Tax Law
This Federal Court has a judge who is a tax law specialist
What is US Tax Court?
Irs.gov; Thompson Reuters Checkpoint; What’s My Research ID-
What are things that can be accessed from the research menu on Tax Source?
This is the DMS function used to look at a document without making changes to the document -
What is “view”
Client chargeable hours over available hours -
What is utilization?
Drop by unannounced, do not prepare, linger or hover, remain present when someone indicates they have other pressing business -
What are examples of things you should not do when accessing client, manager or senior time?
Tax authorities, Title 26 of the US Code -
What is the Internal Revenue Code.
This code section restricts the deduction for meals and entertainment -
What is Section 274?
This is the symbol visible next to a document in DMS that someone else currently has checked out -
What is a lock?
A measure of a projects profitability
What is engagement margin?
A succinct description of who you are and what you do -
What is an elevator pitch?
Tax treatment of meals and entertainment
EITHER What is 50% non-deductible? [tax law through 12/31/17] OR What is 50% deductible and 100% non-deductible? [tax law starting 1/1/2018]
Type of regulations that carry the weight of law
What are “legislative regulations”?
This is the DMS folder used to house documents like signed tax returns or finalized research memos given to the client -
What is the deliverables folder?
The tool used during the planning stages of an engagement which projects costs, hours and fees for a specific project or engagement and is used to set the IPR (initial planned rate).
What is the Tax Pricing Tool?
Brian and Kayo -
Who were our virtual hosts for FTL training?
Fastest method of tax depreciation -
What is MACRS?
Know the code This code section provides that all income is taxable from whatever source derived -
What is Section 61?
Select yes - contains Regulated Private Information or HIPPA data -
What should be done in DMS if client data contains Social security numbers, or otherwise regulated information?
The tool used to monitor and control engagements against budgets and targets
What is FlexForecast?
The firm’s purpose -
What is To build trust in society and solve important problems?
Rule that allows certain accrued expenses to be deducted if paid within 8.5 months of year end -
What is recurring item exception?
Type of regulations that carry the weight of law -
What are “legislative regulations”?
DMS functionality allows you to see who was the last person to edit a document within PWC, or to see that it was provided by a client -
EITHER What is view versions in DMS? OR What is the history detail under properties?
This is an extension of the engagement team that provides services through service delivery centers (SDC) -
What is Tax Global Delivery Model (GDM)?
12 throughout this week -
How many keys to unlocking your future at PWC have you earned?