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PRODID://NDCP//471331
BEGIN:VEVENT
DTSTAMP:20260505T201737
VTIMEZONE:America/Chicago
DTSTART:20260410T050000Z
DTEND:20341231T060000Z
UID:471331
SUMMARY:Fundamentals of Form 1040 -- Business
LOCATION:Anytime CPE
DESCRIPTION:Fundamentals of Form 1040 -- Business\n\n04/10/26 12:00 AM CST\n - 12/31/34 12:00 AM CST\Description:\nThis course builds on the foundational knowledge from Part 1, Fundamentals of the 1040 - Core Concepts.  It expands into business income taxation and additional reporting requirements.  Participants will learn how to accurately report self-employment income, income from pass-through entities on Form 1040.  This course covers Schedule C, Schedule E, and essential forms such as Form 7203 and Form 7217 to ensure accurate tax preparation for clients with business activities.Objectives:After attending this presentation, you will be able to...
 Analyze Schedule C to determine business income, deductions, and self-employment tax implications
 Interpret Form 7203 to determine shareholder stock and debt basis for S corporation shareholders
 Analyze and apply the reporting requirements of IRS Form 7217, including determining a partner?s basis in distributed property
 Calculate self-employment tax and apply deductions related to business expenses
 Implement preparer best practices to avoid common IRS audit triggers
 Apply tax rules for reporting pass-through entity income on individual tax returns
 Assess legislative updates affecting business income reporting for the current year
 Instructor:Mary Jane HouraniFields of Study:Taxes\Location:\nAnytime CPE\n\n,
X-ALT-DESC;FMTTYPE=text/html:Fundamentals of Form 1040 -- Business<br /><br />04/10/26 12:00 AM CST - 12/31/34 12:00 AM CST<br />Description:<br />This course builds on the foundational knowledge from Part 1, Fundamentals of the 1040 - Core Concepts.  It expands into business income taxation and additional reporting requirements.  Participants will learn how to accurately report self-employment income, income from pass-through entities on Form 1040.  This course covers Schedule C, Schedule E, and essential forms such as Form 7203 and Form 7217 to ensure accurate tax preparation for clients with business activities.<br><br><b>Objectives:</b>After attending this presentation, you will be able to...<br />
<br />
<br />
Analyze Schedule C to determine business income, deductions, and self-employment tax implications<br />
<br />
Interpret Form 7203 to determine shareholder stock and debt basis for S corporation shareholders<br />
<br />
Analyze and apply the reporting requirements of IRS Form 7217, including determining a partner?s basis in distributed property<br />
<br />
Calculate self-employment tax and apply deductions related to business expenses<br />
<br />
Implement preparer best practices to avoid common IRS audit triggers<br />
<br />
Apply tax rules for reporting pass-through entity income on individual tax returns<br />
<br />
Assess legislative updates affecting business income reporting for the current year<br />
<br><br><b>Instructor:</b><br>Mary Jane Hourani<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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