Maximizing Schedule C Deductions

Anthony Sampson, EA
Enrolled Agent and Solution Architect

During this one-hour live webinar, Anthony Sampson, Enrolled Agent and Solution Architect for Wolters Kluwer Tax & Accounting, will cover the following topics: 

• Strategies to maximize your client’s tax refund with typical Sch C deductions
• Maximizing the Qualified Business Income Deduction (QBI)
• Should I deduct the mileage or the actual expenses on a vehicle used in a business?
• Reporting home office deductions
• Practical Examples in a 1040 Individual Tax Return

Objectives: 

• Identify if a taxpayer is eligible to file a Sch C
• Recognize how to work with Sch C deductions in order to maximize a taxpayer’s tax refund
• Understand the pros and cons of using the standard mileage or the actual expenses deduction