This course will cover how to properly report income and expenses on Schedule C, including who must file a Schedule C, what forms 1099MISC and 1099K are used for, what are qualifying business expenses, and a line-by-line walk through detailing data entry on Schedule C.
This course covers the tax aspects of identity theft; how to identify potential fraudulent filers, how to assist clients that have fallen victim to identity theft by properly interacting with the IRS, and how to ensure that it does not happen again in the future
This course will cover income from wages, interest, dividends, stock transactions, self employment, and credit card transactions. We will discuss the forms that these various forms of income are reported on, how they transfer to the 1040, and how they are taxed.
This course will cover details of what are qualifying educational expenses, review the intricacies of the American Opportunity Credit, the Lifetime Learning Credit, and taking educational fees as a direct deduction on the 1040.