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Working Paper Documentation (On-Demand) 2020v2

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 CPE course will help you appropriately and adequately prepare, organize and understand workpapers.

Format: Video

Learning Objectives
  • 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.
Major Topics

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

Provider
AICPA - Durham
Course Level
Basic
CPE Field of Study
Tax
2.5
Who Should Attend

CPAs, particularly new tax staff.

Instructor(s)
Chuck Borek
Prerequisites

None.

Advanced Preparation

None.

Purchase Now
When
Available 24/7
Location
Online
Total CPE Credits
2.5
Format
On-Demand

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Working Paper Documentation (On-Demand) 2020v2


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