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 mistakes practitioners make when preparing individual tax returns that are often missed by review staff. Multiple issues will be discussed including: pass-through K-1s, home office deduction, hobby losses, rental property, hiring spouses, depreciation, Section 179 deduction, amortization and more! This course follows a highly illustrative case study format to increase participant comprehension and retention.
Common errors made involving the following tax forms: Form 1040, Schedule A, Schedule B, Schedule C, Schedule D, Schedule E, Form 4562, and Form 4797.
Basic knowledge of individual income taxation.
CPAs working with clients requiring up-to-date expertise in individual income taxation for the current tax season.
Identify common mistakes made on individual tax returns. Determine strategies to avoid making mistakes on individual tax returns.
- David Peters
Non-Member Price $119.00
Member Price $99.00