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The Sole Proprietor - Federal Tax Law Considerations

Course Price: N/A
CPE Credits
2
Advanced Preparation
None
Course Level
Intermediate
Prerequisite
None
IRS CPE
2
NASBA CPE
2
CTEC CPE
2
Author
Nina Tross MBA, EA
Course Description

The sole proprietorship has many of the same attributes as the corporate entity, yet some unique tax considerations that may make it a more desirable tax entity. This course will look at the federal tax considerations of the sole proprietorship that are presented as a result of the Tax Cuts and Jobs Act (TCJA) and the subsequent COVID-19 regulations from both the IRS and the Small Business Administration (SBA). We will also look at some of the record keeping challenges for the sole proprietor.

Learning Objectives

At the completion of this session, the participants will be able to prepare the Schedule C, Profit or Loss From Business:

* taking into consideration the tax planning opportunities for the sole proprietor; * understanding the tax compliance requirements for the sole proprietor; and * using best practices in the operations of the business and preparation of the business financial records.

FAQ

To receive the member price, first log into your member account. Your member discount will then be automatically applied. We can also take your registration by phone.

Your registration confirmation will be emailed to you when your payment is processed. During our busy season, this can take up to 2-3 business days after we receive your registration.

Check your SPAM folder for the email. To prevent SPAM filters from blocking our emails please add taxes@nstp.org to your address book or safe senders list. For more information, click How to Whitelist an Email Address or Email Whitelist Instructions.

Yes. If you have a PTIN on file with us, we will submit your hours. To insure we have your correct info, please provide your PTIN when you register for a course. Please notify us if you have recently submitted a name change request to the IRS.

Your certificate will be emailed to you within 10 business days of the completion of the course.

Administration:
Refunds
  • Once your registration confirmation is emailed, due to the proprietary materials and content of orders are NOT ELIGIBLE for refund, cancellation, or transfer to another NSTP course.
Disclaimer
  • materials and presentations are intended to stimulate thought and discussion and to provide attendees useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any tax procedure, tax planning technique, device or suggestion, or any of the tax consequences associated with them.
  • Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual’s reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials, and during the seminar presentation, before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any device, technique, or suggestion before recommending the same to a client or implementing the same on behalf of a client, or on the attendee’s own behalf.
  • materials & presentations are fully protected under copyright law. Any attempt to copy for resale, distribution, or use other than personal use for tax preparation will be fully prosecuted of the law.
Testing Policy
  • require a test for CPE. 3 attempts are allowed.
  • You have 1 (one) year from date of purchase to complete the course by taking the test.
More Information For more information regarding refund, cancellation, and complaint policies, please contact our offices at 1(800) 367-8130.