9/24/2017 (丁酉年[鸡] 农历二零一七年八月初五 星期日)
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Free Seminar: Tax Basics Seminar for the Individual & Small Business

Mr. Bill Michels (MBA, CPA) and Mrs. Michelle Zhou (CPA) will present a free seminar related to Tax for individual and small business at Chinese School.

Room E-13

02:00PM - 4:00PM

Sunday, March 12th, 2017


333 Kaiser RD NW,
Olympia, WA 98502 [View Map]


  1. Form 1040 & 1040-NR (individual) Basics:
    • Practice & Representation before the IRS
    • Tax Rates
    • E-filing (tax returns, estimated payments, form 1099s)
    • Income and losses (Concept of Gross Income & Exclusions)
      W-2’s and 1099-INT, 1099-DIV, 1099 Misc.
    • Adjustments to Income (Adjusted Gross Income) &Modified Adjusted Gross Income
    • Itemized Deduction Vs. Standard Deduction
    • Personal Exemptions
    • ACA & Shared Responsibility Payments
    • Credits
    • Underpayment Penalty (Form 2210) & Estimated Payments

  2. Small Business Basics:
    • Form of Business & Concept of "at risk"
    • Sole Proprietor (Schedule C)
    • Partnership (Form 1065)
    • LLC (Partnership return unless elects to file as a corporation). Note: Sole member LLC is considered to be a disregarded entity and will be taxed by default as a sole proprietorship.
    • Regular “C” Corporation and S-Corporation (1120 & 1120-S)
      Washington State Taxes
      Sales & B&O Tax (DOR); SUTA (ESD);Workers’ Comp.Ins. (L&I)
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