4.00 CPE Credit Hours
Special Note: This course is also being offered in-person in Sioux Falls. Register for the in-person attendance here.
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.
CPAs working with clients requiring expertise in individual income taxation for the current tax season
When you complete this course you will be able to:
- Identify common mistakes made on individual tax returns.
- Determine strategies to avoid making mistakes on individual tax returns.
Common errors made involving the following tax forms:
- Section 199A qualified business income deduction
- Timeshare properties
- Home office ·
- Hobby losses ·
- Self-employment health insurance ·
- Business start-up costs
- Unreported income
- Schedule C issues ·
- Like-kind exchanges ·
- Self-employment tax
- Sections 1202 and 1244 stock
- Charitable contributions of property
Basic knowledge of individual income taxation
Level of Knowledge