April 22, 2024


2 Total CPE Credits


Schedule C of Form 1040

  • Instructor

    Allison McLeod

Learning Objectives

After attending this presentation, you will be able to...

  • Identify the appropriate taxpayers who should be filing Schedule C
  • Recognize the difference between the cash and accrual method, and the correct period in which taxpayers must recognize income and/or deductions
  • Indicate a working knowledge of related issues, such as reporting the deduction of self-employed health insurance, employment taxes, home office deductions, and proper reporting of employee/independent contractor salaries, and retirement contributions
  • Distinguish types of typical deductions, such as advertising, utilities, supplies, etc.
  • Determine the methods of deducting the cost of a company car
  • Apply the rules, such as Section 179 or bonus depreciation, which permit the immediate expensing of some or all of the cost of certain assets

Major Topics

The major topics covered in this class include:

  • When Schedule C applies
  • Cash v. Accrual method
  • Typical business deductions
  • Business vehicle expenses
  • Section 179 and bonus depreciation

CPE Credits Available

Total CPE

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Taxation

Advanced Preparation


Intended Audience

This course is ideal for CPAs, EAs, or other tax professionals.


CPA Crossings

Register For This Event

  • ASCPA Member

    $ 89 89
  • ASCPA Non-Member

    $ 139 139
    Your Price

Please login to register.