2026 Washington Tax Brief

Description

Catch errors on individual returns

The sheer volume of individual tax returns requiring preparation can create a work environment that invariably leads to errors or omissions. A trained eye can spot mistakes.

A case-based approach to learning return review

Four case studies focus on issues that individual return preparers and reviewers will frequently encounter in their practice:

Section 199A (qualified business income deduction) Home office deduction Rental properties Hobby losses Hiring of spouses Depreciation, including bonus depreciation Section 179 issues Organization and start-up costs

In-course application

Learners get access to four 2024 individual returns and try their hand at reviewing them for:
Errors Areas for improvement Opportunities to educate or advise the client

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

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.

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