What you'll learn

Students will learn how to legally reduce the amount of taxes owed when operating a small business
Students will learn about free tax software and the elements included in a Schedule C
Students will gain insight into why over 25 million taxpayers use a Schedule C
Students will learn why and how to use depreciation to grow their business.
Students will learn about dozens of legal tax write offs most taxpayers forget
Students will learn what NOT to do when dealing with the IRS

Requirements

Understand basic use of the Internet

Description

Over 25 million U.S. taxpayers file using a Schedule C. This course shows you how many freelancers and small business owners lower their taxes, while tax planning during the last quarter of the year before the actual tax return becomes due. The course explains the depreciation component which is now over $500K annually and can reduces your tax liability dramatically. The course also shares insight into using profits to build company assets while reducing taxes. There is a systemized process which taxpayers can use to legally defer and, or lower taxes. This easy to follow course shares the details on how to make a Schedule C work for you.
Who is the target audience?

US Freelance Taxpayers who perform services online or offline for pay
Anyone who has received a 1099-MISC
Small business owners who want to know how to legally lower taxes
Taxpayers who want to understand the concept of Schedule C
New tax preparers who want to better understand tax loopholes associated with Schedule C