23SS-0167: Surgent's Form 1040 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)
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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
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Review an error-prone "staff-prepared" Form 1040 from client-provided information. Where 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 the main credit provisions as enacted under the American Rescue Plan
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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 Section7216 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
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$159.00
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Standard Member Fee |
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 Standard Nonmember Fee |
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