Reviewing Individual Tax Returns: What Are You Missing? Webcast [CLITR]
Time: 06:00am-9:30am
Subject:
TaxationCredit Hours:
4.00Price:
Member: $185.00
Non-member: $255.00
Discussion Leader:
Sali L. Sheafor, CPA
more info
Sali is an accomplished accounting professional with over twenty-five years of experience. Alongside her extensive accounting background, she has spent the last eight years as a leading Continuing Professional Education (CPE) course instructor. Sali's expertise and client-centric approach have allowed her to work with individuals and organizations nationwide, holding licenses in Wisconsin, Minnesota, and Florida. Graduating from the University of Wisconsin system, Sali worked in several public accounting firms prior to establishing her own public accounting firm, TAP Consulting, LLC. Through her firm, she has built a strong reputation for delivering exceptional accounting services while creating a relaxed and enjoyable atmosphere for her clients with her humor.
Sali's infectious laughter and genuine love for learning make her a sought-after speaker. She combines entertainment and education in her sessions on the ever-changing accounting and tax regulations, captivating audiences and simplifying complex information. She co-founded the Onalaska chapter of Toastmasters, enhancing public speaking and leadership skills. Sali's dedication to community involvement is evident through her service on multiple boards. With her dynamic blend of accounting expertise, humor, and passion for continuous learning, Sali is a captivating speaker who leaves audiences enlightened and entertained.
closeWebsite registration for this course closes on December 6, 2026. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
Reviewing Individual Tax Returns: What Are You Missing? Webcast (CLITR)December 7th, 2026 / 6:00 am 9:30 am Alaska Time
Live Webcast / Idaho Society of CPAs Virtual Classroom
The sheer volume of IRC 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; these mistakes are often missed by review staff. Participants 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.
Major Topics:
-Qualified business income deduction
-Hobby losses
-Self-employment health insurance
-Business start-up costs
-Depreciation
-Schedule C issues
-Like-kind exchanges
-New deductions and provisions added by H.R. 1, commonly referred to as OBBBA, including the deduction for tipped income
Learning 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.
Designed For: CPA firm partners and managers tasked with reviewing individual tax returns, CPA firm staff tasked with preparing individual tax returns and CPA sole proprietors specializing in individual taxation.
CPE Credits: 4, Taxation
Level of Knowledge: Intermediate
Prerequisite: Experience with individual tax return preparation
Acronym: CLITR
Discussion Leader: Sali L. Sheafor, CPA
