Strategies to help return reviewers quickly identify common errors that practitioners make on individual tax returns. 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 Four 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 - Hiring of spouses - Depreciation, including bonus depreciation - Section 179 issues - Organization and start-up costs In-course application Learners get access to four 2024 individual returns and try their hand at reviewing them for: - Errors - Areas for improvement - Opportunities to educate or advise the client Part of Tax Staff Essentials Level 3 This self-study online course is part of Tax Staff Essentials Level 3, a comprehensive learning program that provides senior- and supervisor-level tax professionals with the technical training required to take a leadership role on their teams. This course can be purchased individually or as part of the Tax Staff Essentials Level 3 bundle. Who Will Benefit - CPA firm partners and managers tasked with reviewing individual tax returns - CPA firm staff tasked with preparing individual tax returns - CPA sole proprietors specializing in individual taxation Key Topics - Qualified business income deduction - Hobby losses - Self-employment health insurance - Business start-up costs - Depreciation - Schedule C issues - Like-kind exchanges - Clean vehicle credit Learning Outcomes - Determine the proper tax treatment for certain rental property activities. - Distinguish between hobbies and businesses. - Identify the warning signs that a client might have unreported income. - Determine proper tax return reporting of a like-kind exchange transaction.