Skip to main content
Introduction to Schedule C e-book (2021)

Introduction to Schedule C e-book (2021)

Priced as low as:
Overview

Description:

This book is for preparing 2021 taxes. This book provides tax preparers with the information needed to prepare sole proprietorship (Form 1040) tax returns. It focuses on individual income tax issues and the preparation of Schedule C, Profit or Loss from Business. Additional topics covered are business vehicles, business use of home and depreciation.

View Table of Contents.

Topics include:

  • Determining whether a taxpayer’s activity is a hobby or a for-profit business venture
  • Identifying types of income and expenses reported on Schedule C
  • Completing Schedule C, Profit or Loss From Business
  • Completing Schedule SE, Self-Employment Tax
  • Determining the business use of a vehicle and the substantiation requirements
  • Determining whether a taxpayer should claim standard mileage or actual vehicle expenses
  • Identifying the §179 expense election and limitations
  • Identifying allowable depreciation methods, including MACRS, GDS, ADS and bonus depreciation
  • Completing Form 4562, Depreciation and Amortization
  • Determining eligibility for a deduction for business use of the home
  • Completing Form 8829, Expenses for Business Use of Your Home

Product Details:

Item Number: E21315

Level: Basic

Authors: NATP Staff

Published: 2021

Format: Electronic PDF - 215 Pages


Nonmembers – Join Now, Save More!

Corresponding CPE Courses:

Get this e-book FREE when you purchase the corresponding course.

Purchase Info:

When purchase is complete, you can obtain your product at My Downloads.

Electronic products are nonreturnable.

Add to Cart
0.00
Required