Workflow Templates: Tax Audit Documentation Checklist

Obtain and verify the accuracy of the client's legal name and address.

Collect the client's tax identification number or employer identification number.

Review the prior year's tax return and note any changes in the client's situation.

Gather all documents that report income, including W-2s, 1099s, and other income statements.

Summarize and classify income by type and source for proper tax treatment.

Verify the accuracy of the income reported and reconcile with bank deposits and accounting records.

Compile receipts and records for potential deductions, such as mortgage interest, property taxes, and charitable contributions.

Review eligibility for tax credits and gather necessary supporting documentation.

Ensure that deductions and credits are properly calculated and substantiated by documentary evidence.

Collect records of business expenses, including invoices, receipts, and checks.

Reconcile business expenses with accounting records and categorize them correctly.

Review and document asset purchases, disposals, and depreciation schedules.

Document estimated tax payments made during the year, including dates and amounts.

Check for compliance with other tax filings, such as payroll tax returns and sales tax returns.

Review notices or correspondence from tax authorities and ensure all issues have been addressed.

Obtain copies of any tax planning strategies implemented during the year.

Gather any documentation related to foreign income, foreign bank accounts, or foreign assets if applicable.

Review and organize any other miscellaneous supporting documentation that may be needed.

Tax Audit Documentation Checklist