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 CPE course will help you appropriately and adequately prepare, organize and understand workpapers.
▪ Source of data for tax adjustments from books
▪ Authority documentation
▪ Case studies – good and bad workpapers
CPAs, particularly new tax staff.