October 26, 2023

Webinar

4 CPE

Webinar (AICPA): Reviewing Individual Tax Returns: What Are You Missing?

October 26, 2023
Webinar
4 CPE

Webinar (AICPA): Reviewing Individual Tax Returns: What Are You Missing?

  • View Bio

    Instructor

    David
    Peters

    View Bio

    David Peters

    Bio

    David Peters, CPA, CFP, CLU, CPCU, MST, MBA, is the founder and owner of Peters Tax Preparation & Consulting in Richmond, Va., as well as a financial advisor for Peters Financial, LLC. He has over 15 years of experience in financial services, including three years in the hedge fund industry and six years in the insurance industry. He regularly teaches courses in accounting, finance, insurance, financial planning and ethics throughout the United States.

Navigate individual income tax law 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. The webcast covers: - Section 199A - The qualified business income deduction - The home office deduction - Rental properties - Hobby losses - Depreciation - Section 179 issues - Organization and start-up costs Engage with the material through the highly illustrative case study format.

Learning Objectives

· Identify potential errors or omissions of information on tax returns. · Recognize planning opportunities for your clients based upon information reported on a tax return. · Determine the proper tax treatment for certain rental property activities. · Identify Section 199A qualified business income deduction opportunities and the safe harbor for rental properties. · Apply Section 199A regulations to specified service trade or business activities. · Apply IRC regulations to losses on timeshare and vacation properties. · Analyze the effect a home office deduction has on depreciation recapture. · Determine the proper tax treatment for various start-up costs by a new business. · Recognize the possibility that clients may not be disclosing all of their reportable income. · Determine proper tax return reporting of a like-kind exchange transaction.

Major 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

CPE Credits Available

4 CPE
4
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

Basic knowledge of, or experience with, individual taxation

Advanced Preparation

This webinar is produced by AICPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

· 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

Provider

AICPA - Durham

This event has ended.