Navigating Schedule C is a two-hour tax education course designed to strengthen your understanding of federal tax issues affecting self-employed taxpayers and sole proprietors.
Presented by Jason Dinesen, EA, the course takes a practical look at Schedule C and the rules that can affect how business activity is reported. Topics include 2026 tax considerations, tips and Form 1099-K reporting, hobby versus business rules, single-member LLCs, accounting methods and inventory, business vehicle expenses, and employing family members.
Participants will gain a broader understanding of how these topics connect to Schedule C and the preparation of federal income tax 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:
- Recognize key 2026 considerations for Schedule C filers.
- Identify reporting issues involving tips and Form 1099-K.
- Explain the distinction between hobby and business activities.
- Recognize how single-member LLCs are generally treated for federal tax purposes.
- Identify basic accounting method and inventory considerations.
- Compare common methods for deducting business vehicle expenses.
- Recognize considerations involving spouses and children employed by sole proprietors.
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
Who files Schedule C?
Schedule C is generally used to report income or loss from a business operated as a sole proprietorship. This course focuses on tax issues that professionals may encounter when preparing returns for self-employed taxpayers.
Is this just a basic Schedule C course?
No. While the course provides context surrounding Schedule C, it goes beyond basic income and expense reporting to examine several tax issues affecting self-employed taxpayers.
Does the course cover Form 1099-K reporting?
Yes. The course discusses Form 1099-K and how reporting from payment settlement entities and third-party settlement organizations can affect self-employed taxpayers, particularly when tips are involved.
Will I learn about hobby versus business rules?
Yes. The course reviews profit motive, factors used to distinguish a business from a hobby, and the tax consequences when an activity is classified as a hobby.
Are LLCs and inventory included?
Yes. Participants will review the federal tax treatment of certain single-member LLCs as well as accounting method and inventory considerations for Schedule C businesses.
Does the course cover family members working for a sole proprietor?
Yes. The course discusses considerations involving children and spouses working for sole proprietors, including federal payroll tax treatment and other potential tax considerations.
