Getting started: prior returns, taxpayer data and IRS letters
SEE 1 Chapter 1 · IRS outline 1A1, 1A2, 1A12
Every good return starts before a single number is typed. Nadia, an enrolled agent who runs Lantern Street Tax, teaches Theo, her first-season preparer, how to read last year's return, check who the taxpayer really is, and make sense of the letters the IRS already sent. Get this part right and the rest of the return falls into place. Get it wrong and you are fixing rejected e-files in April.
In this chapter
- The SEE, the law it tests and the updated timeline
- Using prior-year returns
- Taxpayer personal information and identity
- Reading the IRS correspondence the client already has
- Gathering the source documents and keeping records
This chapter has 5 lessons and 59 practice MCQs with explanations, plus flashcards and a recall sheet.
What this chapter covers
- Using prior-year returns and carryovers
- personal data, IP PIN and identity checks
- reading prior IRS correspondence
- transcripts and authorizations