The sheer mass of Internal Revenue Code provisions affecting individual taxpayers
presents a considerable challenge for CPAs and tax professionals. The review stage of
preparing a return serves as a critical backstop to prevent errors in clients' returns.
This case study-based course addresses common mistakes practitioners make when
preparing individual tax returns that are often missed by review staff. Learners will
review four sample returns and identify both errors and areas of opportunity. They'll
also discover issues that may warrant additional client information and about areas of
tax law that require deeper analysis.
DESIGNED FOR
CPA firm partners and managers tasked with reviewing individual Tax returns.
CPA firm staff tasked with preparing individual Tax returns.
CPA sole proprietors specializing in individual taxation.
BENEFITS
- Determine the proper tax treatment for certain rental property activities.
- Distinguish between hobbies and businesses.
- Identify the warning signs that a client might have unreported income.
- Determine proper tax return reporting of a like-kind exchange transaction.
HIGHLIGHTS
- Qualified business income deduction
- Hobby losses
- Self-employment health insurance
- Business start-up costs
- Depreciation
- Schedule C issues
- Like-kind exchanges
- Charitable contributions of property
TAKE THEIR WORD FOR IT…
Past attendees say:
- More fun than just reading and listening
- Enjoyed taking this class. Thanks you.
PREREQUISITES
Basic knowledge of, or experience with, individual taxation
ADVANCE PREPARATION
None