Working Paper Documentation — Tax Staff Essentials

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.

Learning Objectives

Learning Objective: 

When you complete this course you will be able to:

  • 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

Topics Discussed

Topics Discussed: 
  • Source of data for tax adjustments from books
  • Authority documentation
  • Case studies – good and bad workpapers

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COURSE CODE

TSE.WPD

FIELD OF STUDY

Taxation

CPE CREDIT HOURS

2

KNOWLEDGE LEVEL

Basic

INTENDED AUDIENCE

CPAs, particularly new tax staff

PREREQUISITE

None

ADVANCED PREPARATION

None

DELIVERY METHOD

Self-Study On-Demand

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aicpalearning@aicpa.org

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