Income Tax Schedule C Small Business Sole Proprietor 2018

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Small business, schedule C income tax preparation using actual tax forms for examples including form 1040, Schedule SE

Last updated 2022-01-10 | 4.6

- What It Means to Be Self-Employed
- How to Report Self Employment Income
- Filing and Paying Business Taxes

What you'll learn

What It Means to Be Self-Employed
How to Report Self Employment Income
Filing and Paying Business Taxes
Identification Numbers Including EIN Number
Self-Employment (SE) Tax
Employment Taxes
Accounting Periods and Methods
Business Income & Expenses
How To Figure Cost of Goods Sold
Car and Truck Expenses
Depreciation Expense
Employees' Pay Expense
Insurance Expense
Interest Expense
Legal and Professional Fees Expense
Rent Expense
Pension Plans Expense
Taxes Expense
Travel and Meals Expense
Business Use of Your Home
Other Expenses You Can Deduct

* Requirements

* Some understanding of US income tax law

Description

  • What It Means to Be Self-Employed
  • How to Report Self Employment Income
  • Filing and Paying Business Taxes
  • Identification Numbers Including EIN Number
  • Self-Employment (SE) Tax
  • Employment Taxes
  • Accounting Periods and Methods
  • Business Income & Expenses
  • How To Figure Cost of Goods Sold
  • Car and Truck Expenses
  • Depreciation Expense
  • Employees' Pay Expense
  • Insurance Expense
  • Interest Expense
  • Legal and Professional Fees Expense
  • Rent Expense
  • Pension Plans Expense
  • Taxes Expense
  • Travel and Meals Expense
  • Business Use of Your Home
  • Other Expenses You Can Deduct

Course content

12 sections • 125 lectures

Introduction 5 lectures

Introduction Preview 04:59

315 Tax Forms & Line Items Involved Preview 11:59

Documents to Download for Reference Preview 00:01

318 Sch. C Data Entry Preview 17:10

Accounting Comic Break Preview 00:14

Are Your Self-Employed? 4 lectures

321 Are You Self-Employed Preview 14:35

PDF - 324 Business Owned and Operated by Spouses Preview 00:08

324 Business Owned and Operated by Spouses Preview 05:34

Accounting Comic Break Preview 00:14

What's New for 2018 3 lectures

PDF - 327 What's New for 2018 Preview 00:08

327 What's New for 2018 Preview 15:15

Accounting Comic Break Preview 00:13

Identification Numbers 3 lectures

PDF - 331 Identification Number Preview 00:08

331 Identification Number Preview 10:24

Accounting Comic Break Preview 00:15

Self-Employment (SE) Tax 3 lectures

PDF - 334 Self-Employment (SE) Tax Preview 00:08

334 Self-Employment (SE) Tax Preview 14:42

Accounting Comic Break Preview 00:13

Which Forms Must I File? 3 lectures

PDF - 337 Which Forms Must I File Preview 00:08

337 Which Forms Must I File Preview 07:09

Accounting Comic Break Preview 00:13

Employment Taxes 3 lectures

PDF - 341 Employment Taxes Preview 00:08

341 Employment Taxes Preview 08:12

Accounting Comic Break Preview 00:13

Accounting Periods and Methods 13 lectures

PDF - 344 Accounting Periods and Methods Introduction Preview 00:08

344 Accounting Periods and Methods Introduction Preview 08:27

PDF - 347 Accounting Methods Cash Method Preview 00:08

347 Accounting Methods Cash Method Preview 16:37

PDF - 351 Accounting Methods Accrual Method Preview 00:08

351 Accounting Methods Accrual Method Preview 20:05

PDF - 355 Accounting Methods Combination Method Preview 00:08

355 Accounting Methods Combination Method Preview 03:27

PDF - 358 Accounting Methods Inventories Preview 00:08

358 Accounting Methods Inventories Preview 12:11

PDF - 361 Change in Accounting Method Preview 00:08

361 Change in Accounting Method Preview 02:43

Accounting Comic Break Preview 00:13

Business Income 13 lectures

PDF - 364 Business Income Introduction Preview 00:08

364 Business Income Introduction Preview 12:23

PDF - 367 Business Income Kinds of Income Preview 00:08

367 Business Income Kinds of Income Preview 02:12

PDF - 371 Business Income - Kinds of Income Bartering for Property or Services Preview 00:08

371 Business Income - Kinds of Income Bartering for Property or Services Preview 09:59

PDF - 374 Real Estate Rents Preview 00:08

374 Real Estate Rents Preview 09:01

PDF - 377 Personal Property Rents Preview 00:08

377 Personal Property Rents Preview 07:35

PDF - 381 Items That Are Not Income Preview 00:08

381 Items That Are Not Income Preview 12:57

Accounting Comic Break Preview 00:12

Guidelines for Selected Occupations 5 lectures

PDF - 384 Guidelines for Selected Occupations Preview 00:08

384 Guidelines for Selected Occupations Preview 13:25

PDF - 387 Accounting for Your Income Preview 00:08

387 Accounting for Your Income Preview 07:54

Accounting Comic Break Preview 00:13

How To Figure Cost of Goods Sold 15 lectures

PDF - 391 How To Figure Cost of Goods Sold Introduction Preview 00:08

391 How To Figure Cost of Goods Sold Introduction Preview 04:04

PDF - 394 Figuring Cost of Goods Sold on Schedule C, Lines 35 Through 42 Preview 00:08

394 Figuring Cost of Goods Sold on Schedule C, Lines 35 Through 42 Preview 08:18

PDF - 397 Inventory at Beginning of Year Preview 00:08

397 Inventory at Beginning of Year Preview 10:51

PDF - 401 Purchases Less Cost of Items Withdrawn for Personal Use Preview 00:08

401 Purchases Less Cost of Items Withdrawn for Personal Use Preview 06:15

PDF - 404 How To Figure Cost of Goods Sold Cost of Labor Preview 00:08

404 How To Figure Cost of Goods Sold Cost of Labor Preview 06:13

PDF - 407 How To Figure Cost of Goods Sold Materials and Supplies, Other Costs, Preview 00:08

407 How To Figure Cost of Goods Sold Materials and Supplies, Other Costs, Invent Preview 08:55

PDF - 411 Figuring Gross Profit Preview 00:08

411 Figuring Gross Profit Preview 18:46

Accounting Comic Break Preview 00:12

Business Expenses 55 lectures

PDF - 414 Business Expenses Introduction Preview 00:08

414 Business Expenses Introduction Preview 07:17

PDF - 417 Car and Truck Expenses Preview 00:08

417 Car and Truck Expenses Preview 14:58

PDF - 421 Car and Truck Expenses Preview 00:08

421 Car and Truck Expenses Preview 13:18

PDF - 424 Depreciation Preview 00:08

424 Depreciation Preview 18:09

427 Example - Depreciation Preview 12:35

PDF - 427 Employees' Pay Preview 00:08

427 Employees' Pay Preview 10:10

427 Example - Employees' Pay Preview 09:57

PDF - 431 Insurance Preview 00:08

431 Insurance Preview 10:09

PDF - 432 Example Insurance Preview 00:08

432 Example Insurance Preview 09:00

PDF - 434 Interest Expense Preview 00:08

434 Interest Expense Preview 06:52

PDF - 437 Legal and Professional Fees Preview 00:08

437 Legal and Professional Fees Preview 03:43

PDF - 441 Pension Plans Preview 00:08

441 Pension Plans Preview 12:09

PDF - 444 Rent Expense Preview 00:08

444 Rent Expense Preview 10:25

PDF - 447 Taxes Deduction Preview 00:08

447 Taxes Deduction Preview 15:41

PDF - 451 Travel and Meals Deduction Preview 00:08

451 Travel and Meals Deduction Preview 05:51

PDF - 454 Business Use of Your Home Preview 00:08

454 Business Use of Your Home Preview 16:01

PDF - 455 Example - Business Use of Your Home Preview 00:08

455 Example - Business Use of Your Home Preview 14:14

PDF - 457 De Minimis Safe Harbor for Tangible Property Preview 00:08

457 De Minimis Safe Harbor for Tangible Property Preview 01:46

PDF - 461 Other Expenses You Can Deduct Preview 00:08

461 Other Expenses You Can Deduct Preview 04:14

PDF - 464 Expenses You Cannot Deduct Preview 00:08

464 Expenses You Cannot Deduct Preview 07:10

PDF - 467 Figuring Net Profit or Loss Preview 00:08

467 Figuring Net Profit or Loss Preview 03:54

PDF - 471 Excess Business Loss Limitation Preview 00:08

471 Excess Business Loss Limitation Preview 00:53

PDF - 474 Net Operating Losses (NOLs) Preview 00:08

474 Net Operating Losses (NOLs) Preview 04:53

PDF - 477 Not-for-Profit Activities Preview 00:08

477 Not-for-Profit Activities Preview 04:17

PDF - 481 Who Must Pay SE Tax Preview 00:08

481 Who Must Pay SE Tax Preview 08:06

PDF - 484 Special Rules and Exceptions Preview 00:08

484 Special Rules and Exceptions Preview 07:25

PDF - 487 Figuring Earnings Subject to SE Tax Preview 00:08

487 Figuring Earnings Subject to SE Tax Preview 07:37

PDF - 491 Figuring Earnings Subject to SE Tax Regular Method Preview 00:08

491 Figuring Earnings Subject to SE Tax Regular Method Preview 03:42

Accounting Comic Break Preview 00:13