Reviewing Individual Tax Returns: What Are You Missing?

Strategies to help return reviewers quickly identify common errors that practitioners make on individual tax returns.

Objectives

• 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.

Highlights

Qualified business income deduction Hobby losses Self-employment health insurance Business start-up costs Depreciation Schedule C issues Like-kind exchanges Clean vehicle credit

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

Credits

Category	Amount
Tax	4.00