Working Paper Documentation

Description

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. The accounting records of a taxpayer must include the regular books of account, as well as any working papers that may be necessary to support the entries on the books of account and in the tax 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 CPE course will help you appropriately and adequately prepare, organize and understand workpapers.

Learning Objectives

*Recall how to interpret and document tax return information and correctly organize working papers *Identify which working papers are appropriate for specific tax situations *Recall how to prepare an Accrual to Cash Conversion Workpaper *Identify the crucial elements that should be contained in tax working papers * Recognize how to construct appropriate working papers for various types of tax items *Recall how to document tax adjustments with reference to the proper authority

Major Topics

*Source of data for tax adjustments from books *Authority documentation *Case studies – good and bad workpapers

Provider
AICPA
Course Level
Basic
Professional Area of Focus
Tax
CPE Field of Study
Taxes
2
Who Should Attend

CPAs, particularly new tax staff

Prerequisites

None

Advanced Preparation

None

Location
Online
Event Information
When
Dec 28, 2021
2:00 pm - 4:00 pm EDT
Location
Online
Total CPE Credits
2
Format
Webcast Replay

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$99.00

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$119.00
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Working Paper Documentation


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