Workpapers support the creation of a tax return. This documentation not only impacts the preparer, but is required by the IRS to complete a proper audit of the return. However, nothing in federal tax law prescribes a specific format for tax return working papers. Updated for the Tax Cuts and Jobs Act (TCJA), this self-study course will help you appropriately and adequately prepare, organize and understand workpapers. The Internal Revenue Code requires every taxpayer to keep records and statements necessary for the proper administration of the tax laws
DESIGNED FOR
CPAs, particularly new tax staff
BENEFITS
When you complete this course you will be able to:
• Learn to interpret document tax return information and correctly organize workpapers
• Know which workpapers are appropriate for specific tax situations
• Understand how to prepare an Accrual to Cash Conversion Workpaper
• Execute efficient and meaningful research within tax online services
HIGHLIGHTS
Source of data for tax adjustments from books
-Authority documentation
-Case studies – good and bad workpapers
PREREQUISITES
none