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Beyond the 1040® - Schedule C Complications

 

Course Year: 2013
Course Level: Intermediate
Prerequisite: Basic understanding of Schedule C, Profit of Loss from Business
Advance Preparation: None
Delivery Method: Self-Study

Note: This course is also included in the Beyond the 1040 course.

CPE Credits Designation Field of Study
IRS * 2 EA Federal Tax Law Topic
NASBA 0 CPA N/A
CTEC 2 CRTP Federal Tax Law Topic
CFP Board 0 CFP® N/A

 

* NATP will report CPE credits to the IRS for all PTIN holders. CPE is currently not mandatory for RTRPs or RTRP candidates and any option to register or participate in this program is strictly voluntary.

 

Fees: $46 for Members and $56 for Nonmembers

Summary
A sole proprietorship is the most basic form of a business. Nonetheless, complexities with a sole proprietorship are as common as they are with any form of a business. This course examines various complications that can occur with a Schedule C.

Objectives
Upon completion of this course, the tax professional will be able to:

  • Calculate and report a gain or loss from the disposition of business property.
  • Identify the tax implications of hiring a sole proprietor’s spouse or child.
  • Calculate and report a sole proprietor’s contribution to a retirement plan.
  • Identify loss limitations that apply to sole proprietors.

For more information regarding refund, complaint and/or program cancellation policies, please contact our Member Services Department at 800.558.3402, ext. 3.

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PO Box 8002, Appleton, WI 54912-8002 Phone: 800.558.3402 Fax: 800.747.0001

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