Description
Learn to prepare and organize working papers.
Designed For
- CPAs, particularly new tax staff
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.
Highlights
- Source of data for tax adjustments from books
- Authority documentation
- Case studies - good and bad working papers