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Reviewing Individual Tax Returns: What are You Missing?

ID: 57667
Wednesday December 20, 2023 8:30AM - 12:00PM
Topics: Tax
Save 18% until 11/22/2023

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. 

Learning Objectives:

- Identify common mistakes made on individual tax returns.

- Determine strategies to avoid making mistakes on individual tax returns. 

Major 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

This virtual seminar is being offered through our partnership with Midwest State CPA Societies. You will launch from your MyOSCPA learning center day of and be prompted to enter in name and state society at time of entering.