Self Employed, Mastering Schedule C, Schedule SE

Note: Due to IRS requirements, the course materials and other documents are in English, but the course is taught in Spanish.

Description

This seminar is designed for CPAs, accountants, and tax return specialists who aim to enhance their expertise in preparing tax returns for self-employed individuals. Over the course of three hours, participants will delve into the intricacies of Schedule C and Schedule SE, gaining a thorough understanding of how to accurately report income, expenses, and self-employment taxes. By the end of this seminar, attendees will be equipped with the knowledge and tools necessary to efficiently navigate the complexities of self-employment tax reporting and compliance.

Objetives

Comprehend the key concepts and requirements of self-employment taxation, including the structure and purpose of Schedule C and Schedule SE.
Learn to accurately categorize and report various sources of self-employment income, including tips, commissions, and business receipts.
Gain expertise in identifying deductible business expenses and substantiating them to maximize tax benefits for clients.
Understand specific deductions unique to self-employed individuals, such as home office, vehicle, and depreciation expenses.
Calculate self-employment tax using Schedule SE and understand how it integrates with the overall tax return process.
Discuss the implications of self-employment tax on estimated tax payments and potential impacts on cash flow.

Accreditation

Departamento de Hacienda
- Créditos: 3
- Materia: Contribuciones
- Método de enseñanza: On-Demand Webinar
IRS
- 3 CE credits
- Delivery Method: Self-Study
- Program Number: ZVMPH-T-00016-24-S
- Program Category: Federal Tax Law Topics / Federal Tax Related Matters
- Organization’s name: Luca, LLC
- Approved Audience: Other Tax Return Preparers
- CE Provider’s number: ZVMPH
- Luca Center follows the protocols established by the IRS to grant credits.
- Upon successful completion of the course, Luca Center will automatically notify the IRS of your approval.
NASBA: N/A
TSPR: N/A

Details

Publication date: Thursday, September 19, 2024
Duration: 3 hours
Place of Presentation: Luca Center website [www.lucacenter.com]
Format: PDF Material | Video and Audio
Audience: Tax Specialist, Accountant, CPA, Auditor, Lawyer, Paralegal, Advisor, Entrepreneur, Student
Level: Basic
Preparation Required: None
Pre-Requisites: None
Instructor: Lcda. Úrsula Carrión, CPA
Price: $45
FREE for members with GOLD memberships!

Additional Information

LAST UPDATE: Thursday, September 12, 2024
COURSE STRUCTURE AND EXPIRATION: This course has been structured to facilitate participant completion through a combination of reading materials, videos, and the subsequent completion of an examination. Once you buy the course, you have until its expiration date to access it (December 31, 2024, at 11:59 p.m.).
VALIDATION CODES: Each video in the course has a code that you should take note of and later include in the code questionnaire. The Introduction and Conclusion videos do not have a code.
QUIZZES: This course has 6 quizzes, and they do not count towards the final grade. Quizzes are a method for reviewing the material.
EXAM: The exam is open book and covers all lessons. Participants can have unlimited attempts to pass, and there is no time limit.
PASSING SCORE: The exam consists of 10 multiple-choice questions with no evaluative feedback. A passing score is 70% or higher.
COMPLETION: The complete course, including the exam and evaluation, must be completed before December 31, 2024, at 11:59 p.m., to qualify for the AFSP Record of Completion from the IRS. Remember that you have until that date to complete it. Otherwise, you will lose access to the course, and it will not be accredited by the IRS.
CERTIFICATE: At the end of the course, you must request your certificate of participation by writing an email to info@lucacenter.com. In the email, you must write the name of the On-Demand Webinar and your full name as you want it to appear on the certificate.
ACCREDITATION: This course is NOT accredited by NASBA, or by the Supreme Court of Puerto Rico.

Technical Information

The educational materials can be downloaded from the “Welcome” lesson within the course.
To clarify any doubts you may have, you will have the opportunity to access the course forum located within the “Welcome” lesson.
You can access this course from the website, Luca’s APP, or the web mobile version.
For technical assistance with the seminar platform, you can call us (787-236-9609) or write to us (info@lucacenter.com) from Monday to Friday from 8:00 a.m. to 5:00 p.m.
For more information regarding refund, complaint, and program cancellation policies, please visit our website or contact our offices at 787-236-9609