Surgent's Form 1040 Return Review Boot Camp for New and Experienced Reviewers (ERTW)

Course Details

Date

Friday, November 15, 2019

3:00am – 11:00am

Field of Study

Taxation

Course Number

SU0470

CPE Credit

8.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

Surgent McCoy CPE, LLC

Prerequisites

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

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.

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?
  • 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 §7216 permission statements
  • 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

Designed For

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

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$239.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$339.00
Your Price $339.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

View All Webcasts