Tax professionals provide tax advisory services to their tax clients and offer strategies (pre-tax filing advisory) for reducing their client’s tax burden. In Unit 4, your team will offer tax strategies for reducing Timpanogos, Inc.’s tax burden. This part of your tax practice assignment involves a review of your client’s financial information and tax situations before preparing tax returns (pre-tax filing advisory). Review the client’s business and financial information from Comprehensive Tax Return Problem 64 in Chapter 5 of your textbook.
Proper documentation is a critical part of the tax professional’s work. In two pages, explain the type of documentation and details of transactions that are needed to support each of the expenses that Timpanogos, Inc incurred.
*****all you need to do is one page and all you have to detail is the type of documentation that are needed to support each of the expenses that timpanogos inc incurred*****
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