduction
3. 610 Sch. C Are You Self Employed
4. 615 Sch. C Identification Numbers
5. 617 Sch. C Estimated Payment
1. 619 Sch. C Self-Employment (SE) Tax
2. 620 Self-Employment (SE) Tax
1. 621 Sch. C Accounting Methods
2. 624 Sch. C Inventories
3. 625 Tax Software Example Sch. C Inventories
4. 627 Sch. C Business Income
5. 630 Sch. C Cost of Goods Sold
1. 632 Business Expenses Introduction
2. 634 Sch. C Bad Debt Expense
1. 637 Sch C Car & Truck Expenses
2. 640 Software Example Car & Truck Expenses
3. 643 Sch. C Depreciation
4. 645 Sch. C Depreciation
1. 650 Sch. C Employees’ Pay Expenses
2. 652 Software Example Sch. C Employees’ Pay Expenses
1. 653 Sch. C Insurance Expense
2. 654 Software Example Sch. C Insurance Expense
1. 655 Sch. C Interest Expenses
2. 660 Sch. C Legal & Professional Expenses
3. 665 Sch. C SEP, SIMPLE, & Qualified Plans
1. 670 Sch. C Taxes Expenses
2. 673 Sch. C Taxes Expenses
1. 675 Sch. C Travel & Meals
2. 680 Sch. C Other Expense you can Deduct
1. 685 Sch. C Business Use of Your Home
2. 686 Sch. C Business Use of Your Home
1. 610 Practice Problem 1 #28 Sch. C Business Setup Business Worksheet
2. 615 Practice Problem 1 #19 Sch C Business Mark Accounts That May Need Adjustments
3. 620 Practice Problem 1 #30 Sch C Business Enter Into Tax Return & Record Open Items
4. 621 Practice Problem 1 #31 Sch C Business Format Worksheet for Tax Adjustments
5. 630 Practice Problem 1 #32 Sch C Business Auto Expense
6. 635 Practice Problem 1 #33 Sch C Business Business Use of Home Office
7. 645 Practice Problem 1 #35 Sch C Business Business Retirement Plan & Health Insurance
8. 650 Practice Problem 1 #36 Sch C Business Review Impact of Sch. C Business Income
9. 655 Practice Problem 1 #37 Sch C Business Estimated Tax Payments

About this course

$20.00
40 lessons
10 hours of video content

Description

This course will discuss tax preparation issues related to a return that has self employment income, income generally reported on a Schedule C.

Self employment income can have a significate impact on the tax return.

We will start by providing a general overview of the areas of the tax return that may be impacted by the Schedule C.

The course will discuss common deductions reported on the schedule C

Course topics will be presented in theory, followed by practical examples using 2021 tax forms and Excel worksheets.