Effective & Efficient Senior Level Review of Individual Returns [ERTW Anc]
Time: 8-4
Subject:
TaxationCredit Hours:
8.00Price:
Member: $295.00
Non-member: $445.00
Discussion Leader:
Susan Smith, CPA
more info
Susan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master’s taxation program. Her ratings have consistently exceeded 4.8 on a scale of 5.0. Smith is a four-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. And in 2015, 2016, and 2018, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.
closeWebsite registration for this course closes on September 21, 2015. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
Effective and Efficient Senior-Level Review of Individual Tax ReturnsSeptember 22, 2015
AKCPA Office
Anchorage, AK
LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course.
Most review techniques developed by professionals are self-taught. 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 review a return effectively and thoroughly.
Major Topics:
Review a 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
Learning 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
Designed For: Senior staff new to the review process or experienced partners/managers looking to update and/or expand their review procedures
CPE Credits: 8, Tax
Level of Knowledge: Intermediate
Prerequisite: Experience in preparing Form 1040, reviewing diagnostics, and preparing workpapers
Acronym: ERTW
Discussion Leader: Susan Smith, CPA
