Tax Bites 2025: Schedule C - Pen to Paper

Fred Stein, EA, CPA

Covers the completion of the Sch C in real time, including recordkeeping, depreciation, categorization of expenses, COGS, and loss limitations. Will also briefly review Hobby v business decisions.

Objectives:

1. Discuss recordkeeping requirements

2. Review best practices

3. Discuss some practice management 

Fred Stein is a CPA and an Enrolled Agent. After graduating from State University of New York at Oswego (SUNY at Oswego) with a BS in Accounting, he became a CPA 35 plus years ago. After working for a few firms to gain experience, he started his own practice in New York in 1995. He is the tax director of BQ Tax and Accounting, LTD, where he specializes in tax planning and tax controversy resolution, as well as apprenticing EAs, but his practice is all encompassing. In 2017, he began to expand his business and now has offices in Texas, Missouri, New York, and California, where he now resides with the Mermaid.

Fred sits on the editorial board of NAEA's EA Journal and has been teaching for several years.

IRS #HGQT7-T-00164-25-O