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Maximizing Schedule C Deductions - Sponsored by Wolters Kluwer



Maximizing Schedule C Deductions

IRS Program #: X9QQU-T-00798-21-S
CE: 1 
Speaker: Mr. Anthony Sampson, Enrolled Agent and Solution Architect


During this one-hour webinar, Anthony Sampson, Enrolled Agent and Solution Architect for Wolters Kluwer Tax & Accounting, will cover the following topics:

  • Strategies to maximize your client’s tax refund with typical Sch C deductions
  • Maximizing the Qualified Business Income Deduction (QBI)
  • Should I deduct the mileage or the actual expenses on a vehicle used in a business?
  • Reporting home office deductions
  • Practical Examples in a 1040 Individual Tax Return
Objectives:
  • Identify if a taxpayer is eligible to file a Sch C
  • Recognize how to work with Sch C deductions in order to maximize a taxpayer’s tax refund
  • Understand the pros and cons of using the standard mileage or the actual expenses deduction



Thank you to our sponsor!
Wolters Kluwer Tax & Accounting
Since the federal income tax was created in 1913, Wolters Kluwer Tax & Accounting has been delivering insightful, industry-leading resources, as well as step-by-step guidance, on a wide variety of tax and accounting issues. We serve as a strategic partner to Small Professional Firms, Commercial Tax Preparers, CPAs, EAs, National Tax Chains, Tax Attorneys and Auditors, helping them research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. We’d like to help advance your business with innovative, integrated and customer-focused solutions that support your workflow while enhancing your productivity and profitability.

Continuing Education
This course qualifies for IRS Continuing Education Hours. NAEA reports IRS CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at education@naea.org.

Webinar Refund Policy
To request a refund, contact the NAEA education team via email at education@naea.org. An NAEA education team member will review the request for refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand Webinars will not be refunded.