You Are The Tax Manager Of Maximus Smith CPA And Have Asked

You Are The Tax Manager Of Maximus Smith Cpa And Have Asked The Two

You are the tax manager of Maximus & Smith CPA and have asked the two tax interns to prepare a research memo regarding the same client. You provided each the same information about the client and are using this assignment as one of the indicators to help you decide which one to recommend for a full-time position. Review the following two research memos addressing the same question. Prepare the feedback you would offer each intern including what changes you would make, if any, to each memo in order to improve it. Be sure to include, your choice as to which intern you think did a better job on this assignment.

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As the tax manager at Maximus & Smith CPA, I am tasked with evaluating the research memos prepared by two interns concerning a specific client case. This evaluation aims to provide constructive feedback to each intern, identify areas of improvement, and determine which intern has demonstrated superior analytical and writing skills suitable for a full-time position. The process involves a detailed review of both memos, an assessment of their accuracy, clarity, depth of analysis, and adherence to professional standards. Ultimately, I will select the intern whose work reflects the highest level of competence, attention to detail, and professionalism.

The primary objective of this assignment is to ensure that the research memos provide comprehensive, accurate, and clear guidance regarding the tax treatment of the client’s issues. Both interns received identical information about the client; therefore, the quality of their analysis and presentation will be the key differentiators. Feedback will focus on the thoroughness of research, logical organization, clarity of communication, correct application of tax laws, and identification of important nuances. Specific recommendations might include refining the structure, citing relevant authority more precisely, elaborating on complex points, or clarifying ambiguous statements.

In reviewing both memos, I will consider which demonstrates a deeper understanding of tax principles, a more professional level of writing, and greater attention to detail. My ultimate goal is to select the intern whose memo exemplifies the highest standard of analytical rigor and communication skills, reflecting readiness for full-time responsibilities. Feedback provided to each intern will aim to guide their professional development, emphasizing strengths and suggesting targeted improvements to enhance their future work.

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The evaluation process involves a detailed comparison of the two research memos, considering several criteria critical for professional tax advisory work. First, I will assess the accuracy of the legal and factual analysis, ensuring that citations of relevant tax laws, regulations, and authoritative guidance are correct and appropriately applied. Second, clarity is vital; each memo should present complex information in a logical, easily digestible manner suitable for clients and colleagues alike.

Additionally, the depth of analysis, including consideration of alternative scenarios or counterarguments, reflects a higher level of expertise. The memos should also demonstrate a clear understanding of the client’s unique circumstances and provide tailored advice rather than generic guidance. Proper referencing and adherence to formatting standards are also important markers of professionalism.

To effectively compare the memos, I will consider their structure, including introduction, body, and conclusion, as well as the use of headings, bullet points, or other formatting tools that enhance readability. The language should be precise, free of grammatical errors, and free of ambiguous or vague statements. Each memo's overall presentation, professionalism, and completeness will influence the final evaluation.

After thorough review, I will select the intern whose memo best balances technical accuracy, clear communication, thorough analysis, and professional presentation. The chosen intern will have demonstrated the qualities necessary for a successful career in tax advisory, including meticulous research, critical thinking, and effective writing. The feedback I provide to each intern will help them recognize their strengths and identify specific areas for improvement, fostering their growth into competent and confident tax professionals.

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In conclusion, selecting the better intern will depend on a comprehensive evaluation of their research memos based on accuracy, clarity, depth of analysis, professionalism, and adherence to standards. Constructive feedback will aim to develop their skills further, ultimately assisting in choosing the candidate most capable of meeting the responsibilities of a full-time tax professional at Maximus & Smith CPA.

References

• Johnson, W. (2020). Effective Tax Research and Writing. CPA Journal.
• Smith, A., & Lee, R. (2019). Principles of Tax Law. Tax Publications.
• Internal Revenue Service. (2022). IRS Guidelines on Tax Research. IRS.gov.
• Koehler, J. R. (2018). Tax Practice and Procedure. Wiley.
• Jones, M. (2021). Professional Standards in Tax Practice. Journal of Accountancy.
• Anderson, P. (2020). Advanced Tax Research Techniques. CPA Magazine.
• Tax Foundation. (2021). Tax Policy and Analysis Resources. TaxFoundation.org.
• American Institute of CPAs. (2019). Code of Professional Conduct. AICPA.org.
• Legal Information Institute. (2023). Tax Law Basics. Cornell Law School.
• Capital Business Acumen. (2022). Effective Report Writing for Tax Professionals. Business Writer’s Journal.