NEBRASKA SOCIETY OF
Certified Public Accountants
SERVING NEBRASKA AND ITS CPAS SINCE 1928
Efficient and Effective Form 1040 Review: The Next Step For Valuable Staff

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Online Registration Form

Date: December 19, 2018
Location: Quarry Oaks Golf Club
16600 Quarry Oaks Dr
Ashland, NE 68003
Course Time: 8:30 AM to 4:30 PM
Registration Begins: 8:00 AM
Summary
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. 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
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
Who Should Attend
Senior-level staff new to the review process or experienced staff members looking to update and/or expand their review procedures

Course Level Intermediate
Prerequisites Experience in preparing Form 1040, reviewing diagnostics, and preparing workpapers
Course IDERTW
Discussion LeaderJohn Sherrick, Surgent
CPE Credit8 Hours
Additional Information: Parking and lunch are provided on-site.
Fee: $255 - Society Member
$285 - Society Nonmember
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LINCOLN, NE 68508
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