Online-Live
Reviewing Individual Tax Returns: What Are You Missing?
Monday, November 18, 2024 | 9:00 am - 12:30 pm
Course # 160088 | by AICPA
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Speakers: Arthur Auerbach
Time: 9:00 am - 12:30 pm
Total Credits: 4.0
Earn Up To: 4.0 OT credits
Level: Intermediate
Vendor: AICPA

What you will learn

When you complete this course, you will be able to:

  • 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.
  • Determine the proper tax treatment for various start-up costs by a new business.
  • Recognize some potential issues surrounding the qualified business income deduction and certain service businesses.
  • Determine proper tax return reporting of a like-kind exchange transaction.

Description

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.

Prerequisites:
Basic knowledge of individual income taxation

Advanced Preparation:
None

PRICING DETAILS
Register early to take advantage of the best price! Please note, discounted pricing is already reflected in the online price. No promo code is needed.
Through October 21: $190 MICPA Members / $265 Non-Members
October 22 - November 4: $200 MICPA Members / $275 Non-Members
November 5 - November 18: $210 MICPA Members / $285 Non-Members

Common errors made involving the following tax topics:

  • Section 199A qualified business income deduction
  • 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

CPAs working with clients requiring expertise in individual income taxation for the current tax season

  • Arthur Auerbach
MICPA delivers the highest quality education experience. If you are not satisfied with your course, call us at 1.855.594.4273. We will make it right.