Tax return review checklist for preparers: what the second reviewer checks, and why

The short answer A second review is a list, not a re-read. Work it in this order: is every person on the return identified correctly; does every income line tie to a document the firm holds; is every form the return triggers actually attached; were this year's limits applied; do the payments and the refund add up; is every audit signal documented; does the state return agree with the federal. The list below is the published version of the rules our software checks automatically, so a reviewer can spend the time on judgment.

1. Identity and data quality

Most e-file rejects are here, and they are the cheapest errors to catch.

CheckAuthority
Taxpayer, spouse and every dependent have a valid SSN, ITIN or ATIN; no two people share one and none equals the filer's.MeF business rules R0000-504 family
Names have no characters the e-file schema rejects; dates of birth are plausible and before any date of death.MeF schema
Head of household has a qualifying person; qualifying surviving spouse has a qualifying child.IRC section 2(b), section 2(a)
A dependent over 18 is a student, and over 24 is disabled, or is not a qualifying child.IRC section 152(c)(3)
Direct deposit routing number passes the ABA check; account type is set; no bank details on a balance-due return.Form 1040 instructions, lines 35a to 35d
Schedule C has an EIN in the right format, an activity code and an accounting method.Schedule C instructions

2. Income ties to the documents

Every W-2 and 1099 the firm holds is also held by the IRS. A return that reports less than the documents gets a CP2000.

CheckAuthority
1040 line 1a equals the sum of W-2 box 1; line 25a equals the sum of box 2; state withholding equals box 17.Form 1040 instructions
Line 2b equals the sum of 1099-INT box 1; line 3b equals 1099-DIV box 1a; qualified dividends do not exceed ordinary.Form 1040 instructions
1099-R amounts are routed: IRA distributions to line 4a, pensions to 5a; taxable amounts never exceed gross.Form 1040 instructions
Taxable Social Security is at most 85 percent of gross benefits.IRC section 86
1099-NEC and 1099-K totals do not exceed Schedule C gross receipts; 1099-G unemployment reaches Schedule 1.IRC section 6041A; Schedule C instructions
1098 mortgage interest matches Schedule A line 8a on an itemizing return.IRC section 163(h)
K-1 totals reconcile to Schedule E Part II; a K-1 loss has an outside-basis figure on file.IRC section 704(d), section 1366(d)
Income documents all carry the package's tax year.Return-level check

3. Required forms are attached

A missing form is a rejected or an incomplete return, not a wrong number.

CheckAuthority
1095-A on file means Form 8962 is attached. Without it the return rejects under F8962-070.IRC section 36B; Form 8962 instructions
EITC, CTC, AOTC or head of household claimed means Form 8867 is attached.IRC section 6695(g)
Depreciation or section 179 claimed means Form 4562; noncash gifts over $500 mean Form 8283.Form 4562 and Form 8283 instructions
Nondeductible IRA basis, a Roth conversion, or a distribution with basis means Form 8606.IRC section 408(o)
HSA distributions or W-2 box 12 code W mean Form 8889; early distributions coded on a 1099-R mean Form 5329.IRC section 223; section 72(t)
Interest or dividends over $1,500 mean Schedule B; a 1099-B means Schedule D and Form 8949.Schedule B and Schedule D instructions
Schedule C net profit means Schedule SE; a noncustodial parent claiming a child means Form 8332.IRC section 1401; section 152(e)
Foreign accounts over $10,000 in aggregate mean an FBAR; specified foreign assets above the threshold mean Form 8938.31 CFR 1010.350; IRC section 6038D
Marketplace coverage plus self-employed health insurance needs the employer-plan and premium questions answered before the deduction is allowed.IRC section 162(l)(2)(B); Rev. Proc. 2014-41

4. Math and limits

The arithmetic is done by software. The review confirms the limits were applied to the right year.

CheckAuthority
AGI equals total income minus adjustments; taxable income equals AGI minus the deduction minus QBI.Form 1040 lines 9 to 15
Standard deduction matches the filing status and year; SALT is capped at the year's section 164(b)(6) amount.IRC section 63(c); section 164(b)(6)
SE tax equals 15.3 percent of 92.35 percent of SE income up to the wage base; half is deducted on Schedule 1.IRC section 1401; section 164(f)
Capital loss deduction is limited to $3,000 ($1,500 MFS); section 179 does not exceed the year's cap or business income.IRC section 1211(b); section 179(b)
IRA, HSA, 401(k) and SEP contributions are inside the year's limits.IRC section 219(b); section 223(b); section 402(g); section 415(c)
Medical floor is 7.5 percent of AGI; cash charitable gifts are limited to 60 percent, appreciated property to 30 percent.IRC section 213(a); section 170(b)
QBI deduction is at most 20 percent of QBI, on Form 8995-A when income is above the threshold.IRC section 199A
Passive losses are limited to passive income; partner and shareholder losses are limited to basis.IRC section 469; section 704(d); section 1366(d)
Nonrefundable credits do not exceed tax; AOTC is at most $2,500 per student and the lifetime learning credit $2,000 per return.IRC section 26; section 25A
Underpayment safe harbor: 100 percent of last year's tax, 110 percent if AGI was above $150,000.IRC section 6654(d)

5. Payments and the refund

The client remembers the refund. Get it right.

CheckAuthority
Estimated payments on the workpaper sum to line 26, and a Q4 payment is present when Q1 to Q3 are.Form 1040 instructions
Refund equals payments minus tax; Form 8888 splits sum to the refund and the routing numbers agree.Form 8888 instructions
A balance due matches Form 1040-V; a refund with no bank details is a paper check the client agreed to.Form 1040-V instructions
Excess Social Security withheld across employers reaches Schedule 3 line 11.IRC section 6413(c)

6. Audit signals

None of these is wrong on its own. Each one deserves documentation in the file before the return goes out.

CheckAuthority
Schedule C with a profit margin under 5 percent, repeated losses, or every expense in round hundreds.IRC section 183; Treas. Reg. 1.183-2
Home office over half the home, a vehicle at 100 percent business use, or meals out of proportion to revenue.IRC section 280A; section 274(d)
Rental loss with high W-2 wages, or rental income with no depreciation anywhere.IRC section 469(i); section 167
An S corporation or C corporation with substantial receipts and zero officer compensation.Rev. Rul. 74-44; IRC section 162(a)(1)
Charitable gifts large relative to income; EITC exactly at the maximum; a refund larger than the tax.IRC section 170; section 32
Every overridden line carries a written reason and an authority.Preparer due diligence; Circular 230 section 10.22

7. State and sign-off

The federal return is half the file.

CheckAuthority
State filing status matches federal; state AGI equals federal AGI plus or minus the state's declared adjustments.State instructions
State withholding on the W-2s belongs to a state with a return in the package; PTET payments match the credit claimed.State instructions
The return type matches the entity type for the year; a mid-year S election has two short-period business returns.Form 2553 instructions
The client is told they are responsible for the accuracy of the return, and the preparer signs with a PTIN.IRC section 6695(b), (c); Publication 5310 checklist

How to use it

Print it or keep it open, and initial each section on the return's cover sheet. The IRS's volunteer quality review process (Publication 5310) requires the reviewer to address every item on the checklist, not the ones that seem relevant; the discipline is the same in a paid practice. The checks in sections 1 to 5 and 7 are mechanical and should be done by software before a person opens the file. Section 6 is where the reviewer earns the fee.

In LucaLedger these rules run on every recompute. The diagnostics panel lists what is open by severity, each finding names the form and line, the authority, and the fix, and the package cannot be locked while an error-severity finding is open. Overridden lines are highlighted so the reviewer sees every place a human changed the engine's number.

Frequently asked questions

What should a tax return review checklist include?

Seven things, in this order: identity and data quality, income tied to every document the firm holds, required forms attached, math and year-specific limits, payments and the refund, audit signals documented, and the state return plus sign-off. The IRS's own quality review checklist for volunteer sites, in Publication 5310, covers the same ground in a shorter form.

Does the IRS publish a review checklist for preparers?

Publication 5310 is the VITA/TCE quality review job aid; its checklist (identity verified, filing status correct, dependents correct, every income item verified, adjustments, deductions, credits, Premium Tax Credit considered for everyone on the return, withholding and estimates correct, direct deposit numbers correct) is the closest thing to an official preparer checklist. Publication 4687 covers the due diligence rules for refundable credits.

Who should do the second review?

Someone other than the preparer, certified at or above the complexity of the return. In a firm of one, the review is a separate sitting the next day, against a list, not a re-read.

How does software help with a review?

By running the mechanical checks before a person looks: does every document tie to a line, is every required form attached, is every limit the right year's. LucaLedger's diagnostics engine runs roughly 380 checks in twelve rule packs on every recompute and lists what is open; the reviewer spends the time on judgment, which is section 6 above.

Sources

Dollar limits are indexed each year; check the year's figures before relying on any amount above. This is general information for preparers, not tax advice.