Objective




- 

- 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
- 

- 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



 

Designed For
Senior-level staff new to the review process or experienced staff members looking to update and/or expand their review proceduresPrerequisite
Experience in preparing Form 1040, reviewing diagnostics, and preparing workpapersAdvanced Preparation
None