Working Paper Documentation
Learn to efficiently understand, prepare and organize workpapers.
NASBA Field of Study
J. William Harden
Workpapers are necessary to support the entries on the books and in the tax return
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 webcast will help you understand, prepare and organize workpapers.
- Accountants, finance professionals, CPAs, new tax staff
- Source of data for tax adjustments from books
- Authority documentation
- Case studies — good and bad workpapers
- 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
Group ordering for your team
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