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Schedule C

This course encompasses how the sole proprietor reports income. Sole proprietorship is the most popular business structure. A sole proprietorship is indistinguishable from its owner, and all income earned is reported by the owner. Schedule C is the reporting tool for most sole proprietors. Covered in the course is line by line instruction to complete the Schedule C.

$49.95

Description

At the end of this course, the student will be able to do the following:

  • Identify the differences between accounting periods and accounting methods.
  • Understand the guidelines between an independent contractor and an employee.
  • Explain when to use Schedule C-EZ and when to use Schedule C.
  • Recognize what determines start-up costs.

Field of Study: Federal Tax Law 2 Hours
Course Level: Intermediate
Prerequisite: General tax preparation knowledge is required
Delivery Method: Self-Study

IRS: 15G0B-T-00448-20-S
CTEC: 2080-CE-0086

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