CPA - medium firm
CPA - large firm
Enrolled Agent
Owners of unincorporated businesses and disregarded entities (single-member LLCs) report their income and losses on either Schedule C or E of their personal 1040. If you fall in either of these categories, then this webcast is for you.
Topics for discussion:
Schedule C: Profit or Loss from Business (Sole Proprietorships)
Part I – Schedule C – Income
Part II – Schedule C – Expenses
Part III – Schedule C – Cost of Goods
Part IV – Schedule C – Information on Your Vehicle
Part V – Other Expenses
Schedule E: Supplemental Income & Loss (From rental real estate, royalties. S corporations, estates, trusts, REMICs, etc.)
Part I – Schedule E – Income or Loss from Rental Real Estate and Royalties
Part II – Schedule E – Income or Loss from Partnerships and S Corporations
Part III – Schedule E – Income or Loss from Estates and Trusts
Part IV – Schedule E – Income or Loss from Real Estate Mortgage Investment Conduits (REMICs)
Part V – Summary
Learning Objectives:
- Recognize where to report an individual taxpayer's income and expenses
- Distinguish which schedules the taxpayer is required to use and why
- Identify specific reporting requirements of income and expenses when filing personal income tax returns
- Determine the requirements of both these schedules on Form 1040
- Distinguish which one is proper to report activities resulting in either income or losses and what limitations may be expected
Marcia L. Miller, MBA, EA
Financial Horizons, Inc
President & Owner
(954) 389-9510
Marcia L. Miller, MBA, EA is President and Owner of Financial Horizons, Inc.
Marcia’s experience spans over four decades of Accounting, Tax and Management Consulting for a practice with emphasis on representing Small Business Owners in all aspects of Taxes, Employment & Labor Issues, Pensions, Estate Planning as well as Federal, State (Nationwide) and Foreign mandatory reporting.
As an author, webinar expert, and live speaker for various national companies & accounting organizations at their annual conferences, she has shared her expertise on a multitude of current business taxation and accounting topics.
As a recognized Thought Leader and Speaker in the World of Information Reporting and commonly referred to as the "1099 Queen", Marcia was appointed to, and successfully completed a three-year term, as a Committee Member, to the Internal Revenue Service's Information Reporting Program Advisory Committee (IRPAC).
She received both her MBA and BBA from the University of Miami School of Business.
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