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Webinar (WA): 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.
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. This CPE course will help you appropriately and adequately prepare, organize and understand workpapers.

Learning Objectives

When you complete this course you will be able to: 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 type 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
WA - AICPA
Course Level
Basic
CPE Field of Study
Tax
2
Who Should Attend

CPAs, particularly new tax staff

Instructor(s)
Chuck Borek
Prerequisites

NONE

Advanced Preparation

NONE

Location
Webinar
Event Information
When
Oct 17, 2022
11:30 am - 1:30 pm MDT
Location
Webinar
Total CPE Credits
2
Format
Webinar

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$ (% off)
$95.00

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$ (% off)
$135.00
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Webinar (WA): Working Paper Documentation


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