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Reviewing Individual Tax Returns: What Are You Missing?

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Online/Webcast

4.00 Credits

Member Price $225.00

Non-Member Price $269.00

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Overview

Catch errors on individual returns

The sheer volume of individual tax returns requiring preparation can create a work environment that invariably leads to errors or omissions. A trained eye can spot mistakes.

A case-based approach to learning return review

Four case studies focus on issues that individual return preparers and reviewers will frequently encounter in their practice:

  • Section 199A (qualified business income deduction)
  • Home office deduction
  • Rental properties
  • Hobby losses
  • Hiring of spouses
  • Depreciation, including bonus depreciation
  • Section 179 issues
  • Organization and start-up costs

    In-course application

    Learners get access to four 2024 individual returns and try their hand at reviewing them for:
  • Errors
  • Areas for improvement
  • Opportunities to educate or advise the client

    Highlights

  • Qualified business income deduction
  • Hobby losses
  • Self-employment health insurance
  • Business start-up costs
  • Depreciation
  • Schedule C issues
  • Like-kind exchanges
  • Clean vehicle credit

    Prerequisites

    Experience with individual tax return preparation

    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

    Objectives

    • 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.

    • Non-Member Price $269.00

    Member Price $225.00

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