Fixing Common Errors in a Tax Practice

Even experienced tax professionals can make mistakes but knowing how to identify and correct them is essential to ethical, compliant practice. This fast-paced, practical session covers some of the most frequent missteps in everyday tax work, including errors in representation, transcript interpretation, missed deadlines, incorrect filing positions and breakdowns in client communication or documentation. Attendees will learn how to assess risk, implement corrective actions and respond appropriately to both clients and the IRS.

Objectives

Upon completion of this session, you will be able to:

• Identify common errors in tax preparation, client representation and communication
• Correct or amend returns and documents effectively
• Apply best practices for documenting client engagements and avoiding misunderstandings
• Respond appropriately to IRS notices, audits or penalties arising from previous mistakes
• Implement preventative strategies to reduce recurring errors in tax workflows

CPE