Employee Benefits, Interest & Professional Fees (Schedule C Lines 14–17) скачать в хорошем качестве

Employee Benefits, Interest & Professional Fees (Schedule C Lines 14–17)

Employee benefits, interest, and professional fees explained for Realtors. Learn how Schedule C Lines 14 through 17 work, including employee benefit programs, insurance deductions, business interest rules, mortgage interest reporting, credit card interest mistakes, and how to properly deduct legal and professional fees. This lesson covers employee classification warnings, interest tracing rules, Form 1098 reporting, home office interest limits, legal and accounting fees, bookkeeping, consultants, virtual assistants, 1099 reporting requirements, and common Schedule C errors that trigger IRS notices. 00:31 Employee Benefit Programs (Line 14) 01:35 Items Paid by Employer for Employees 01:52 What Employee Benefits Do NOT Include 02:56 Insurance Other Than Health (Line 15) 04:02 Insurance NOT Reported on Line 15 05:41 Health Insurance for the Self-Employed 06:44 Interest Overview (Lines 16a and 16b) 07:10 Loans From Family and Friends 07:45 Mortgage Interest (Line 16a) 09:52 Other Interest (Line 16b) 10:38 Interest on Unpaid Business Taxes 11:21 Penalties Are NOT Deductible Interest 11:54 Credit Card Business Interest 12:46 Loan Proceeds Used for Business and Personal 13:26 Non-Deductible Interest 14:18 Legal and Professional Services (Line 17) 14:18 Business Legal Fees 16:10 Professional Tax Fees 17:23 Other Professional Fees