This comprehensive, integrated curriculum provides tax training for four different experience levels – New Staff (Level 1), Experienced Staff (Level 2); Tax Senior/Supervisor (Level 3); and Tax Manager/ Director (Level 4).
This course is part of Tax Staff Training, Level 1 – New Staff which will cover key areas to ensure your young tax force is well prepared to begin their careers and establish a strong set of core skills necessary for junior staff growth.
Workpapers support the creation of a tax return. Firms must provide proper data for their work, through accurate documentation of the position taken on a return and by providing authoritative support for it. This documentation not only impacts the preparer, but is required by the IRS to complete a proper audit of the return.
Source of data for book/tax adjustments
Case studies - good and bad workpapers
When you complete this course you will be able to:
Learn to interpret document tax return information and correctly organize workpapers.
Know which workpapers are appropriate for IRS Information Requests.
Understand how to prepare an Accrual to Cash Conversion workpaper.
Learn about Book/Tax Differences and Schedules M-1 and M-3.