Live Stream: Reviewing Individual Tax Returns - What Are You Missing?
318 | Livestream | Intermediate | Scheduled
Description
The sheer mass of Internal Revenue Code provisions affecting individual taxpayers presents a considerable challenge for CPAs and tax professionals. The review stage of preparing a return serves as a critical backstop to prevent errors in clients' returns.
This case-study-based course addresses common mistakes practitioners make when preparing individual tax returns that are often missed by review staff. Learners will review four sample returns and identify both errors and areas of opportunity. They'll also discover issues that may warrant additional client information and areas of tax law that require deeper analysis.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 4.00 | Taxes |
| 3.33 | CLE |
Designed For
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
Prerequisites
Experience with tax return preparation
Highlights
- Qualified business income deduction
- Hobby losses
- Self-employment health insurance
- Business start-up costs
- Depreciation
- Schedule C issues
- Like-kind exchanges
- Charitable contributions of property
Objectives
When you complete this course, you will be able to:
- 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
Prices
- Member (Early Bird)
- $189.00
- Non-Member (Early Bird)
- $249.00
- Member
- $189.00
- Non-Member
- $249.00
Instructors
Suzanne Youngberg
Suzanne Youngberg joined the faculty at Northern Illinois University as a full-time member in 2000 and is currently teaching in the accounting graduate and undergraduate programs as well as serving as the accountancy internship director. Suzanne served as the academic advisor for the NIU Master of Science in Taxation Program from 2005 - 2022 as well as serving multiple times on the accountancy curriculum committee. Suzanne is currently a tax content developer for UWorld CPA Review. Prior to NIU, she worked for five years in the tax department of a medium-sized public accounting firm. She also taught for seven years at North Central College in Naperville, Illinois. Suzanne received her Bachelor of Science in Accountancy from NIU and her Master of Science in Taxation from DePaul University. Suzanne maintained her own tax practice for 30 years, specializing in individual and small business compliance and strategic tax planning. She has served as treasurer for a local nonprofit organization and delivered speeches to various commerce organizations. Suzanne has been featured as a guest on several Chicago television stations discussing the child tax credit and the dependent care credit.
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