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Library/๐Ÿ’ฐ Tax/Tax Research & Memo Drafting
Intermediate

Employee vs. Contractor Classification Memo

Uses the IRS 20-Factor test to determine worker status for payroll tax purposes.

Draft a memo to HR regarding the classification of {worker_role}. Analyze based on: 1. Behavioral Control, 2. Financial Control, 3. Relationship Type. Conclude whether they should be a W-2 employee or 1099 contractor to minimize {company_name}'s exposure to payroll tax penalties.

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Corporate tax return workplan and data request list

Creates a corporate tax return workplan and a targeted data request list tied to key schedules. Useful for tax seniors coordinating compliance and ensuring completeness.

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Book-to-tax reconciliation (M-1/M-3 style) with JE suggestions

Builds a book-to-tax reconciliation and identifies permanent/temporary differences with documentation notes. Useful for tax provision and return preparation.

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Depreciation book vs tax (MACRS/IFRS) schedule tie-out

Compares book depreciation to tax depreciation, identifies differences, and prepares supporting schedules. Useful for both compliance and provision teams.

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Details

๐Ÿ’ฐ

Category

Tax

Tax Research & Memo Drafting

Tested With

โœ“ GPT-4oโœ“ Gemini 1.5 Pro

Tags

#Payroll Tax#IRS#Employment

Added

6m ago

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