Individual Income Tax - Schedule C, E, and F Expenses

CATEGORY: Taxation

COURSE ID: TXEXPA, VERSION 20.00

(294)

Online & Mobile

8 CPE Credits

Level: Basic

Some types of expenses are common to a variety of businesses and taxpayers while others are unique to very specific businesses and only available to taxpayers in certain circumstances. This course discusses expenses common to self-employed taxpayers, while also covering expenses incurred in the business of farming, expenses common to the fishing industry, and expenses incurred in the business of renting property. Discussed in detail are expenses such as meals and entertainment, travel, transportation, home office, and other business expenses. Transportation expenses and the two methods a taxpayer may use to calculate them, regular (actual expenses) and optional (standard mileage rate), are discussed in detail, as well as the two methods available to calculate a deduction for a home office. Presented are various examples for completing Schedules C, E, and F, as well as depreciation calculations and the transportation and travel expense worksheets for Schedules C, E, and F. This course has been updated for the latest tax changes.

This course is most beneficial to professionals new to individual income taxes who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to individual income taxes.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.

8 Credits

$119.00

Online & Mobile

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Accreditation Information

NASBA Delivery QAS Self-Study

NASBA Field of Study Taxes 8 hours

NASBA National Registry of CPE SponsorsYes

NASBA Publication Revision Date 02/2025

Other Certifications

NY Credits : 8.0
TX Credits : 8.0
CFP Credits : 5
IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 8.0
IRS Non-Credentialed Return Preparer Credits : Federal Tax - 8.0

Individual Income Tax - Schedule C, E, and F Expenses

Accreditation Information

Learning objectives

Course outline

Requirements