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Choosing between IRS Form 1040 Schedules C and E

CHOOSING BETWEEN IRS FORM 1040 SCHEDULES C AND E

Cost $30.00
Presentation Length 2.0 hours

Recorded DateDecember 21, 2022
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

There are similarities and differences between the 1040 Schedules C & E. Depending on the circumstances, the owners of unincorporated businesses and disregarded entities (single-member LLCs) will report their income and losses on either Schedule C or E of their personal 1040.

This webinar will help practitioners recognize where to report an individual taxpayer's income and expenses, distinguish which schedules the taxpayer is required to use and why, and understand the specific reporting requirements of income and expenses in addition to the limitations of losses when filing personal Income Tax Returns.        

Learning Objectives:


  • Identify Schedule C: Profit or Loss from Business (sole proprietorships)

    • Part I: Schedule C Income

    • Part II: Schedule C Expenses

    • Part III: Schedule C Cost of Goods

    • Part IV: Schedule C Vehicle Information

    • Part V: Other Expenses



  • Identify Schedule E: Supplemental Income & Loss (From rental real estate, royalties, S corporations, estates, trusts, REMICs, etc.)

    • Part I: Schedule E Income or Loss from Rental Real Estate and Royalties

    • Part II: Schedule E Income or Loss from Partnerships and S Corporations

    • Part III: Schedule E Income or Loss from Estates and Trusts  

    • Part IV: Schedule E Income or Loss from Real Estate Mortgage Investment Conduits (REMICs)

    • Part V: Summary



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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE

Marcia L. Miller, MBA, EA

Financial Horizons, Inc
President & Owner

(954) 389-9510

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Marcia L. Miller, MBA, EA is President and Owner of Financial Horizons, Inc. 

Marcia’s experience spans over four decades of Accounting, Tax and Management Consulting for a practice with emphasis on representing Small Business Owners in all aspects of Taxes, Employment & Labor Issues, Pensions, Estate Planning as well as Federal, State (Nationwide) and Foreign mandatory reporting.

As an author, webinar expert, and live speaker for various national companies & accounting organizations at their annual conferences, she has shared her expertise on a multitude of current business taxation and accounting topics.

As a recognized Thought Leader and Speaker in the World of Information Reporting and commonly referred to as the "1099 Queen", Marcia was appointed to, and successfully completed a three-year term, as a Committee Member, to the Internal Revenue Service's Information Reporting Program Advisory Committee (IRPAC). 

She received both her MBA and BBA from the University of Miami School of Business.

About Our Presenter

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Financial Horizons, Inc. is an expert tax and consulting practice based in Ponte Vedra, FL, assisting taxpayers with their individual & business tax preparation and planning requirements.