The sheer mass of Internal Revenue Code provisions affecting individual taxpayers presents a considerable challenge for CPA’s and tax professionals. Combine that with the potential for input error when utilizing the array of income tax software available creates the potential for a multitude of errors that can occur on the final tax return forms. Join us as we discuss the common errors practitioners make on individual tax returns that are often missed by review staff. The intent is to sharpen skills for reviewers by examining case studies and discussing issues where additional information from the client may be warranted and areas of tax law where proper treatment requires additional analysis and information. Multiple issues will be discussed including passthrough K-1s, home office issues, hobby losses, rental property, hiring spouses, depreciation, schedule 179 issues, amortization and more! This course follows a highly illustrative case study format to increase participant comprehension and retention.
Common errors made involving the following tax forms: Form 1040. Schedule A. Schedule B. Schedule C. Schedule D. Schedule E. Form 4562. Form 4797
Basic knowledge of individual income taxation
CPAs working with clients requiring up-to-date expertise in individual income taxation for the current tax season
Identify common mistakes made on individual tax returns. Determine strategies to avoid making mistakes on individual tax returns.
Arthur Auerbach is an independent tax consultant specializing in tax consulting and estate and financial planning for individuals and closely-held businesses located in Atlanta, Georgia. He is a member of the Georgia and Virginia state societies and a past member of the Individual Tax Resource Panel. He has also served as an advisor to the District of Columbia Office of Tax and Revenue and on the Tax Commissioners Advisory Group in Virginia.
Non-Member Price $183.00
Member Price $158.00