Introduction to Schedules C and E Online Training – Dec. 3-10
Instructor-led sessions on Dec. 3, 5 and 10 from 10:00 a.m. - 2:00 p.m. CT
| Premium | Professional | Basic | Not a member |
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|---|
Training with e-book
| $315
| $315
| $399
| $420
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Register |
Training with e-book
and print book | $366
| $366
| $464
| $488
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Register |
Summary
Ready to take your tax expertise to the next level? This online training is designed to equip you with the essential skills and knowledge required to navigate the complexities of reporting business and rental income on Form 1040. We'll delve into the intricacies of completing Schedule C for sole proprietors, Schedule E for rental properties, and reporting pass-through activity from Schedule K-1 for both partnerships and S corporations. By the end, you'll be confidently preparing these schedules and ensuring accurate reporting for your clients.
We'll also cover crucial topics such as determining the nature of a taxpayer's activity—whether it's a hobby or a for-profit trade or business—and mastering the nuances of deductible expenses versus capitalizable repairs.
Objectives
Upon completion of this course, you will be able to:
- Determine whether a taxpayer’s activity is a hobby or a for-profit trade or business
- Differentiate between capital assets and expendable repairs
- Summarize the differences between MACRS, §179 and bonus depreciation
- Distinguish between taxable and nontaxable income, and deductible and nondeductible expenses for sole proprietorships and rental activities
- Prepare Schedule C, Schedule SE,
Self-Employment Tax, and Schedule E
- Report items on Schedule K-1 from a partnership and S corporation on Form 1040, and applicable schedules
- Apply the basis, at-risk and passive activity loss limitations
- Determine home office eligibility and prepare Form 8829,
Expenses for Business Use of Your Home
Course Details
Completion of reading assignments prior to the instructor-led sessions is highly recommended. Instructor-led sessions will occur Dec. 3, Dec. 5 and Dec. 10 from 10:00 a.m. - 2:00 p.m. CT. During the sessions, the instructor will discuss main concepts and apply real-life scenarios. Throughout the sessions the learners will have the opportunity to ask questions. Learners will be provided with a recording of each session. The course ends with homework to complete a case study.
View study assignments
Instructor: Sheri Fronsee, CPA
The self-study portion of this online training includes the Introduction to Schedules C and E course with access to 12 CPE for AFSP, EA, CPA, CRTP. To earn CPE, you must successfully complete a final examination with a score of 70% or higher.
Cancellation Policy
Because this is an online education offering, it is nonrefundable.
