Taxation of Self-Employment Income:  Schedules C, F, and SE Including Business vs Hobby


CPE Credit: 4 hours

This 4-hour webcast will provide attendees with an overview of tax aspects related to self-employment income and tax thereon.  We will define who is self-employed according to the IRS as well as self-employment tax obligations.

Topics Covered

• Overview
• What are self-employment tax obligations?
• How and when do taxpayers deal with quarterly payments?
• Information on filing annual return and related forms
• What are requirements for filing information returns?
• What business structures subject to self-employment tax
• Deductions in arriving at net self-employment income
• Husband and wife businesses

Learning Objectives:

• Recognize the the importance of properly classifying self-employment income subject to SE tax
• Be knowledgeable and conversant about selected tax aspects self-employment taxation
• Be able to become aware of situations requiring further research