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PRODID://NDCP//360547
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DTSTAMP:20260409T060940
VTIMEZONE:America/Chicago
DTSTART:20240621T050000Z
DTEND:20341231T060000Z
UID:360547
SUMMARY:Schedule C of Form 1040
LOCATION:Anytime CPE
DESCRIPTION:Schedule C of Form 1040\n\n06/21/24 12:00 AM CST\n - 12/31/34 12:00 AM CST\Description:\nMany self-employed or sole proprietors find themselves having to navigate Schedule C in reporting business income. While this attachment to Form 1040 seems straightforward on the surface, there are many traps for the unwary. This course is ideal for CPAs, EAs, or other tax professionals.Objectives:
 Identify the appropriate taxpayers who should be filing Schedule C.
 Discuss the difference between the cash and accrual method, and the correct period in which taxpayers must recognize income and/or deductions.
 Develop a working knowledge of related issues, such as reporting the deduction of self-employed health insurance, employment taxes, home office deductions, and proper reporting of employee/independent contractor salaries.  and retirement contributions.
 Discuss types of typical deductions, such as advertising, utilities, supplies, etc.
 Determine the methods of deducting the cost of a company car.
 Be able to apply the rules, such as Section 179 or bonus depreciation,  which permit the  immediate expensing of some or all of the cost of certain assets.Instructor:Allison M. McLeod, LL.M., CPAFields of Study:Taxes\Location:\nAnytime CPE\n\n,
X-ALT-DESC;FMTTYPE=text/html:Schedule C of Form 1040<br /><br />06/21/24 12:00 AM CST - 12/31/34 12:00 AM CST<br />Description:<br />Many self-employed or sole proprietors find themselves having to navigate Schedule C in reporting business income. While this attachment to Form 1040 seems straightforward on the surface, there are many traps for the unwary. This course is ideal for CPAs, EAs, or other tax professionals.<br><br><b>Objectives:</b><br />
Identify the appropriate taxpayers who should be filing Schedule C.<br />
<br />
Discuss the difference between the cash and accrual method, and the correct period in which taxpayers must recognize income and/or deductions.<br />
<br />
Develop a working knowledge of related issues, such as reporting the deduction of self-employed health insurance, employment taxes, home office deductions, and proper reporting of employee/independent contractor salaries.  and retirement contributions.<br />
<br />
Discuss types of typical deductions, such as advertising, utilities, supplies, etc.<br />
<br />
Determine the methods of deducting the cost of a company car.<br />
<br />
Be able to apply the rules, such as Section 179 or bonus depreciation,  which permit the  immediate expensing of some or all of the cost of certain assets.<br><br><b>Instructor:</b><br>Allison M. McLeod, LL.M., CPA<br><br><b>Fields of Study:</b><br>Taxes<br />Location:<br />Anytime CPE<br /><br />,  
PRIORITY:3
TRANSP:TRANSPARENT
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DESCRIPTION:Reminder
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