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Overview

8.0 Credits
ONLINE

Most review techniques developed by professionals are self-taught and fine-tuned via experience. Yet how does one start? Review additional and advanced procedures via a multitude of checklists to more thoroughly review various tax returns. Its emphasis is not on planning; rather, it is on developing 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.

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

Major Topics

  • Review an error-prone "staff-prepared" Form 1040 from client-provided information. Where do you start? Get to know your client and ask the questions
  • 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 ยง7216 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 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

Prerequisite

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

Sessions

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Wednesday, December 17, 2025

General Sessions
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