Reviewing Individual Tax Returns: What Are You Missing

Authored by Wendy Kravit, CPA, MBA
About this Course
Join us for this informative CPE course designed to sharpen the reviewer's 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 course covers multiple issues, including pass-through K-1s, the home office, hobby losses, rental property, hiring of spouses, depreciation, Section 179 issues, amortization and more! This course follows a highly illustrative case study format to increase participant comprehension and retention
Learning Objectives
  • 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
  • Apply IRC regulations to losses on time share 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
  • Identify allowable depreciation options for automobile expenses
  • Recognize the possibility that clients may not being disclosing all of their reportable income
  • Determine proper tax return reporting of a like-kind exchange transaction
  • Identify potential employee vs. independent contractor misclassification on client tax returns
  • Analyze the effect like-kind exchanges have on future depreciation expense deductions
Key Topics
â–ª Time Share Properties â–ª Home Office â–ª Hobby Losses â–ª Margin Interest â–ª Self Employed Health Insurance â–ª Business Start-Up Costs â–ª Depreciation â–ª Unreported Income â–ª Shared Responsibility Payments â–ª Schedule C â–ª Like-Kind Exchanges â–ª Self-Employment Tax â–ª Section 1202 Stock â–ª Charitable Contributions of Property
Who will it benefit?
CPAs working with clients requiring up-to-date expertise in individual income taxation for the current tax season
$ 99.00
AICPA Member Price: $ 79.00
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NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
4.5
Prerequisites
None
Delivery Method
QAS Self-Study
Advance Preparation
None
Last Updated
11/06/2018
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