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

  • 10/31/2022
  • 8:00 AM - 4:00 PM
  • ERTW-2022-01-WEBNR-304-01


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.

Major Topics:

  • 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
    • 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

    Level: Intermediate

    Instructor: Nicole DeRosa, MAcc, CPA

    CPE Credits: 8

    Area of Study: Taxes (8)

    Visit Us:

    3100 South Columbia Road
    Suite 500
    Grand Forks, ND 58201

    Contact Us: 

     (701) 775-7111
    or (877) 637-2727

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