Annual Tax Compliance Kit

Annual Tax Compliance Kit


Annual Compliance KitOur 2016 Annual Compliance Kit is a comprehensive package of resources to help practitioners comply with tax laws and effectively serve their clients. We have checklists, organizers, and engagement letters for individuals, partnerships, corporations, estates, trusts, gifts, and exempt organizations. Additionally, we offer valuable practice guides that cover nexus, unique state and local tax considerations, and the business use of vehicles.

These resources are available exclusively to AICPA Tax Section members.

Join the Tax Section today.




Purpose:
An engagement letter is the contract between a client and a professional that defines the scope of work (e.g., returns to be prepared) and the responsibilities and obligations of each of the respective parties; many tax return engagement letters include fee estimates and language regarding the ability to use and/or disclose tax information.

The below sample client templates are necessarily broad; each engagement requires careful consideration in order to address its particular circumstances. We've provided Word files so that you can customize your letters to account for these specifics.

These sample engagement letters have been developed and provided by CNA, the endorsed underwriter of the AICPA Professional Liability Insurance Program. CNA has redacted some paragraphs that are related to special-use cases. CNA policyholders can access these paragraphs in addition to a sample terms and conditions document, but we encourage you to review your letters for completeness and accuracy by your firm's professional liability insurance carrier and legal counsel.

Note: If you would like to obtain an updated version of our prior engagement letter format, please contact TaxSection@aicpa.org.


 Name  IRS Form Download
Audit Representation Engagement Letter All
 MS Document
Word 
C Corporation Engagement Letter Form 1120
Estate and Inheritance Engagement Letter

 Form 706 and 8971

MS Document
Word
Estate and Trust Engagement Letter  Form 1041
MS Document
Gift Tax Engagement Letter  Form 709
MS Document
Word

Individual Income Engagement Letter Form 1040
MS Document
Word
Nonprofit Engagement Letter Form 990
MS Document
Word
Partnership Engagement Letter Form 1065
MS Document
Word
Private Foundation Engagement Letter Form 990PF
MS Document
Word

Report of Foreign Bank and Financial Accounts (FBAR) Engagement Letter FinCEN Report 114 
MS Document
Word

S Corporation Engagement Letter Form 1120S
MS Document
Word
Tax Consulting Engagement Letter All 
MS Document
Word

Tax Projections Engagement Letter

 All

MS Document
Word

Terms and Notice for Readers

Access to the Annual Compliance Kit is intended as an individual benefit of Tax Section membership. The Annual Compliance Kit is created by and copyrighted to the American Institute of Certified Public Accountants (AICPA), which reserves all rights. Except in the context of performing client services, reproduction, redistribution, republication, or resale of this product by the member granted access is prohibited. Should AICPA omit or decline to enforce any aspect of these Terms of Use at any given time or instance, such non-enforcement does not constitute and should not be construed as a waiver of AICPA’s rights as to any other or future instance. For more information about the terms of use for Annual Compliance Kit, or to request permission for a use which exceeds these limitations, please contact Licensing, Rights & Information Services at copyright@aicpa.org.

The Annual Compliance Kit resources are designed as educational and reference material for the members of the Tax Section. They do not establish standards or preferred practices. Although much thought and effort have gone into the development of these guides, they are subject to change. These practice guides are issued as drafts only, and you retain responsibility for their final content. Please review them carefully and make any changes necessary for your specific use.



Purpose:
A tax organizer is a client-facing document meant to assist in the collection and submission of client information necessary to prepare a tax return.

The below templates are provided in fillable PDF. If you need a Word version, please contact TaxSection@aicpa.org.


 Name

 IRS Form

Download

Corporation Tax Return Organizer  Form 1120, 1120S
Estate Tax Return Organizer Form 706
Estate and Trust Tax Return Organizer Form 1041
Exempt Organization Tax Return Organizer  Form 990

Coming soon

Gift Tax Return Organizer   Form 709
Individual Income Tax Return Organizer Form 1040


PDF

Partnership Tax Return Organizer Form 1065
Employee Benefit Plan Organizer Form 5500
 Coming soon

Terms and Notice for Readers

Access to the Annual Compliance Kit is intended as an individual benefit of Tax Section membership. The Annual Compliance Kit is created by and copyrighted to the American Institute of Certified Public Accountants (AICPA), which reserves all rights. Except in the context of performing client services, reproduction, redistribution, republication, or resale of this product by the member granted access is prohibited. Should AICPA omit or decline to enforce any aspect of these Terms of Use at any given time or instance, such non-enforcement does not constitute and should not be construed as a waiver of AICPA’s rights as to any other or future instance. For more information about the terms of use for Annual Compliance Kit, or to request permission for a use which exceeds these limitations, please contact Licensing, Rights & Information Services at copyright@aicpa.org.

The Annual Compliance Kit resources are designed as educational and reference material for the members of the Tax Section. They do not establish standards or preferred practices. Although much thought and effort have gone into the development of these guides, they are subject to change. These practice guides are issued as drafts only, and you retain responsibility for their final content. Please review them carefully and make any changes necessary for your specific use.



Purpose: These checklists are used to address issues related to a specific tax form, and are used by tax preparers and reviewers to ensure compliance with reporting and documentation, as well as to identify planning opportunities and potential exam or audit risks on a tax return.

The below checklists are provided in fillable PDF. If you need a Word version, please contact TaxSection@aicpa.org.



 Name  IRS Form Download
C Corporation Income Tax Return Checklist (Long)  Form 1120
Coming soon
C Corporation Income Tax Return Checklist (Mini) Form 1120 Coming soon
C Corporation Income Tax Return Checklist (Short) Form 1120
Coming soon
Employee Benefit Plan Checklist  Form 5500
Coming soon
Estate and Trust Income Tax Return Checklist (Long) Form 1041
Estate and Trust Income Tax Return Checklist (Mini) Form 1041
PDF
Estate and Trust Income Tax Return Checklist (Short) Form 1041
PDF
Individual Income Tax Return Checklist (Long)  Form 1040
 Coming soon
Individual Income Tax Return Checklist (Mini) Form 1040
 Coming soon
Individual Income Tax Return Checklist (Short)  Form 1040 Coming soon
Nexus Checklist  All Coming soon
Partnership Income Tax Return Checklist (Long)  Form 1065
Coming soon 
Partnership Income Tax Return Checklist (Mini) Form 1065
 Coming soon
Partnership Income Tax Return Checklist (Short) Form 1065 Coming soon
Return of Private Foundation Checklist Form 990PF  Coming soon
Exempt Organization Income Tax Checklist Form 990
Coming soon 
Exempt Organization Business Income Tax Checklist Form 990T 

Coming soon

Organization Exempt from Income Tax Checklist   Form 990EZ
Coming soon 
S Corporation Income Tax Return Checklist (Long)  Form 1120S Coming soon
S Corporation Income Tax Return Checklist (Mini)  Form 1120S
Coming soon
S Corporation Income Tax Return Checklist (Short) Form 1120S
 Coming soon
U.S. Estate (and GST) Tax Return Checklist Form 706 
Coming soon
U.S. Gift Tax Return Checklist Form 709

Terms and Notice for Readers

Access to the Annual Compliance Kit is intended as an individual benefit of Tax Section membership. The Annual Compliance Kit is created by and copyrighted to the American Institute of Certified Public Accountants (AICPA), which reserves all rights. Except in the context of performing client services, reproduction, redistribution, republication, or resale of this product by the member granted access is prohibited. Should AICPA omit or decline to enforce any aspect of these Terms of Use at any given time or instance, such non-enforcement does not constitute and should not be construed as a waiver of AICPA’s rights as to any other or future instance. For more information about the terms of use for Annual Compliance Kit, or to request permission for a use which exceeds these limitations, please contact Licensing, Rights & Information Services at copyright@aicpa.org.

The Annual Compliance Kit resources are designed as educational and reference material for the members of the Tax Section. They do not establish standards or preferred practices. Although much thought and effort have gone into the development of these guides, they are subject to change. These practice guides are issued as drafts only, and you retain responsibility for their final content. Please review them carefully and make any changes necessary for your specific use.



Purpose:
Our practice guides are comprehensive publications on a specific topic or process that includes relevant guidance, recent developments and trends, best practices, and recommendations for workflow and documentation.



 Name Download
Nexus Guide: State Income and Franchise Tax Nexus Issues
Coming soon
Unique State Income Tax Return Considerations - Businesses
Coming soon
Unique State Income Tax Return Considerations - Individuals
Coming soon
Vehicle-Related Guide: Tax Considerations for the Business Use of Vehicles
Coming soon

Terms and Notice for Readers

Access to the Annual Compliance Kit is intended as an individual benefit of Tax Section membership. The Annual Compliance Kit is created by and copyrighted to the American Institute of Certified Public Accountants (AICPA), which reserves all rights. Except in the context of performing client services, reproduction, redistribution, republication, or resale of this product by the member granted access is prohibited. Should AICPA omit or decline to enforce any aspect of these Terms of Use at any given time or instance, such non-enforcement does not constitute and should not be construed as a waiver of AICPA’s rights as to any other or future instance. For more information about the terms of use for Annual Compliance Kit, or to request permission for a use which exceeds these limitations, please contact Licensing, Rights & Information Services at copyright@aicpa.org.

The Annual Compliance Kit resources are designed as educational and reference material for the members of the Tax Section. They do not establish standards or preferred practices. Although much thought and effort have gone into the development of these guides, they are subject to change. These practice guides are issued as drafts only, and you retain responsibility for their final content. Please review them carefully and make any changes necessary for your specific use.

Copyright © 2006-2016 American Institute of CPAs.