Reviewing Individual Tax Returns: What Are You Missing?

Description

The sheer mass of Internal Revenue Code provisions affecting individual taxpayers presents a considerable challenge for CPA's and tax professionals. Combine that with the potential for input error when utilizing the array of income tax software available creates the potential for a multitude of errors that can occur on the final tax return forms. Join us as we discuss the common errors practitioners make on individual tax returns that are often missed by review staff. The intent is to sharpen skills for reviewers by examining case studies and discussing issues where additional information from the client may be warranted and areas of tax law where proper treatment requires additional analysis and information. Multiple issues will be discussed including passthrough K-1s, home office issues, hobby losses, rental property, hiring spouses, depreciation, 179 issues, amortization and more! This course follows a highly illustrative case study format to increase participant comprehension and retention.

Date/Time

Friday, July 9, 2021
Registration Time: 12:00pm
12:00pm – 4:00pm

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Course Type

On-line Live Vendors

CPE Credit

4.00 hours CPE credit

Field of Study

Taxation

Level of Knowledge

Intermediate

Designed For

CPAs working with clients requiring up-to-date expertise in individual income taxation for the current tax season

Vendor

AICPA

Prerequisites

Basic knowledge of individual income taxation

Advanced Preparation

None

Highlights

Common errors made involving the following tax forms:  Form 1040  Schedule A  Schedule B  Schedule C  Schedule D  Schedule E  Form 4562  Form 4797

Objectives

When you complete this course you will be able to:  Identify common mistakes made on individual tax returns.  Determine strategies to avoid making mistakes on individual tax returns.

Location

N/A (This is a webcast)
Member Fee $179.00
Non-Member Fee $219.00
Your Price $219.00

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