24SS-0183: Surgent's Form 1040 Return Review Boot Camp for New and Experienced Reviewers (Self-Study)
Valid for one year from purchase date
Self-study - On-Demand
8 CPE (8 technical) | 8 IRS CE
If the organization paying
for the purchase is exempt from sales tax, call us at 952-831-2707 to complete your purchase.
Add to cart
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 thoroughly review various 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
-
Review an error-prone "staff-prepared" Form 1040 from client-provided information.Were do you start? Get to know your client and ask the questions
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Several new reporting issues for the reviewer to consider, including new and enhanced clean energy credits under the Inflation Reduction Act (IRA)
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What are common errors preparers make and what are the areas generating malpractice claims?
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The importance of engagement letters, questionnaires, and Section 7216 permission statement
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Initial administrative groundwork
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Identifying organizing issues in the tax return to be reviewed
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Avoiding "willful blindness"; handling ethical and moral dilemmas
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Efficient review of certain advanced issues for income, adjustments, deductions, and credits
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Effective procedures for delinquent clients, filing past-due tax returns
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First-time client issues requiring extra scrutiny
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Multiple checklists of efficient procedures to identify potential issues on a 1040 return
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Listing of schedules for staff to prepare to make a review easier, including basis issues for 1040 clients
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Reconciling time pressure with thoroughness and quality control
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Professionals acting professionally
Learning objective(s)
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Expand the process involved in reviewing applicable tax returns
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Identify the most common areas that result in errors
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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
Our records indicate
you are a
nonmember.
If you register, you will be charged
$199.00
(Standard Nonmember Fee).
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Standard Member Fee |
$199.00
|
Standard Nonmember Fee |
$199.00
|
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (8.0)
Level
Intermediate
Format
Self-study - On-Demand
Sponsor
NASBA ID#: 103212
Prerequisites
Prereq.
Experience in preparing Form 1040, reviewing diagnostics and preparing workpapers
Advance
prep
None
If the organization paying
for the purchase is exempt from sales tax, call us at 952-831-2707 to complete your purchase.
Add to cart
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