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Reviewing Individual Tax Returns: What Are You Missing?
Tax
Webcast

Reviewing Individual Tax Returns: What Are You Missing?

The sheer volume of individual tax returns requiring preparation can create an environment that leads to errors or omissions. Learn to identify common errors practitioners make on individual tax returns.

$197 - $241
Do you have an AICPA membership? Log in to apply your member discount.

Format

Webcast

NASBA Field of Study

Taxes

Level

Intermediate

CPE Credits

4

Author(s)

David Randall Peters

Availability

Product Number

VCL4ITRM22110

 View  
 Business & partner 
Product Details

Navigate individual income tax law

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.

The course covers:

  • Section 199A
  • The qualified business income deduction
  • The home office deduction
  • Rental properties
  • Hobby losses
  • Hiring of spouses
  • Depreciation
  • Section 179 issues
  • Organization and start-up costs

Engage with the material through the highly illustrative case study format.

Key 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

Learning Outcomes

  • 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.
  • Identify Section 199A qualified business income deduction opportunities and the safe harbor for rental properties.
  • Apply Section 199A regulations to specified service trade or business activities.
  • Apply IRC regulations to losses on timeshare 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.
  • Recognize the possibility that clients may not be disclosing all of their reportable income.
  • Determine proper tax return reporting of a like-kind exchange transaction.

Who Will Benefit

  • CPA firm partners and managers tasked with reviewing individual tax returns
  • CPA firm staff tasked with preparing individual tax returns
  • CPA sole proprietors specializing in individual taxation
Credit Info
CPE Credits
4
NASBA Field of Study
Taxes
Level
Intermediate
Prerequisites
Basic knowledge of, or experience with, individual taxation
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
4h
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$241.00
AICPA Members
$197.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Speakers
David Randall Peters
CPA, CGMA, MST, MBA
David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fifteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Kaplan, and Surgent, and was a recipient of Surgent’s Outstanding Discussion Leader award for 2019. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He is the advisor for Business & Industry topics for the SC Association of CPA’s and was a recipient of The American College’s 2019 NextGen Financial Services Professional Award. He holds four Masters degrees, including a Masters of Science in Taxation from the University of Illinois. He contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018, 2019, and 2020 versions of the Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

Ratings and reviews

Cancellation Policy
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Reviewing Individual Tax Returns: What Are You Missing?
Select from the following options:
Dec 28, 2022
2pm6pm GMT
Jan 31, 2023
5pm9pm GMT
Nonmember Price
$241.00
Price excluding sales tax
$241.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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