Clarify the purpose of both Schedules C and E and learn specific tax planning strategies.
Both Schedule C and Schedule E are used for reporting income on an individual income tax return. While the information may be similar, the tax implications can be very different. Misapplying a business activity to the incorrect schedule can have significant consequences on the tax liability reported on Form 1040. It is important for the practitioner to be fully informed as to the appropriate use of the forms to report their business activity. This course is designed to clarify the purpose of both Schedules C and E and will discuss the proper use and reporting of Schedules C and E, as well as specific tax planning strategies.
Learning Objectives
- You will be able to define the purpose of Schedules C and E and the filing requirements of each schedule.
- You will be able to discuss the differences between Schedules C and E and the unique tax considerations of each schedule.
- You will be able to identify tax planning opportunities for Schedule C and E filers.
- You will be able to recognize common errors made when preparing Schedules C and E.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
| Detailed Overview and Analysis of Schedule C and Its Intended Users | |
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| Detailed Overview and Analysis of Schedule E and Its Intended Users | |
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| Compare and Contrast Schedule C and Schedule E | |
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| Practical Considerations and Documentation Requirements When Completing Schedules C and E | |
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
Live Webinar Registration
- AIPB 2.0
- This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
Enrolled Agents 2.0
- In accordance with the standards set forth in Circular 230 section 10.6, CE credits have been granted based on a 50-minute hour. This program qualifies for 2.0 Continuing Education Credit(s) for enrolled agents.
CPE 2.0 including Taxes 2
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
Who should attend?
This live webinar is designed for accountants, CFOs, controllers, accounts payable professionals, tax managers, tax preparers, presidents, vice presidents, bookkeepers, and enrolled agents.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Ethan J. Alexander, CPA
Hancock Askew & Co., LLP
- Senior Tax Accountant, India Offshore Liaison, and India Tax Practice at Hancock Askew & Co., LLP
- Over 5 years of experience in pass-through entities in the real estate industry, high net worth individuals and not-for-profit entities
- CPE instructor on tax compliance and planning in the real estate industry
- Certified Public Accountant in the state of Florida
- Member of the American Institute of Certified Public Accountants (AICPA) and the Florida Institute of Certified Public Accountants
- M.S. degree and B.A. degree, Florida State University
- [email protected] or 941-351-7463
William F. Becker, Jr., CPA, M.B.A.
Hancock Askew & Co., LLP
- Tax principal at Hancock Askew & Co., LLP
- Certified public accountant with over twenty-five years of experience providing tax and business consulting, including income tax planning, depreciation modeling, merger and transaction services, and tax reporting
- CPE instructor and frequent speaker on topics affecting the real estate industry
- Member of the American Institute of Certified Public Accountants (AICPA) and the Florida Institute of Certified Public Accountants
- M.B.A. degree and B.A. degree, University of South Florida
- Can be contacted at [email protected] or 813-254-2727
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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