Live Webinar - Schedule C: Income, Expenses, & Your Tax Responsibilities

If you operate as a sole proprietor, understanding what goes on Schedule C is an important part of managing your federal tax responsibilities. This live webinar will explain how business income and expenses are reported and introduce common tax considerations that may affect your business.

Highlights:

• Understand how gross receipts, cost of goods sold, and business expenses are reported
• Learn about common expenses, including vehicle costs, supplies, travel, and meals
• Explore depreciation and how it may apply to business property
• Learn how net profit or loss and the Qualified Business Income deduction may affect your taxes

This live webinar is intended for sole proprietors, self-employed individuals, and small business owners who file or expect to file Schedule C.

Speaker:

      Sheba D. Gonzalez, Stakeholder Liaison, Internal Revenue Service

Sheba Gonzalez is a Stakeholder Liaison with the Internal Revenue Service. Her mission is to establish relationships with tax professionals, industry stakeholders and others working with small business owners to share tax information and ensure compliance with ever-changing tax laws. She represents the IRS at many face-to-face and virtual seminars and events where she discusses IRS policies and procedures, tax law updates, and emerging issues.

It is imperative to add centeric@ic.sbdc.uhbauer.org and no-reply@zoom.us to your approved senders' list to be able to receive event confirmations and links.

Only live attendees will receive a copy of the recording after the webinar. If you miss the session, the recording will not be shared.