Course curriculum

  • 01

    Overview

    • 605 Self Employed Schedule C Introduction

    • 607 Self Employed Schedule C Introduction

    • 610 Sch. C Are You Self Employed

    • 615 Sch. C Identification Numbers

    • 617 Sch. C Estimated Payment
  • 02

    Self-Employment (SE) Tax

    • 619 Sch. C Self-Employment (SE) Tax

    • 620 Self-Employment (SE) Tax
  • 03

    Accounting Methods, Inventory, & Cost of Goods Sold

    • 621 Sch. C Accounting Methods

    • 624 Sch. C Inventories

    • 625 Tax Software Example Sch. C Inventories

    • 627 Sch. C Business Income

    • 630 Sch. C Cost of Goods Sold
  • 04

    Business Expenses Overview

    • 632 Business Expenses Introduction

    • 634 Sch. C Bad Debt Expense
  • 05

    Car & Truck Expenses

    • 637 Sch C Car & Truck Expenses

    • 640 Software Example Car & Truck Expenses

    • 643 Sch. C Depreciation

    • 645 Sch. C Depreciation
  • 06

    Employees’ Pay Expenses

    • 650 Sch. C Employees’ Pay Expenses

    • 652 Software Example Sch. C Employees’ Pay Expenses
  • 07

    Insurance Expense

    • 653 Sch. C Insurance Expense

    • 654 Software Example Sch. C Insurance Expense
  • 08

    Interest, Legal & Professional, & Qualified Plans

    • 655 Sch. C Interest Expenses

    • 660 Sch. C Legal & Professional Expenses

    • 665 Sch. C SEP, SIMPLE, & Qualified Plans
  • 09

    Taxes Expenses

    • 670 Sch. C Taxes Expenses

    • 673 Sch. C Taxes Expenses
  • 10

    Travel & Meals and Other Expenses

    • 675 Sch. C Travel & Meals

    • 680 Sch. C Other Expense you can Deduct
  • 11

    Business Use of Your Home

    • 685 Sch. C Business Use of Your Home

    • 686 Sch. C Business Use of Your Home
  • 12

    Comprehensive Problem Part 4

    • 610 Practice Problem 1 #28 Sch. C Business Setup Business Worksheet

    • 615 Practice Problem 1 #19 Sch C Business Mark Accounts That May Need Adjustments

    • 620 Practice Problem 1 #30 Sch C Business Enter Into Tax Return & Record Open Items

    • 621 Practice Problem 1 #31 Sch C Business Format Worksheet for Tax Adjustments

    • 630 Practice Problem 1 #32 Sch C Business Auto Expense

    • 635 Practice Problem 1 #33 Sch C Business Business Use of Home Office

    • 645 Practice Problem 1 #35 Sch C Business Business Retirement Plan & Health Insurance

    • 650 Practice Problem 1 #36 Sch C Business Review Impact of Sch. C Business Income

    • 655 Practice Problem 1 #37 Sch C Business Estimated Tax Payments

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.