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
CPE Credits Available
2 CPE Credits
2
Taxes
Things to Know About This Course
Course Level
Intermediate
Professional Area of Focus
Tax;Taxation
Prerequisites
Experience with individual tax return preparation
Advanced Preparation
None
Intended Audience
CPAs working with clients requiring up-to-date expertise in individual income taxation for the current tax season
