IRS Schedule C for Freelancers-Small Businesses
How Millions of Small Business Owners Lower Taxes
Ratings 3.87 / 5.00
What You Will Learn!
- Students will learn how to legally reduce the amount of taxes owed when operating a small business
- Students will learn about free tax software and the elements included in a Schedule C
- Students will gain insight into why over 25 million taxpayers use a Schedule C
- Students will learn why and how to use depreciation to grow their business.
- Students will learn about dozens of legal tax write offs most taxpayers forget
- Students will learn what NOT to do when dealing with the IRS
Description
Over 25 million U.S. taxpayers file using a Schedule C. This course shows you how many freelancers and small business owners lower their taxes, while tax planning during the last quarter of the year before the actual tax return becomes due. The course explains the depreciation component which is now over $1 million annually and can reduce your tax liability dramatically. The course also shares insight into using profits to build company assets while reducing taxes. There is a systemized process that taxpayers can use to legally defer and, or lower taxes. These easy-to-follow lectures share details on how to make a Schedule C work for you., even if you know very little about taxes.
The small business owner is one of the most important components in the US economy. Small business employs over 70% of all US taxpayers. Congress provides tax benefits and tax savings to help ensure the success of the small business owner. Starting out as a freelancer or a 1099-NEC is a great way to get started to join the one percent of wealthy building small business owners
The course introduces students to a whole new theory with proven actions to lower taxes, legally and effectively. All recommendations adhere to the US Tax Codes and laws set by Congress each year.
Who Should Attend!
- US Freelance Taxpayers who perform services online or offline for pay
- Anyone who has received a 1099-MISC
- Small business owners who want to know how to legally lower taxes
- Taxpayers who want to understand the concept of Schedule C
- New tax preparers who want to better understand tax loopholes associated with Schedule C
