Catch errors on individual returns The sheer volume of individual tax returns requiring preparation can create a work environment that invariably leads to errors or omissions. A trained eye can spot mistakes. A case-based approach to learning return review Two case studies focus on issues that individual return preparers and reviewers will frequently encounter in their practice:
Section 199A (qualified business income deduction)
Home office deduction
Rental properties
Hobby losses
Organization and start-up costs In-course application Learners get access to two 2025 individual returns to review for:
Errors
Areas for improvement
Opportunities to educate or advise the client Developed with H.R. 1, commonly referred to as OBBBA, in mind, these returns are designed to provoke planning ideas for the modern client.
Learning Objectives
Determine the proper tax treatment for certain rental property activities.
Distinguish between hobbies and businesses.
Determine the proper tax treatment for various startup costs by a new business.
Identify the warning signs that a client might have unreported income.
Major Topics
Passive-activity losses
Qualified business income deduction
Home office
Schedule C activity and hobby losses
Business startups and deductions
Alimony
Discharge of debt
H.R. 1, commonly referred to as OBBBA
CPE Credits Available
2 CPE Credits
2
Taxes
Things to Know About This Course
Course Level
Intermediate
Professional Area of Focus
Tax / Taxation
Prerequisites
Basic knowledge of individual income taxation
Advanced Preparation
None
Intended Audience
CPAs working with clients requiring up-to-date expertise in individual income taxation for the current tax season
