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Schedule C (Form 1040) Overview

Tax CE >> Maryland >> Tax Preparer

Study Level:  Basic
Delivery Method:  Online self-study
Provider of Record: WebCE
Field of Study: Taxes
Prerequisites or Advanced Preparation: None

Course Description:
This video-based course, presented by the well-known author and presenter Larry Gray CPA, provides a comprehensive overview of Schedule C. Each section of the form is discussed in turn, including examples of potential problem areas for the preparer. Topics include: 
  • Schedule C Issues and Hobby vs Business Rules
  • Income and Cost of Sales
  • Business Expenses
Learning Objectives:
Upon completion of this course, students will be able to:
  • identify the purpose of Schedule C and give examples of the types of entities that typically use this form to report the results of their activities
  • identify the four sections of Schedule C and state the type of information that is reported in each section
  • given examples of expenses incurred by a Schedule C business, correctly determine the location and method for reporting each expense on the form
Filmed: March 2014