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Reviewing Individual Tax Returns: What Are You Missing?

Wednesday, November 2 8:00am - 11:30am

(Check-In 7:30am)

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Hilton Garden Inn

3720 N Reserve St
Missoula, MT 59808

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4.00 Credits

Member Price $138.00

Price will increase by $25 after 10/12

Non-Member Price $163.00

Price will increase by $25 after 10/12

Overview

All materials will be electronic only

The sheer mass of Internal Revenue Code provisions affecting individual taxpayers presents a considerable challenge for CPAs and tax professionals. These provisions combined with the potential for input error when utilizing the array of income tax software available, create the potential for a multitude of errors that can occur when preparing your client's tax return.

Join us as we discuss the common errors practitioners make on individual tax returns that are often missed by review staff. Sharpen your reviewing skills by examining case studies discussing issues for which additional information from the client may be warranted, and areas of tax law that require additional analysis and information.

Highlights

Common errors made involving the following tax topics:

  • Section 199A qualified business income deduction
  • Timeshare properties
  • Home office ·
  • Hobby losses ·
  • Self-employment health insurance ·
  • Business start-up costs
  • Depreciation
  • Unreported income
  • Schedule C issues ·
  • Like-kind exchanges ·
  • Self-employment tax
  • Sections 1202 and 1244 stock
  • Charitable contributions of property

Prerequisites

Basic knowledge of individual income taxation.

Designed For

CPAs working with clients requiring expertise in individual income taxation for the current tax season.

Objectives

When you complete this course you will be able to:

  • Identify common mistakes made on individual tax returns.
  • Determine strategies to avoid making mistakes on individual tax returns.

Preparation

None

Leader(s):

Leader Bios

Gregory Carnes

Gregory Carnes Florence, AL Dr. Gregory Carnes serves as Dean of the College of Business at the University of North Alabama. He came to UNA in 2007 as the Raburn Eminent Scholar of Accounting. He previously served as President of the Accounting Program Leadership Group, President-Elect of the Federation of Schools of Accountancy, and Secretary of the American Taxation Association. Dr. Carnes has also served as chair of the Department of Accountancy at Northern Illinois University and Dean of the College of Business at Lipscomb University. Dr. Carnes has published approximately 30 articles in journals such as The Journal of Economic Psychology, Journal of the American Taxation Association, Advances in Taxation, The Journal of International Accounting, Auditing, and Taxation, The Tax Adviser, Taxation for Accountants, Taxation for Lawyers, and The CPA Journal. He is a contributing author on South-Western Federal Taxation: Individual Income Taxes, a popular textbook used in undergraduate taxation courses. He also authors material for Wiley/CPA Excel, one of the nation’s leading CPA Review courses. He has also provided tax training for national accounting firms and the AICPA. He is a member of the AICPA, the American Accounting Association, the Alabama Society of CPAs, and the American Taxation Association.

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Non-Member Price $163.00

Member Price $138.00