Reviewing Individual Tax Returns

Prerequisites

Basic knowledge of individual income taxation

Designed For

CPAs working with clients requiring up-to-date expertise in individual income taxation for the current tax season

Objectives

• Determine the proper tax treatment for certain rental property activities.
• Distinguish between hobbies and businesses.
• Determine the proper tax treatment for various startup costs by a new business.
• Identify the warning signs that a client might have unreported income.