Self-Employment Income & Expenses
2011 Tax Law
Are you looking for this class in a
Live Online Webinar format?
Are you looking for this class in a
Online Self-Paced format?
Are you looking for this class in a
Non-Interactive Online Self-Paced format?
Are you looking for this class in a
Mail Correspondence format?
Classroom
Other Formats Available
Live Online Webinar
Online Self-Paced
Non-Interactive Online Self-Paced
Mail Correspondence
Tuition, Books & Fees
$70.00
Class Date(s) & Time(s)
Thursday June 7, 2012
10:00am - 4:00pm (PDT)
Lecture Length
6 hour(s)
Credit Hour(s)
| 3.5 | : | NASBA CPE |
| 4 | : | IRS |
| 4 | : | Oregon Tax Board |
| 4 | : | Oregon State Board of Accountancy |
| 4 | : | CTEC |
| 4 | : | Texas State Board of Public Accountancy |
| 4 | : | New York State Board of Public Accountancy |
| N/A | : | QAS |
Field of Study
Taxation
Program Level
Intermediate
Prerequisites
Students should complete courses in depreciation and sale of assets prior to attempting this course.
Delivery Method
Live Group
Educational Venue
Portland Oregon Classroom:
13405 NW Cornell Rd.
Portland, OR 97229
CTEC Course Code
6180-CE-1012
Enrollment Agreement Form
CPE Classroom
Included In These Packages
Package D - 30 Hours CPE
IRS 1040 Tax Pro Exam Prep Series
LTC Exam Prep Series (Oregon and Federal Law)
Small Business Bundle - 33 Hours CPE
CTEC 20 Hour CE Package 1
Course Content

This session discusses rules relating to reporting of income and expenses on Schedule C. Income and expense reporting on Schedule C frequently involves preparation of other tax forms such as forms 4562 Depreciation & Amortization and 4797 Sales of Business Property.
The homework assignment incorporates some more advanced concepts from other courses. It is recommended students complete our course "Sale of Assets (Schedule D & Form 4797)" prior to attempting this course.
This course covers:
- Review of Form 1099-Misc
- Line-by-line instructions for completion of Schedule C
- Child daycare provider businesses
- Cost of goods sold
- Business use of automobile
- Form 8829 and rules governing office use of home
- Deductibility of business expenses
- Travel expenses
- Meals and entertainment
- Business gifts
- Work-related education expenses
- Domestic Activities Production Deduction
- Employee payroll rules
- Self-employment tax
- Farm income
- Net operating loss rules
- Record-keeping and financial management for business owners
Learning Objectives
Classwork is provided for students to apply concepts covered in class to a sample tax return. Course includes a detailed Student Manual, classwork answer key, quiz and quiz answer key.
By the end of this course students should be able to:
- Know how to report income and expenses on Schedule C
- Understand the rules surrounding deductibility of home office expenses
- Be able to determine when auto expenses are deductible and how to accurately report auto expenses
- Understand employer payroll laws affecting small business owners
- Be able to determine if a business owner has a NOL and how to claim it
- Understand special rules affecting farm income
- Be able to calculate the Domestic Activities Production Deduction
- Be familiar with the purpose and importance of advising clients on appropriate record-keeping
Format Delivery
Students will attend a group live lecture provided by one of Pacific Northwest Tax School's skilled instructors in our Portland classroom located at 13405 NW Cornell Rd.
Disclosures and School Policies
Terms of Enrollment
Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media.Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not to disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School.As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have one year from date of enrollment in any course, to complete the course and receive their Certificate of Completion.
Basic Tax Law
Students taking any Basic Tax Law course, agree to comply with all Terms of Enrollment outlined the enrollment agreement form for that course, which can be found on our Enrollment Forms page.
Prerequisites & Advance Preparation
Students intending to write the Oregon State Tax Exam, must be at least 18 years of age, and have High School Diploma or GED. Students using our self-paced internet based program should prepare for classes by downloading and printing course materials. For more information including detailed course descriptions and learning objectives, view the lesson plans of each course, located on Pacific Northwest Tax School's website at: www.pnwtaxschool.com.
Cancellations
Self-study Correspondence and Self-Paced Online programs fees are non-refundable and non-transferable.For more information regarding administration policies including complaints and refunds, please contact our offices at 503-646-5600.
Problem Resolution
Pacific Northwest Tax School gives the highest priority to delivering quality education programs.If you have concerns about our programs please contact the Pacific Northwest Tax School Education Coordinator at: support@pnwtaxschool.com
Disclaimer
Manuals distributed and programs sponsored by Pacific Northwest Tax School are designed to teach application of tax laws. Pacific Northwest Tax School works to provide accurate and timely material to students, however the school does not have any responsibility if human and/or mechanical error exists.Accordingly, no assurance is given by Pacific Northwest Tax School that such information is totally comprehensive or accurate in its coverage of such subject matter. Information published or sponsored by Pacific Northwest Tax School should not be relied upon as a substitute for independent research to original sources of authority such as the Internal Revenue Code, IRS Publications and Internal Revenue Rulings. Pacific Northwest Tax School, its authors, and instructors do not render legal, accounting, or other non-educational professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought.Credit hours are subject to change without notice.
Pacific Northwest Tax School Credentials |
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We are an IRS approved sponsor of continuing education. IRS Sponsor #VRD3D .
Notice to Members of the National Association of Enrolled Agents: NAEA requires its members to obtain 30 hours of CPE each year. NAEA further requires the CPE be in compliance with IRS guidelines. As an IRS approved sponsor of CPE, our programs meet CPE standards set forth by NAEA. |
Oregon Board of Tax PractitionersPacific Northwest Tax School is a licensed vocational school regulated by the Oregon Department of Education. Our CPE programs are approved by the Oregon Board of Tax Practitioners.
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California Tax Education Council
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NASBA
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Texas State Board
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New York State Board
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*The Texas State Board of Public Accountancy requires CPAs obtain CPE from a Board-approved sponsor. Pacific Northwest Tax School has registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE programs.
The New York State Board for Public Accountancy requires CPAs obtain CPE from a Board-approved sponsor. Pacific Northwest Tax School has registered with the New York State Board for Public Accountancy as a CPE sponsor. Sponsor License #002479