A thorough analysis of the tax returns to identify any errors or omissions that may result in compliance issues or audit triggers. This review process may involve examining the supporting documents to ensure that they are complete and accurate.
Identifying any red flags or potential audit triggers that may raise concerns with the IRS or other tax authorities. This can include identifying unusual or questionable transactions, discrepancies in the reported income or expenses, or other issues that may raise suspicion.
Review notes created to track the review progress and document any issues that are identified. This spreadsheet may include a checklist of required documents, such as W-2s, 1099s, and other tax forms, as well as notes on any issues or concerns that are identified during the review.