Preparing Canadian Personal T1 Returns – Doing a final review and reasonability test of your T1 tax return (Part 5 of 5)

TAX SEASON 2018 PROMOTION ONLY $69 CDN (ALL TAXES INCLUDED) AT CANADIAN TAX ACADEMY.

Take the fully updated Canadian Personal Tax Course for only $69 CDN (including GST/HST). That is a savings of $228 off the regular price. Just click on this link:
http://canadiantaxacademy.teachable...

COMPLETELY UPDATED FOR 2017 T1 TAX RETURNS (THE 2018 TAX PREPARATION SEASON).

Once you have completed entering all the personal income tax data into the T1 general return, the final and very important step is a thorough review and reasonability check of the personal tax return. Often times, many data input mistakes are made when entering information from the box numbers on various T3, T4 & T5 slips.

In this video tutorial, I take you through a stepbystep process on reviewing the tax return to see if it makes sense. In most cases, you should have a pretty consistent tax return from one year to the next. One way to check the T1 tax return is to review the current year’s tax situation, income slips, deduction and tax credits on Schedule 1 with the previous year (or previous 2 years) to make sure nothing has been missed.

If you are a CPA student or accounting/tax student looking for tax preparation experience, this is a vital area to ensure that you are filing an accurate tax return for the client. In my Preparing Personal Returns Start to Finish – Best Practices course, I provide students with a system for checking tax returns to make sure nothing was missed and all the information is on the tax return itself.

The following are the other videos in this YouTube training series on Preparing T1 Personal Tax Returns

Part 1 Inputting Proper Personal Information (Part 1 of 5)
   • Preparing Canadian Personal T1 Return...  

Part 2 Reporting income and inputting Tslips on the T1 tax return
   • Preparing T1 Returns – Reporting inco...  

Part 3 Determining T1 income tax deductions and reporting on the T1 return
   • Preparing T1 Returns – Determining T1...  

You can check out my other YouTube tax videos here along with a detailed outline of the Canadian tax Academy Preparing Personal
Tax Returns – Introductory course.

Course Outline – A detailed breakdown of my Introductory Personal Tax Course
   • Video  

Canadian Personal Tax Returns The 7 Deadly Sins
   • Video  

Common Tax Filing Errors
   • Video  

Starting Your Own Tax Preparation Business
   • Canadian Personal Tax Returns  Start...  

Below is a link to the school, along with links to the online tax courses that are currently available. You can also enroll on the site for general information and to be put on the mailing list for future course releases.

Canadian Tax Academy Home
http://www.canadiantaxacademy.com

Preparing Canadian Income Tax Returns – Introductory course only $69
http://canadiantaxacademy.teachable...

Preparing Tax Returns Start to Finish – Best Practices – only $89
http://canadiantaxacademy.teachable...

Tax Returns for Deceased Taxpayers
http://canadiantaxacademy.teachable...