- 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
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.
Prerequisites:
Experience in preparing Form 1040, reviewing diagnostics, and preparing workpapers
Advanced Preparation:
None
PRICING DETAILS
Register early to take advantage
of the best price! Please note, discounted pricing is already reflected in the
online price. No promo code is needed.
Through November 3: $285 MICPA Members
/ $435 Non-Members
November 4 - November 17: $305 MICPA Members / $455
Non-Members
November 18 - December 1: $325 MICPA Members / $475
Non-Members
- Timely coverage of breaking tax legislation
- 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
- 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
- Reconciling time pressure with thoroughness and quality control
- Professionals acting professionally
- Taxes
- Dennis Riley
Member
Non-Member