The sheer mass of Internal Revenue Code provisions affecting individual taxpayers
presents a considerable challenge for CPAs and tax professionals. These
provisions combined with the potential for input error when utilizing the array of
income tax software available, create the potential for a multitude of errors that
can occur when preparing your client’s tax return.
Join us as we discuss the common errors practitioners make on individual tax
returns that are often missed by review staff. 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.
DESIGNED FOR
CPA Firm partners and managers tasked with reviewing individual Tax returns
BENEFITS
- Identify common mistakes made on individual tax returns.
- Determine strategies to avoid making mistakes on individual tax
returns.
HIGHLIGHTS
Common errors made involving the following tax topics:
- 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
COURSE LEVEL
Intermediate
PREREQUISITES
Basic knowledge of, or experience with, individual taxation
ADVANCE PREPARATION
None