Fundamentals of Form 1040 -- Business (C74604)

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Cancellation Policy

Please note that this webinar Is from a third party vendor, CPA Crossings. We strongly recommend registering no later than one-hour before the webinar begins. Please contact CPA Crossings webinar hotline if you do Not receive your webinar invitation via email within five minutes after registering:  877-370-2220 ext. 1. Thank you.

Date(s):

05/13/2026

Registration Open:

12:00 AM - 12:30 PM

Time:

12:30 PM - 4:30 PM

Facility:

 Online

Meeting Type:

Webinars

CPE Credit:

4.00

Field(s) Of Study:

Taxes (4.00)

Level of Knowledge:

Intermediate

Price:

Member: $149.00
Nonmember: $169.00

Individual Discounts:

Not Available

Overview

After attending this presentation, you will be able to...

  • Analyze Schedule C to determine business income, deductions, and self-employment tax implications
  • Interpret Form 7203 to determine shareholder stock and debt basis for S corporation shareholders
  • Analyze and apply the reporting requirements of IRS Form 7217, including determining a partner&rsquo:s basis in distributed property
  • Calculate self-employment tax and apply deductions related to business expenses
  • Implement preparer best practices to avoid common IRS audit triggers
  • Apply tax rules for reporting pass-through entity income on individual tax returns
  • Assess legislative updates affecting business income reporting for the current year

Highlights

The major topics that will be covered in this course include:

  • Self-employment and business income taxation (Schedule C, self-employment tax, business deductions)
  • Reporting income from pass-through entities (Schedule E, Schedule K-1, Shareholder stock and debt basis on Form 7203)
  • Application of Form 7217 for capital construction funds
  • Best practices for self-employed clients and small business owners
  • Key deductions and credits for business owners
  • Avoiding common IRS audit triggers related to business income reporting
  • Legislative updates impacting business income taxation in the current year

Speaker(s)

Prerequisites

Fundamentals of the 1040