Schedule C Audit Issues
Paul La Monaca CPA, MST
May 5, 2026
Session 1
Registration: 7:30 AM
Session 1 Begins: 8:00 AM
Session 1 Concludes: 10:40 AM
This course discusses the complex audit issues of a sole-proprietorship and the challenging income tax and self-employment tax issues facing Tax Professionals in the preparation of the Schedule C Profit or Loss from Business. This course is a roll up your sleeves approach which addresses issues such as:
- Lack of documentation and receipts
- Expenditures incurred for traveling away from home
- Substantiation of business expenses of employees
- Audit Technique Guides pertaining to Schedule C
- Permissible methods of accounting
- Understanding the tax gap as it relates to Schedule C filers
- Activities IRS may challenge as being a §183 Hobby
- IRS Review of specific line-item deductions and information fields
- How and when revenues and expenses are to be reported
- Understanding the makeup of the Schedule C and reporting requirements
At the conclusion of this session, the participants will have a better working knowledge of the importance of understanding how a Schedule C Profit or Loss from Business impacts Form 1040 and the self-employment taxes of the sole-proprietorship as a business entity.
Participants will also be more familiar with the audit technique guides, and substantiating business expenses examined by IRS in a Schedule C audit.
Official Registry Statement:
The National Society of Tax Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
CTEC Disclosure Statement:
The National Society of Tax Professionals has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual "continuing education" requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Event Administration Policies:
In Person Event/Course Refunds, Credits or Changes
- Refunds or future education credits are available if requested up to 7 days before the event begins.
- A $25 administrative fee will be charged for all course changes, including, refunds, cancellations and future education transfers.
- Future education credits expire one year from transfer.
- Refunds are no longer available once the Course Material PDF has been emailed.
Executive/Charter Member No Show Fees
- Executive and Charter members must provide at least seven (7) business days’ advance notice to cancel an in-person course. Failure to do so will result in a $150 no-show fee. Cancellation notice must be submitted by calling the NSTP office or emailing taxes@nstp.org; no other form of cancellation will be accepted.
Event/Course Registration
- Registrations must be received no later than 7 days prior to the beginning of the course. Registrations received after this date will be subject to a $35 late fee.
NSTP Cancels Event or Course
- NSTP reserves the right to cancel any program for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.
Walk-Ins
- We do not accept walk-in attendees. Payment must be received in advance of the class.
Guest Attendance Policy
- A course/event confirmation is required for entry into any NSTP program.
- Only paid registrants can attend seminars. In consideration of your fellow attendees, guests will need to depart before the session begins.
More Information
For more information regarding refund, cancellation, and complaint policies, please contact our offices at 1(800) 367-8130.
