23SS-0368: Surgent's Forms 1120-S and 1065 Return Review Boot Camp for New and Experienced Reviewers (Self-Study)

Valid for one year from purchase date
Self-study - Downloadable PDF
8 CPE (8 technical)  |  8 IRS CE

Most review techniques developed by professionals are self-taught and fine-tuned via experience. Yet how does one start? The purpose of this course is to give both new and seasoned reviewers additional and advanced procedures via a multitude of checklists to more thoroughly review S corporation and partnership tax returns. Its emphasis is not planning; rather, it is to develop a strategy to properly review a return effectively and thoroughly. The course includes dozens of "practice tips for new reviewers" and is updated for impacts of newly enacted legislation.

Major subjects

• Reviews of portions of error-prone "staff-prepared" Forms 1120-S and 1065 from client-provided information
• Be aware of legislative changes
• How to reduce input errors. (b) to maintain capital accounts; Section704(c) regulations for preventing the shifting of tax consequences among partners or members; allocating recourse, nonrecourse, and qualified nonrecourse debt; a review of Section754 step-up in basis rules
• Discussion of more complex transactions included in corporate structures
• Multiple checklists of efficient procedures to identify potential issues on an 1120-S or 1065 tax return

Learning objective(s)

• Expand the process involved in reviewing applicable tax returns
• Identify the most common areas that result in errors
• Document a review, including consideration of risk management

Who should take this program?

Senior-level staff new to the review process or experienced staff members looking to update and/or expand their review procedures

Fees

Standard Member Fee	$159.00
Standard Nonmember Fee	$159.00