- NY Credits : 2.0
- TX Credits : 2.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 2.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 2.0
There are many choices of business entity. Sole proprietorships have been the most popular and for many taxpayers the most appropriate way to do business. The Tax Cuts and Jobs Act is likely to make them even more popular. But the IRS has Schedule C in its cross-hairs. In this webinar we will cover the definition of a trade or business and the filing requirements including those for a husband and wife doing business together and those of disregarded entities (Single member LLCs). We will review the audit issues for sole proprietorships. We will do a review of the income and deductions allowed on a Schedule C. Finally, we will cover the impact of the Tax Cuts and Jobs Act on Schedule C.
Instructor: Tony Johnson, CPA
Instructor assignments are fluid and subject to change.
NOTE: The voluntary IRS Annual Filing Season Program (AFSP) requires that CE Sponsors collect PTINs from IRS professionals who wish to receive IRS credit. IRS PTIN holders (including Enrolled Agents) should enter their IRS PTIN into Checkpoint Learning so that course completions can be reported to the IRS. You do not need to enter your PTIN for each course you take; you only need to add it once. If you have any questions on how to do this, please contact us 800-431-9025.
THIS WEBINAR IS NOT ELIGIBLE FOR CTEC CREDIT.
BROWSERS: Internet Explorer 11 or later; MS Edge latest official version; Firefox latest official version, latest extended support version; Chrome latest official version; Safari latest official version.