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Instructor Melinda Tolbert
IRS Enrolled Agent

 Learn How To Take Your Tax Business To The Next Level 

Schedule C
MasterClass

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With interactive and hands-on training, this Mastering Schedule C Certification Program is Led by an experienced IRS Enrolled Agent with over 17 years of experience. You will learn how to properly complete and understand Schedule C line by line.

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Schedule C Expert 
Certification

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Upon completion of the course, you will have the knowledge and skills necessary to prepare and file complex Schedule C tax returns with confidence, understand the audit process, and minimize your risk of audits and penalties.

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Comphrensive Certification Program

Our Schedule C Masterclass is a comprehensive certification program designed for both new and seasoned tax professionals who want to expand their knowledge and expertise in Schedule C tax preparation.

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A Comprehensive Certification Program for Tax Professionals

MASTERING SCHEDULE C

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Register now and join the ranks of tax professionals who are leading the way in this exciting and dynamic field. Invest in your future and sign up for the Mastering Schedule C Masterclass today!

*SEATS ARE LIMITED TO 

10 TAX PROFESSIONALS

PER CLASS

 

PRE-REGISTRATION STARTS

FRIDAY MARCH 10

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$1,499

EARLY BIRD PRICE  $997

LEARN HOW TO COMPLETE A SCHEDULE C LINE BY LINE

Our Schedule C Masterclass is a comprehensive certification program designed to help tax professionals become experts in Schedule C, the tax form used by sole proprietors and single-member LLCs. Led by an experienced IRS Enrolled Agent, this program provides a deep dive into the key concepts, strategies, and techniques needed to confidently handle Schedule C for your clients.

In this program, you will learn:

  • The basics of Schedule C, including how it fits into your client's overall tax returns and why it's so important to get it right.

  • Best practices for working with your clients to keep accurate and organized records for their businesses, so you can avoid costly mistakes and maximize their deductions

  • Advanced strategies for maximizing deductions, including commonly overlooked deductions that can save your clients money on their tax bills

  • Techniques for navigating complex Schedule C issues, such as vehicle deductions and home office deductions, so you can ensure that your clients are in compliance with the latest tax laws

  • Proven tax planning strategies for reducing your clients' tax liability and maximizing their profits

To earn the Schedule C Masterclass certification, you will need to complete the course, pass a final exam covering key concepts and strategies, and demonstrate your ability to apply your knowledge to real-world scenarios. Upon earning the certification, you will gain access to exclusive resources and continuing education opportunities, as well as ongoing support from a network of certified Schedule C experts.

 

This program is designed for tax professionals who want to distinguish themselves as Schedule C experts and enhance their credibility and marketability with clients. With the expertise of an IRS Enrolled Agent with over 17 years of experience and a comprehensive, step-by-step program, you'll have the knowledge and tools you need to confidently handle Schedule C and provide the best possible service to your clients.

 

Enroll in our Schedule C Masterclass certification program today and take your tax practice to the next level!

A Comprehensive Certification Program for Tax Professionals

MASTERED IT!!

EARN TWO CERTIFICATIONS FOR ONE PRICE!!!

SCHEDULE C
MASTERCLASS OUTLINE

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$1,499

EARLY BIRD PRICE  $997

I. Introduction

  • Overview of the course objectives

  • Explanation of why Schedule C tax preparation is important for tax professionals

  • A brief overview of what to expect from the course

II. Schedule C Basics

  • Introduction to Schedule C

  • Overview of Schedule C tax forms and eligibility requirements

  • Line by Line explanation of the different fields and sections of the Schedule C form

  • Understanding tax laws and regulations for Schedule C filers

  • Discussion of common Schedule C mistakes to avoid when preparing Schedule C tax return

  • Best practices for preparing and filing Schedule C tax returns

  • Case Study

  • Q&A session for clarification of Schedule C basics

III. Self-Employment Taxes

  • Definition of self-employment tax

  • Calculation of self-employment tax

  • Understanding the impact of self-employment on Social Security and Medicare benefits

  • Explanation of the difference between self-employment tax and FICA tax

  • Overview of how self-employment tax affects the taxpayer's income tax liability

  • Overview of tax laws and regulations for self-employed individuals

  • Discussion of strategies to minimize self-employment tax

  • Case Study

  • Q&A session for clarification of self-employment taxes

IV. Estimated Tax Payments

  • Explanation of the importance of estimated tax payments for Schedule C filers

  • Understanding Estimated Tax Payments

  • Who is Required to Make Estimated Tax Payments

  • Penalties for Not Making Estimated Tax Payments

  • Overview of the most common methods used by Schedule C filers

  • Case Study

  • Q&A session for estimated tax payments

V. Reporting Business Income

  • Definition of business income

  • Overview of the different types of business income

  • Explanation of how to calculate gross income for tax purposes

  • Discussion of how to report business income on the tax return

  • Case Study

  • Q&A session for clarification of reporting business income

VI. Advanced Record Keeping and Organizing of Tax Documents

  • Best practices for keeping accurate records and organizing tax documents

  • Understanding the importance of documentation for Schedule C filers

  • Strategies for minimizing the risk of audits and penalties

  • Discussion of the IRS guidelines for recordkeeping retention

  • Case Study

  • Q&A session for recordkeeping

VII. Business Expenses

  • Definition of business expenses

  • Overview of deductions and credits available for Schedule C filers

  • Common business expenses and deductions for Schedule C filers

  • Explanation of how to calculate and report business expenses on the tax return

  • Discussion of how to maximize business expense deductions

  • Case Study

  • Q&A session for clarification of business expenses

VIII. Home Office Deductions

  • Definition of the home office deduction

  • Overview of the requirements for claiming the home office deduction

  • Explanation of how to calculate the home office deduction

  • Discussion of common mistakes to avoid when claiming the home office deduction

  • Case Study

  • Q&A session for clarification of home office deductions

IX. Employee vs. Independent Contractor

  • Definition of employee and independent contractor

  • Overview of the differences between an employee and independent contractor status

  • How to determine if a worker is an employee or an independent contractor

  • Discussion of the tax implications of employee vs. independent contractor status

  • Penalties for Misclassifying Employees as Independent Contractors

  • Overview of the forms Tax Professionals must submit to the IRS for independent contractors

  • Tax laws and regulations for independent contractors 

  • Case Study

  • Q&A session for clarification of employee vs. independent contractor

X. Navigating the Audit Process

  • Overview of the audit process for Schedule C filers

  • Understanding the different types of audits

  • Discussion of common reasons for an audit

  • Explanation of how to prepare for an audit

  • Overview of how to respond to audit requests

  • Tips for staying compliant with IRS regulations

  • Discussion of strategies to minimize the risk of an audit

  • Case Study

  • Q&A session for clarification of navigating the audit process

XI. Tax Preparer Due Diligence *****BONUS*****

  • Overview of due diligence requirements for tax preparers

  • Discussion of how to verify client information

  • Due Diligence Code and Regulations 

  • Overview of Due Diligence Preparer Compliance 

  • Overview of IRS letter for Due Diligence

  • Due Diligence penalties and sanctions

  • Due Diligence Best Practices

  • Case Study

  • Q&A session for clarification of tax preparer due diligence

XII. Conclusion

  • Recap of key takeaways from the course

  • Discussion of how the knowledge gained from the course can benefit tax professionals and their clients

  • Suggestions for further learning and professional development in tax preparation.

By the end of this course, tax professionals will have a thorough understanding of Schedule C tax preparation, including the line-by-line instructions for the Schedule C form, how to minimize self-employment tax, and how to navigate the audit process. They will also learn strategies to handle more complex business clients and improve their due diligence as tax preparers.

Whether you're a new tax professional looking to expand your knowledge or a seasoned pro who wants to stay on top of the latest tax laws and regulations, our "Mastering Schedule C" certification program is the perfect way to improve your skills and take your tax practice to the next level. Enroll in our certification program today and become a Schedule C expert!

This program is designed for tax professionals who want to distinguish themselves as Schedule C experts and enhance their credibility and marketability with clients. With the expertise of an experienced IRS Enrolled Agent and a comprehensive, step-by-step program, you'll have the knowledge and tools you need to confidently handle Schedule C and provide the best possible service to your clients.

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