IRS Schedule C for Freelancers-Small Businesses
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 this course is for:
- 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
Course content
- Preview03:30
Instructor
![Sandy Ingram](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.2 Instructor Rating
- 158 Reviews
- 11,179 Students
- 12 Courses
C. Ingraham, RTRP is the founder of Taxes Will Travel, a mobile tax service established in 1999 in the San Francisco Bay Area. During these years Sandy taught basic tax courses for Jackson Hewitt and Liberty Taxes, retail tax franchises in the bay area. She is actively registered with the IRS since 2000 and satisfied the new RTRP qualifications in 2012/13. She is now retired and resides in a small fishing village south of the border.
The author of several tax books both tax savings, benefits and tax loopholes, she has published in both digital and print format.
When not writing tax books, she can be found writing children's books for preschool and kindergarten, a career she enjoyed before becoming a tax accountant.
in 2005, she became a certified Internet Marketing Specialist. This career move was short lived due to increased work load of tax clients.and Invoice Lines of Credit funding opportunities. She worked with government contractors and vendors to obtain accounts receivable funding to eliminate cash flow issues when fulfilling government contracts.
After retiring C. Ingraham wrote the book How to Become a Tax Preparer and Earn Big Part-Time. The book was published in electronic format and has experienced a consistent sales history. When she was introduced to Udemy, she felt the book could serve as a foundation for an online video course.
There were challenges in getting the Udemy course approved. The biggest challenge being that of a recording studio. She wanted the course to be about the subjects tax professionals rarely hear about. The securing of new tax clients and the basic procedural methods of launching a one-person tax service for the purpose of generating profit