Reviewing Individual Tax Returns
The constant barrage of tax law legislation is producing planning opportunities, and pitfalls, for tax return preparers. This webcast will provide insight to commonly occurring tax return errors on individual tax returns.
Format
Webcast
Date
Dec 06, 2021
NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
2
Author(s)
David Randall Peters
Availability
3 months
Product Number
VCL2RIR21110
Common mistakes make when preparing individual tax returns and often missed by review staff.
The volume of Internal Revenue Code provisions affecting individual taxpayers can be challenging for CPAs and tax professionals. This combined with the potential for input error when using the array of income tax software available creates possibility for a multitude of errors on final tax return forms.
Sharpen your skills as a reviewer
This webcast will examine case studies and discuss scenarios where additional information from clients may be needed and areas of tax law where proper treatment requires additional analysis and information. Discussions will also cover issues like passthrough K-1s, home office deduction, hobby losses, rental property, hiring spouses, depreciation, 179 deduction, amortization and much more. This webcast follows a highly illustrative case study format to increase your comprehension and retention.
Key Topics
Common errors made involving the following tax forms:
- Form 1040
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Form 4562
- Form 4797
Learning Outcomes
- Identify common mistakes made on individual tax returns
- Determine strategies to avoid making mistakes on individual tax returns
Who Will Benefit
- CPAs working with clients in individual income taxation for the current tax season
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