Workpaper Index
U-01
What is Capital Rollforward?
Form 8825 is used to report this
What is Rental Real Estate Activity?
Term used to describe adding initials to workpapers immediately after completion
What is Sign Off?
PBC
What is Provided By Client?
CA PTE Tax Rate
What is 9.3%?
A-00
What is Income Reconciliation?
Sch L is used to report this
What is the Balance Sheet?
The workpaper format of an email relied on for the tax return
What is PDF?
PIS
What is Placed In Service?
Voucher used to pay CA PTE tax
What is Form 3893?
S-01
What is FTB Confirm?
Sch K, line 5 is used to report this
What is Interest Income?
Original tax return draft is marked this after updated draft is printed
What is Superseded (SS)?
QNR
What is Qualified Non-Recourse?
Minimum PTE tax payment due 6/15/XX to be applied towards first tax year of election
What is $1,000?
I-01
What is Fed Depreciation?
DAILY DOUBLE
Sch IW is used to report this
Outstanding open items are listed on this workpaper and discussed with senior/manager prior to submitting for initial review
What is Query Sheet?
MACRS
What is Modified Accelerated Cost Recovery System?
A 2023 calendar year LLC can choose to pay the 2nd PTE payment by this date in order to report the expense on its 2023 tax return
What is 12/31/2023?
A-03
What is Trial Balance?
Sch K, line 18c is used to report this
What is non-deductible expense?
The "letter analogy" and "two-sided" are terms used to describe this
What is Workpaper Referencing?
UBIA
What is Unadjusted Basis Immediately After Acquisition?
Form used to claim a taxpayer's PTE tax credit
What is CA Form 3804-CR?