2014 Annual Compliance Kit
Note: The resources listed on this page are for the 2014 tax year. For the most current version, go to our Annual Compliance Kit home page.
The comprehensive package includes:
2014 Client Engagement Letters - the contract between the client and accountant that defines scope of work (e.g., returns to be prepared) and the responsibilities and obligations of each of the respective parties; many include fee estimates or quotes and other language regarding ability to use and/or disclose tax information
2014 Tax Organizers - a client facing package to assist in the collection and submission of information necessary to prepare a tax return, can be individual or business
2014 Tax Checklists - used to addresses the issues, areas, or topics related to a specific tax form, used by preparers and reviews to ensure compliance with IRS reporting and documentation rules, and assist practitioners with identifying any missed reporting issues, planning opportunities and potential exam or audit risks on a tax return
2014 Practice Guides - a comprehensive publication on a specific topic or process that includes relevant guidance, recent developments and trends, best practices, and recommendations for workflow and documentation
Available in both Word and PDF format - Word versions can be downloaded and modified to your firms’ specific desires and specifications. PDF versions cannot be modified, but are fillable and can be saved as an electronic file – great for firms that are paperless as it can be saved directly to clients’ electronic files!
Terms and Notice for Readers
The Annual Compliance Kit resources are designed as educational and reference material for the members of the Tax Section and others interested in the subject. 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.