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Mr. and Mrs. Smith: A Student Introduction to Federal Tax Compliance, Preparation and Documentation Summary: In this case, students, individually or in a group, assume
Mr. and Mrs. Smith: A Student Introduction to Federal Tax Compliance, Preparation and Documentation Summary: In this case, students, individually or in a group, assume the role of new accounting staff tasked with the preparation of a personal federal income tax return and supporting documentation for a client of their firm. To complete the project, students submit questions based on the initial information provided, meet with the client, and submit a completed federal income tax return for the senior's review that includes a time-log, a carryforward memo for next year's return preparation team. This project adds client interaction to the traditional tax compliance case to reinforce both the technical and communication skills valued in professional practice, including the formulation of questions for the client that allows students to practice discussing technical topics in a non-technical manner and underscores the required balance between attitudes of client advocacy stressed in professional tax practice and legal requirements for ''good-faith'' tax return reporting. Introduction and Background Scott and Kourtney Smith have been clients of Footem and Fillem, LLP (F
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