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Is Your Schedule C Taxpayer Compliant?

Schedule C taxpayers can sometimes feel like “the wild, wild west”. This session focuses on the dos and don’ts as a schedule C tax preparer. Educate your client about what is defendable as a deduction, includable as income and what best practices should be implemented while keeping accurate records for their business according to the IRS.

Objectives

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

• Identify inadequate record keeping.
• Identify best practices regarding adequate records.
• Develop tools best suited for the taxpayer and tax preparer to build a defendable position
• Identify potential entity changes and graceful ways to transition
• Analyze the necessity of a corporate veil

Details

Jared Foos, EA

Instructor:

Level:

Overview

Prerequisites:

To Be Announced

Advanced Preparation:

None

Delivery Method: 

Group Live

CPE credits     Designation     Field of study

IRS

2

AFSP

Federal Tax Law Topic

IRS

2

EA

Federal Tax Law Topic

NASBA

2

CPA

Taxes

CTEC

2

CRTP

Federal Tax Law Topic

CFP Board

0

CFP®

No

How to Earn CPE

Sessions are first come, first served. Registration is not required for individual sessions. To earn CPE, scan your badge on your way into each session. You do not need to scan on your way out. CPAs will receive an additional form at registration to self-report their time out. We strictly abide by the IRS’ CPE rules and turn badge scanners off ten minutes after each session begins. We cannot award CPE if your badge isn’t scanned.