Date: July 15th , 2026

Time: 1pmET | 12pm CT | 11am MT | 10am PT

Duration: 120 Minutes

Description:

Preparing Schedule C has become increasingly complex as the IRS continues to intensify its focus on sole proprietors, independent contractors, freelancers, and small business owners. With evolving tax legislation, updated IRS guidance, changing reporting requirements, and heightened enforcement efforts, even seemingly minor reporting errors can result in lost deductions, costly penalties, or unwanted audit attention. Tax professionals can no longer rely solely on prior-year practices staying current is essential to delivering accurate returns and proactive client advice.

This comprehensive webinar provides an in-depth examination of Schedule C, equipping practitioners with the knowledge and practical strategies needed to confidently prepare returns, identify tax-saving opportunities, and navigate today’s evolving compliance landscape. From properly reporting business income and maximizing legitimate deductions to understanding depreciation, vehicle expenses, home office deductions, and self-employment tax, participants will gain a complete understanding of the issues that matter most when preparing Schedule C.

The session will also explore the latest federal tax law developments, recent IRS guidance, and legislative updates affecting self-employed taxpayers, helping practitioners understand how these changes impact return preparation, tax planning, and client advisory services. Special emphasis will be placed on documentation requirements, common audit triggers, substantiation standards, and emerging enforcement priorities so attendees can better protect both their clients and their practice.

Beyond compliance, this webinar focuses on strategic tax planning. Participants will learn how to uncover overlooked deductions, properly classify expenses, optimize depreciation elections, evaluate accounting method considerations, and implement year-end planning techniques that can significantly reduce taxable income while maintaining full compliance with IRS rules.

Through real-world examples, practical scenarios, and expert insights, attendees will develop the confidence to address complex Schedule C issues, avoid costly filing mistakes, respond to common client questions, and provide higher-value advisory services throughout the year not just during filing season.

Whether you prepare hundreds of sole proprietor returns or are looking to strengthen your expertise in small business taxation, this timely session will provide actionable guidance, practical tools, and the latest technical updates needed to remain compliant, minimize audit exposure, maximize legitimate tax savings, and better serve your self-employed clients in an increasingly challenging tax environment.

Learning Objectives:

• Identify taxpayers required to file Schedule C and understand reporting requirements.
• Properly report business income, including cash, electronic payments, Form 1099 reporting, and other taxable receipts.
• Distinguish between deductible and nondeductible business expenses under current tax law.
• Apply depreciation, Section 179 expensing, and bonus depreciation rules for business assets.
• Understand home office deduction requirements and methods of calculation.
• Navigate vehicle expense deductions using both the standard mileage and actual expense methods.
• Calculate self-employment tax and understand available deductions and credits.
• Recognize common IRS audit triggers and implement documentation best practices.
• Evaluate recent tax legislation and IRS guidance impacting sole proprietors and small businesses.
• Identify tax planning strategies to reduce taxable income while maintaining compliance.

Topics Covered:

• Business Income Reporting.
• Deductible Business Expenses.
• Vehicle and Home Office Deductions.
• Depreciation and Capital Assets.
• Self-Employment Tax.
• Recent Tax Updates.
• Audit Readiness.
• Tax Planning Strategies

Credits and Other information:

• Recommended CPE credit – 2.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 120 Minutes

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker:

Jason Dinesen, LPA, EA is a highly respected tax practitioner, entrepreneur, and continuing professional education (CPE) instructor with more than 15 years of experience serving individuals, entrepreneurs, and businesses across a wide range of industries. His expertise spans accounting, bookkeeping, tax compliance, tax planning, and business advisory services, enabling him to provide practical, real-world insights that resonate with accounting and tax professionals.

Jason has built a strong reputation for delivering timely analysis of federal tax legislation, IRS guidance, and emerging compliance issues. Known for his clear explanations, practical approach, and insightful interpretations of complex tax provisions, he helps professionals stay informed, navigate evolving tax regulations with confidence, and identify planning opportunities that deliver value to their clients.

Whether discussing new tax legislation, IRS procedural changes, or advanced planning strategies, Jason combines technical expertise with real-world experience to provide actionable insights that practitioners can immediately apply in their day-to-day practice.