{"id":106886,"date":"2023-01-25t11:55:46","date_gmt":"2023-01-25t16:55:46","guid":{"rendered":"\/\/www.g005e.com\/?p=106886"},"modified":"2024-08-07t23:09:53","modified_gmt":"2024-08-08t03:09:53","slug":"tax-follow-up-worksheets-can-mean-more-revenue","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/01\/25\/tax-follow-up-worksheets-can-mean-more-revenue\/","title":{"rendered":"tax follow-up worksheets can mean more revenue"},"content":{"rendered":"

\"\"<\/a>samples included here.<\/strong><\/p>\n

by ed mendlowitz<\/i>
\nhow to review tax returns: the field-tested update<\/i><\/a><\/p>\n

there are two types of work papers that are generated by the reviewer. one is the reviewer\u2019s notes-based errors found and corrections that need to be made. this should be kept in any manner the reviewer wants, but after the return is completed this should be discarded and not kept in the files. this is done to mitigate liability issues should the workpapers be subject to a subpoena.<\/p>\n

more: <\/b>tax: the procedural checklists your firm needs<\/a> | don\u2019t use eyes, use brain<\/a> | three types of tax return reviews<\/a> | tax review procedures are your quality control<\/a> | how to turn tax returns into new business<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

the other is a tax season follow-up form based on issues disclosed by the preparer, reviewer or partner. the follow-up worksheet is a client service and practice development tool. it provides a uniform method of recording items that need follow-up.
\n
\nmany reviewers get too caught up with tax season to think about anything else and particularly additional services for clients. the tax return and underlying data is a treasure trove of additional services clients might need. establishing a method of capturing this information that could be followed up after tax season creates the dual opportunity to assist a client and provide added revenues to the firm.<\/p>\n

once this worksheet becomes part of the review routine it will not take more than a couple of minutes to record any observations. i suggest making this worksheet mandatory and having the reviewer use it on every client \u2013 even if it is just to indicate that there are no opportunities to further assist the client.<\/p>\n

following are the two worksheets. one is a sample reviewer\u2019s review notes and the second the tax season follow-up form.<\/p>\n

reviewer\u2019s review notes<\/h3>\n

client________________________ year____<\/p>\n

preparer________________________ reviewer________________________ date _________<\/p>\n

 <\/p>\n

date discussed with preparer___________, how discussed: __in person, __over phone, __by email<\/p>\n

additional date discussed ___________, how discussed: __in person, __over phone, __by email<\/p>\n

additional date discussed ___________, how discussed: __in person, __over phone, __by email<\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
error or issue<\/td>\ncorrective action taken<\/td>\ncorrected by<\/td>\nre-reviewed and corrected or additional comment<\/td>\nreviewer<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

additional comment(s) by reviewer<\/p>\n

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________<\/p>\n

 <\/p>\n

tax season follow-up form<\/h3>\n

based on issues disclosed by preparer, reviewer or partner<\/p>\n

 <\/p>\n

client________________________ year____ date prepared_________ by_____________<\/p>\n

 <\/p>\n

date followed up___________ comments__________________________________________<\/p>\n

date followed up___________ comments__________________________________________<\/p>\n

date followed up___________ comments__________________________________________<\/p>\n

 <\/p>\n

issue(s) discussed<\/p>\n

_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________<\/p>\n

follow-up action<\/p>\n

__________________________________________________________________________________________________________________________________________________________________________<\/p>\n

client\u2019s comments to follow-up discussion<\/p>\n

__________________________________________________________________________________________________________________________________________________________________________<\/p>\n

final resolution:<\/p>\n

additional services performed ____________________________________________________________<\/p>\n

future follow-up date ______________________<\/p>\n

client expressed no interest in corrective or preventative actions __________________________<\/p>\n

comments _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________<\/p>\n