Working Paper Documentation (2 hours - late morning) - NEW! - Webcast

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Cancelled - Oct 17, 2022

Registration: 10:00 AM / Program: 10:30 AM - 12:30 PM Pacific Time

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

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.

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. This CPE course will help you appropriately and adequately prepare, organize and understand workpapers.

OSCPA has partnered with the Washington Society of CPAs for this event.

Designed For

CPAs, particularly new tax staff

Objectives

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 type of tax items.
  • Recall how to document tax adjustments with reference to the proper authority.

Major Subjects

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

Did you know? The OSCPA member rate for CPE courses is extended to all OSCPA members and their employees who are not eligible for OSCPA membership. Members of other state CPA societies are also eligible for member rates.

After adding the course(s) to your cart, click "Apply Discounts" and select either "This person is an uncertified staff of an OSCPA member" or "This person is a member of another state CPA society."

If you would like to register for this event, please contact OSCPA at 800-255-1470, 503-641-7200, or email profdev@orcpa.org.


Leaders

Charles Borek

Charles Borek is Executive Vice President for Tax Services and a principal with the accounting and consulting firm of Cohen, Rutherford & Knight, PC. He is also Of Counsel to the Law Offices of O'Connor & Borek, LLC, the firm which he co-founded in 2000. His practice focuses on tax and financial consulting to individuals, businesses, and nonprofit organizations.

Charles has also taught a variety of courses at the University of Baltimore, School of Law and was named Visiting Assistant Professor of Law in 2003. While on the faculty he founded and was director of the University of Baltimore Tax Clinic, which provides free legal assistance to low income taxpayers involved in disputes with the IRS.

He is a frequent lecturer for the American Bar Association, Maryland Institute for CPE of Lawyers and the American Health Lawyers Association. His 2003 book Contract Drafting and Review for the Maryland Lawyer was cited as authoritative guidance by the Court of Special Appeals of Maryland. Charles is a member of the bars of the U.S. Supreme Court, the U.S. Court of Appeals for the Fourth Circuit, the U.S. District Court for the District of Maryland, the U.S. Court of Federal Claims, the U.S. Tax Court, and the Court of Appeals of Maryland. He currently serves as a commissioner on the Howard County (Maryland) Pension Commission.

(7/27/22)