Surgent's Efficient and Effective Form 1040 Review: The Next Step for Valuable Staff (ERTW)

Description

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.

Date/Time

Friday, February 1, 2019
Registration Time: 8:00am
8:00am – 4:00pm

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Course Type

On-line Live Vendors

CPE Credit

8.00 hours CPE credit

Field of Study

Taxation

Level of Knowledge

Intermediate

Designed For

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

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Experience in preparing Form 1040, reviewing diagnostics, and preparing workpapers

Advanced Preparation

None

Highlights

  • 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
  • The importance of engagement letters, questionnaires, and §7216 permission statement
  • 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
  • Multiple checklists of efficient procedures to identify potential issues on a 1040 return
  • Listing of schedules for staff to prepare to make a review easier, including basis issues for 1040 clients

Objectives

  • 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

Location

N/A (This is a webcast)
Member Fee $239.00
Non-Member Fee $239.00
Your Price $239.00
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