Course Description:

This IRS-approved and CTEC-approved course is designed to meet California continuing education requirements for tax preparers working with sole proprietors and self-employed clients. Packed with practical insights, this webinar explores key Schedule C topics, including deductible expenses, accounting methods, 1099-K reporting, and the latest IRS updates for the 2025 tax year.

California tax professionals will gain a deeper understanding of home office deductions, vehicle expense strategies, and how to properly report income from third-party platforms like PayPal and Venmo. The course also examines critical court cases—such as Nurumbi and Gregory—that illustrate the IRS’s current approach to income substantiation and hobby loss disallowances.

This course fulfills CTEC CE credit requirements and supports your continued compliance with California’s Tax Education Council standards.

Learning Objectives:
By the end of this course, attendees will be able to:

• Identify key differences between cash and accrual accounting for Schedule C clients.

• Apply updated rules for deducting home office and vehicle expenses.

• Understand new thresholds for Form 1099-K and how they impact California clients.

• Evaluate the risks and best practices for paying contractors and issuing 1099-NEC forms.

• Advise clients on retirement contributions, self-employed health insurance deductions, and hiring family members.

• Interpret relevant court decisions impacting expense deductions and business classifications.

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