Why LCBA?

Why LCBA? LCBA, founded in 1890, is a unique type of organization that provides the financial protection our members need, with the added benefit of helping those in need. We put our earnings back into communities and causes, not pockets.

Where can I find the latest information about Schedule C?

For the latest information about developments related to Schedule C and its instructions, such as legislation enacted after they were published, go to Standard mileage rate. The business standard mileage rate for 2020 decreased to 57.5 cents per mile. Excess business loss limitation.

Is LCBA accredited by DepEd?

LCBA, a Private Higher Education Institution (PHEI), is recognized by the Department of Education (DepEd) and Commision on Higher Education (CHED), certified by the Private Education Assistance Committee (PEAC), and accredited by the Philippine Association of Colleges and Universities Commission on Accreditation (PACUCOA).

What line of income is qualified business income on Schedule C?

Income you report on Schedule C may be qualified business income and entitle you to a deduction on Form 1040 or 1040-SR, line 13.. Line 1 Enter gross receipts from your trade or business.