Navigating Schedule C is a two-hour tax continuing education course focused on preparing Schedule C for self-employed taxpayers and sole proprietors.
Led by Jason Dinesen, EA, this course goes beyond basic business income and expense reporting to explore issues tax professionals may encounter when preparing Schedule C returns. Topics include 2026 tax considerations, tips and Form 1099-K reporting, hobby versus business rules, single-member LLCs, accounting methods and inventory, vehicle expenses, and employing family members.
Through practical explanations and examples, participants will build a stronger understanding of how these issues affect Schedule C and the preparation of returns for self-employed clients.
This course counts for 2 hours of IRS CE under the category of Federal Tax Law Related Matters.
What You'll Learn
By the end of this course, participants should be able to:
- Identify key 2026 considerations affecting Schedule C filers.
- Explain issues involving tips and Form 1099-K reporting.
- Distinguish between a business and a hobby and recognize the tax implications of each.
- Identify key considerations involving single-member LLCs, accounting methods, and inventory.
- Compare the standard mileage method with actual vehicle expenses.
- Recognize tax considerations when sole proprietors employ spouses or children.
About the presenter:
Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert, and a well-known presenter of continuing education courses.
Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics, and much more.
He has presented dozens of webinars on Form 1099 (for 10 years on this subject!), marriage in the tax code, tax updates, the new Form W-4, payroll updates, filing status, tax credits, corporation and partnership taxation, and other issues relating to the modern-day setting.
Frequently Asked Questions
What is Schedule C?
Schedule C, Profit or Loss From Business, is used to report income and expenses from a business operated as a sole proprietorship. The course focuses on tax issues that can arise when preparing Schedule C for self-employed taxpayers.
Does this course cover 2026 Schedule C tax changes?
Yes. The course reviews select 2026 considerations affecting Schedule C filers, including mileage rates, depreciation amounts, and issues involving the deduction for qualified tips.
Does the course discuss Form 1099-K?
Yes. Participants will examine Form 1099-K reporting for self-employed taxpayers, including issues involving payment settlement entities, third-party settlement organizations, and the separate reporting of tips.
How does the course address hobby versus business rules?
The course reviews the distinction between a hobby and a business, including profit motive, the nine-factor test, and the tax implications when an activity is treated as a hobby rather than a business.
Are Schedule C vehicle expenses covered?
Yes. The course compares the standard mileage method with actual vehicle expenses and reviews considerations involving depreciation, business use, and vehicle loan interest.
Does the course discuss hiring family members?
Yes. The course examines federal tax considerations when sole proprietors employ children or spouses, including wages, payroll taxes, reasonable compensation, and certain employee benefits.
