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Sponsored Session: Maximizing Schedule C Deductions

Presented by Wolters Kluwer Tax & Accounting, this session will introduce you to Schedule C, Profit or Loss From Business. Knowledgeable tax professionals can assist taxpayers with proper reporting of these activities, maximizing the use of typical deductions, including vehicle expenses, home office deduction, and leveraging the qualified business income deduction (QBI). During this session, we’ll provide practical examples by entering data into a Schedule C.


 
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Objectives

Upon completion of the session, the learner will be able to:

  • Identify if a taxpayer is eligible to file a Schedule C
  • Recognize how to work with Schedule C deductions in order to maximize a taxpayer’s tax refund
  • Understand the pros and cons of using the standard mileage rate or actual expenses for deducting vehicle costs

 

Details

Instructor: Anthony Sampson, EA
Level: Basic
Prerequisites: None
Advanced Preparation: None
Delivery Method: Group Internet Based


CPE Credits Designation Field of Study
IRS1AFSPFederal Tax Law Topic
IRS1EAFederal Tax Law Topic
NASBA1CPATaxes
CTEC1CRTPFederal Tax Law Topic
CFP BoardN/ACFP®N/A



How to Earn CPE

For each session, you must provide us with at least 70% of the polling words that are communicated by the instructor throughout the course and you must be logged in for at least 90% of the presentation. Additional instructions for reporting of the polling words will be provided during the event. CPE is not available for session recordings provided after the event.



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