Working Paper Documentation WEBCAST

Tuesday, December 28 11:00am - 1:00pm PST

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2.0 Credits

Member Price $99.00

Non-Member Price $119.00

Overview

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.

Highlights

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

Prerequisites

None.

Designed For

CPAs, particularly new tax staff.

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.

Preparation

None.

Notice

None.

Leader(s):

Leaders

William Harden

Bill is an Associate Professor in the Bryan School of Business and Economics at UNC Greensboro where he teaches tax courses on flow-through entities, individual and corporate tax, tax research, IRS practices and international tax. Prior to teaching, Bill was a Senior Tax Accountant with an international CPA firm as well as a tax accountant for an international oilfield services company.
In addition to his university teaching, Bill consults on tax and financial planning issues. He has testified before the House Ways and Means Oversight Sub-Committee on internet taxation issues. He was the recipient of a Lybrand Certificate of Merit in 2002.

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Non-Member Price $119.00

Member Price $99.00