Managing resource constraints and controlling budgets in a virtual environment will be vital during this year’s international tax compliance season, especially if supporting tools/technology and third party service providers are part of the process.
Whether you depend on a provider to outsource, co-source or review your returns, the supporting data, tools and workpapers will need to be considered. Organizations have to ensure that all resources are on the same page, that documentation and filing requirements are addressed, and that all supporting calculations and workpapers are accurate and complete without the typical challenges of version control, last minute top side adjustments, superseded workpapers, etc. With the continued complexity of tax reform, any gaps in data or calculations must be quickly identified and addressed by supplementing and/or verifying the calculated results as needed.
On this TaxWatch Webcast, professionals from KPMG will highlight areas that will help avoid diagnostic errors, as well as other issues that can trigger concerns with the IRS related to international tax calculations.