November

How to Prepare Your Own Schedule C

Wednesday, November 3 in San Jose
US Small Business Administration, 100 E. Santa Clara St.
10:00 am – 12:30 pm

Prepare your business taxes for ’10 and get ready for ‘11. Review what the IRS wants to know from you and how to report it on the Schedule C for your business. This is a class for business owners who need a basic understanding of their 1040 Schedule C tax forms. We’ll also talk about what to do with the numbers once you have them. We can’t guarantee you won’t get audited, but this class will make it less likely. This class is free.

Basic Payroll

Thursday, November 4 in Oakland
Elihu M. Harris State Building,1515 Clay Street, Room 1, Second Floor,
9:00 am – 3:00 pm with an hour for lunch.

Tuesday, November 16 in San Rafael - Cancelled

Wednesday, November 17 in San Francisco
SBA office 455 Market Street, 6th floor (take BART to Embarcadero),
9:00 am – 3:00 pm with an hour for lunch

• California payroll reporting requirements: forms DE-34, DE-6, DE-7, employer obligations, reporting, and payment requirements.
• Independent contractor reporting requirements, forms W-9, DE-542, 1099, and 1096, obligations, reporting for both California and the IRS.
• Federal payroll reporting requirements: Forms 940, 941, W-2, W-3, W-4, I-9, and alternative filing.
• Electronic filing and payment requirements and options.
• Practical Example with completed forms for sample company.

Register by going to http://www.edd.ca.gov/Payroll_Tax_Seminars/ and find your favorite location.

These seminars have proven to be very popular, plus they’re free.

Intermediate S Corporations

Monday, November 8 in Red Bluff, California
10:00 am to 3:00 pm

This is an intermediate class, so we won’t be discussing how to fill out the form. Rather, we’ll be looking at how to quickly solve the most common problems encountered with preparing an 1120S, and what to do now to reduce the likelihood of future problems. This class is limited to 10 participants, so you’ll be able to ask all your questions. We’ll also cover the complex issue of basis and why we care what it is.

“This is the best class on S Corps I’ve ever been to, and I’ve been to a lot.”

Fee to attend is $225, but reduced to $175 for NAEA/CSEA members. CPE credit of 4 hours available for Enrolled Agents who attend, no credit currently available for CTEC, but it’s a good class.

Send me an e-mail if you want to attend for reservation of your spot and directions. Class size is limited. Flyer is on the website at www.TaxBuddha.com/1120_S_Flyer_2010.pdf