Surgent's Form 1040 Return Review Boot Camp for New and Experienced Reviewers (Webinar)
Monday, February 3, 2020
8.0 IRS CE approved
Taxes - Technical (8.0)
, MS, CPA
Standard member fee
Standard nonmember fee
to receive member fee.
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 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.
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
Review an error-prone "staff-prepared" Form 1040 from client-provided information
What are common errors preparers make and what are the areas generating malpractice claims?
Initial administrative groundwork
Identifying organizing issues in the tax return to be reviewed
Avoiding "willful blindness"
Efficient review of certain advanced issues for income, adjustments, deductions, and credits
Effective procedures for delinquent clients, filing past-due tax returns
First-time client issues requiring extra scrutiny
Problem clients: unsubstantiated deductions?
Multiple checklists of efficient procedures to identify potential issues on a 1040 return
The importance of engagement letters, questionnaires, and Section 7216 permission statements
Listing of schedules for staff to prepare to make a review easier, including basis issues for 1040 clients
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
NASBA ID#: 103212
Group Internet Based
Experience in preparing Form 1040, reviewing diagnostics, and preparing workpapers