Small Business/Self-Employed Division
• Today’s presentation will cover:
• Who is a Direct Seller
• Direct Sellers
• Basic Tax Information
• Basic Tax Information
• Information Returns Example
• Business Income
• Example 1
• Example 2
• Example 3
• Example 4
• Example 5
• Gross Profit
• Cost of Goods Sold
• Capital Expenses
• Demonstrators
• Demonstrators - Example
• Demonstrators – Example
• Demonstrators - Example
• Business Expenses
• Travel Expense
• Transportation Expense
• Example
• Entertainment
• Is this an activity engaged in for profit?
• Factors used to determine if profit motive exists
• Factors used to determine if profit motive exists (cont’d)
• Factor 1
• Factor 2
• Factor 3
• Factor 4
• Factor 5
• Factor 6
• Factor 7
• Factor 8
• Factor 9
• Summation of Factors
• Slide 39
• Additional Resources Audit Technique Guides
• Do you have a question?
• Slide 42
Other Material
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