Online-Live
Form 1040 Return Review Boot Camp for New and Experienced Reviewers
Friday, December 1, 2023 | 9:00 am - 4:30 pm
Course # 148468 | by Surgent CPE
Members SAVE $0
$0.00
Member
$0.00
Non-Member
Add To Cart
Speakers: Dennis Riley
Time: 9:00 am - 4:30 pm
Total Credits: 8.0
Earn Up To: 8.0 OT credits
Level: Intermediate
Vendor: Surgent CPE

What you will learn

  • 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

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 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
Senior-level staff new to the review process or experienced staff members looking to update and/or expand their review procedures
  • Taxes
  • Dennis Riley
MICPA delivers the highest quality education experience. If you are not satisfied with your course, call us at 1.855.594.4273. We will make it right.