In this course, Doug Stives will review the most common mistakes made on tax returns and how to identify missed opportunities before it’s too late. Some of the common mistakes and missed opportunities on tax returns are deductions, credits, dependents, medical dependents, depreciation, carry forwards, carrybacks, tax deferrals, recaptures, and elections.
This course is perfect for tax professionals who want to stay up-to-date on the latest tax laws and best practices. You can save your clients time and money by avoiding common mistakes and identifying missed opportunities.
Learning objectives for this course are:
- Identify the most common mistakes that are made on tax returns.
- Explain the potential consequences of making these mistakes.
- Explain how to identify and how to claim missed opportunities on tax returns.
- Apply the knowledge gained in this course to improve the accuracy and completeness of tax returns.
This course counts for 1 hour of IRS CE under the category of Federal Tax Law Related Matters.
About Doug Stives:
About Doug Stives: Doug Stives is considered a worldwide leader in public and management accounting by AICPA &CIMA. He is a CPA, MBA, and full-time professor of Accounting at Monmouth University as well as a professional speaker at many organizations and conferences. Doug was honored as Monmouth's Outstanding Business Professor of the Year in 2009 and 2016 and was awarded an Outstanding Educator award in 2021 by the New Jersey Society of CPAs. Frequent media exposure includes The Wall Street Journal and other national publications and television, including CNN, CNBC, PBS, NBC, Fox, CBS, ABC, and several cable networks. Doug was once dubbed as the “Most Tax Efficient Man in America” by the Wall Street Journal.