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Friday, December 2, 2022 Live Webcast

Form 1040 Return Review Boot Camp for New and Experienced Reviewers (E2212461)

9:00 AM - 4:30 PM EST

Registration: 8:30 AM EST

webcast

Vendor Platform

8.0 CPE Credits in TX

OVERVIEW

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.

This course features a live instructor and has been specifically designed for the NJCPA.

DESIGNED FOR

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

BENEFITS

  • 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

HIGHLIGHTS

  • Reviewing a staff-prepared Form 1040 from client-provided information
  • Several new reporting issues for the reviewer to consider, including the main credit provisions as enacted under the American Rescue Plan
  • 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”. Handling ethical and moral dilemmas
  • Efficient review of certain advanced issues for income, adjustments, deductions and credits
  • Effective procedures for filing past-due tax returns for delinquent clients
  • 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

COURSE LEVEL

Intermediate

PREREQUISITES

Experience in preparing Forms 1040, reviewing diagnostics, and preparing work papers.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • Qualifies for IRS credit

PRICING

$289.00 - Member

$439.00 - Nonmember

Register Today


Note: Online pre-registration will close on December 2 at 8:30 AM.

ADDITIONAL OPTIONS

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Print a registration form

COURSE DEVELOPER

Surgent

AREAS OF INTEREST