Sharpening your review skills
Preparing returns is one thing, but reviewing them is another entirely. In this case-study-based course, you'll learn how to: Review a prepared Form 1040 and associated schedules Identify errors and missed opportunities
Case-study-based learning
You'll examine two case studies consisting of individual tax returns and find issues that may warrant additional information from the client. You'll also delve into areas of the return that require analysis of tax law and case law.
The course covers: Section 199A The qualified business income deduction Self-employed health insurance The home office deduction Rental properties Hobby losses Depreciation Discharge of debt Alimony paid
Engage with the material through the highly illustrative case study format.
Learning Objectives
- 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.
- Determine the proper tax treatment for various start-up costs by a new business.
Major Topics
- Passive-activity losses
- Qualified business income deduction
- Home office
- Schedule C activity and hobby losses
- Business start-ups and deductions
- Alimony
- Discharge of debt
