Self Employed taxpayers should not be intimidating. We will be covering 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 self-employed business expenses, and a line by line walk through detailing Schedule C data entry.

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.

Itemized Deductions vs. Standard Deductions - What is the difference? When to itemize? What is the deductible? What records are needed when filed? Specifics to Schedule A's.