Working Paper Documentation - Tax Staff Essentials

Overview

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Get your working papers in order

Learn how to appropriately prepare, organize, and understand working papers.

Understand how working papers support the creation of a tax return, and that the documentation affects the preparer and is required by the IRS to complete a proper audit of the return.

Be prepared to develop working papers and organize your product.
This course provides CPE credit in the Taxation field of study.

Highlights

Key Topics

• Source of data for tax adjustments from books
• Authority documentation
• Case studies - good and bad working papers

Prerequisites

None

Designed For

Who Will Benefit

• CPAs, particularly new tax staff

Objectives

Learning Outcomes

• Recall how to organize working papers correctly.
• Identify which working papers are appropriate for specific tax situations.
• Recognize how to document tax return information.
• Recognize the differences between the cash and accrual methods in financial statements.
• Identify the types of businesses that can use the cash method of accounting for tax purposes.
• Identify which working paper documents should be turned over to the IRS, if requested.