IRS Lesson #2 Part One: Schedule C and Other Small Business Taxes - Kansas SBDC at WSU

Description

In this session, we’ll take a closer look at IRS Form 1040 Schedule C—your go-to form for reporting business income and expenses. You’ll gain an understanding of how to track gross receipts, categorize deductible business expenses, and properly account for car and truck usage, bartering, and travel & entertainment costs. We’ll also break down the essentials of start-up cost deductions, introduce the basics of depreciation, and explore how the Qualified Business Income (QBI) Deduction can reduce your tax burden. Whether you're a sole proprietor or self-employed professional, this lesson will help you uncover tax-saving opportunities while staying compliant. 

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Cost: $5.00 

Location: Online. You will receive information about how to connect.