Effective & Efficient Senior-Level Review of Individual Tax Returns
Back

Effective & Efficient Senior-Level Review of Individual Tax Returns (3-635)

REGISTRATION STATUS: CLOSED -- Please contact the VSCPA at cpe@vscpa.com or (800) 733-8272 for availability.
Thursday, December 14, 2017
Materials Selection
I want to download the manual (included in the registration fee)

* SESSION FULL * I want a copy of the printed manual (additional $10 fee)


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 help develop a strategy to properly review a return effectively and thoroughly. This course has been updated for impacts of the Protecting Americans Against Tax Hikes (PATH) Act of 2015.

Note:
Delivery Method - Group Live

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


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
  • 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


Designed for:
Senior staff new to the review process or experienced partners/managers looking to update and/or expand their review procedures

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

Date:Thursday, December 14, 2017
Time:8:00 AM - 3:30 PM (Registration at 7:30 AM) ET
Facility:Richmond CPA Center, Glen Allen
Location:Richmond
CPE Credit:8.00 Taxation
Instructor: John Evanich
Vendor:Surgent McCoy CPE, LLC
Course Level:Intermediate
Best Price:$359.00 VSCPA members, $459.00 nonmembers
Seminar Volume Discount:($25)

Advanced Preparation:

None

Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint and program cancellation policies, please visit vscpa.com/CPEPolicies or call (800) 733-8272.




Back