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Wednesday, December 14, 2022 Live Webcast

Reviewing Individual Tax Returns: What Are You Missing? (E2212352)

8:45 AM - 12:15 PM EST

Registration: 8:30 AM EST

webcast

Vendor Platform

4 CPE Credits in TX

OVERVIEW

Navigate individual income tax law Sharpen your reviewing skills by examining case studies discussing issues for which additional information from the client may be warranted, and areas of tax law that require additional analysis and information. The webcast covers: - Section 199A - The qualified business income deduction - The home office deduction - Rental properties - Hobby losses - Depreciation - Section 179 issues - Organization and start-up costs Engage with the material through the highly illustrative case study format.

This course features a live instructor and has been specifically designed for the NJCPA.

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

  • Section 199A qualified business income deduction
  • Timeshare properties
  • Home office
  • Hobby losses
  • Self-employment health insurance
  • Business start-up costs
  • Depreciation
  • Unreported income
  • Schedule C issues
  • Like-kind exchanges
  • Self-employment tax
  • Sections 1202 and 1244 stock
  • Charitable contributions of property
  • HIGHLIGHTS

    • Identify potential errors or omissions of information on tax returns.
    • Recognize planning opportunities for your clients based upon information reported on a tax return.
    • Determine the proper tax treatment for certain rental property activities.
    • Identify Section 199A qualified business income deduction opportunities and the safe harbor for rental properties.
    • Apply Section 199A regulations to specified service trade or business activities.
    • Apply IRC regulations to losses on timeshare and vacation properties.
    • Analyze the effect a home office deduction has on depreciation recapture.
    • Determine the proper tax treatment for various start-up costs by a new business.
    • Recognize the possibility that clients may not be disclosing all of their reportable income.
    • Determine proper tax return reporting of a like-kind exchange transaction.

    COURSE LEVEL

    Intermediate

    PREREQUISITES

    Basic knowledge of, or experience with, individual taxation

    ADVANCE PREPARATION

    None

    INSTRUCTOR

    Cecil Nazareth

    Cecil Nazareth, CPA, CA, MBA

    Principal

    Cecil K. Nazareth, ACA, CPA, MBA IFRS Partners / New York, New York Cecil Nazareth is a partner with IFRS Partners, a small firm in New York City which specializes in IFRS Education, training, consulting and conversion. Clients include CPA firms and some SMEs mainly subsidiaries of foreign parents. Cecil is an Indian Chartered Accountant and a US CPA and understands the differences between IFRS and US GAAP having practiced in both arenas. He spoke at the Diamond Jubilee of Indian Chartered Accountants of India (ICAI) on the role of a Global accountant and IFRS. He also shared the stage with an SEC representative and lead Big 4 partner advising the Chinese Govt. on IFRS at a recent Asian American conference. He has conducted several IFRS training sessions including sessions for the ICAI and the Bombay stock exchange. Cecil was the Director of AICPA’s Internal Audit and Strategy. In that key role he worked on the AICPA overall strategic goals and organizational development. He worked closely with the CEO and developed and implemented an Executive Performance Measurement system and Balanced Score Card. Cecil pioneered the ISO 9001:2000 Quality program at the AICPA and led it to becoming the first professional organization certified in the United States. Previously Cecil worked with AICPA’s SEC Practice Section reviewing Technical issues peer reviews of several large CPA firms performing SEC related work. Before joining the AICPA, Cecil was an Audit supervisor at Ernst and Young specializing in the Financial service industry. His international experience includes the practice in the Middle East and India. He has an MBA in finance from Fordham University and Information Technology from Columbia University in NYC. 9-2009 LH

    PRICING

    $189.00 - Member

    $264.00 - Nonmember

    Pre-Registration Closed

    Online pre-registration for this event is now closed.

    ADDITIONAL OPTIONS

    Print a registration form

    COURSE DEVELOPER

    AICPA/NJCPA