Tax & Accounting InternAt — G&S Accountancy

G&S Accountancy is a Southern California CPA firm offering tax preparation, tax resolution, and financial statement services to individuals and small to mid-size businesses. The Tax & Accounting Intern works alongside the firm's partners and senior staff to support both compliance (tax return preparation) and representation (IRS and California FTB collection cases), with hands-on exposure to the full lifecycle of a CPA-firm engagement.

Tasks:

Professional / pre-professional tasks (≥80% of time):
- Tax return data entry and draft preparation in UltraTax CS (Form 1040, 1120, 1120S, 1065 and CA state returns).
- Compiled financial statement preparation: trial balance tie-out, GL classification, book-to-tax adjustments.
- Tax resolution case analysis: reviewing CIS forms (IRS 433-A/B, FTB 3561C/4905), reconciling bank statements to reported income/expenses, flagging discrepancies and hardship factors.
- Drafting hardship narratives, cover letters, and submission packages for IRS / FTB cases.
- Tax research in CCH AnswerConnect and preparation of research memos.
- Documenting case progress and findings in Monday.com case files.

Administrative support (under 20% of time):
- File organization, document scanning, and other clerical support as needed.

Training:

- Initial orientation covering firm policies, software (UltraTax CS, CCH AnswerConnect, Monday.com), client confidentiality, and Circular 230 ethics standards.
- Weekly 1:1 mentorship meeting with supervisor (AJ Singh Johal) to review progress, learning outcomes, and provide feedback.
- Daily case standups via Monday.com Tax Returns and Tax Resolution boards with written feedback on each task.
- 100% supervised review: every data-entry, financial statement, and resolution submission is reviewed by a CPA before it leaves the firm.
- End-of-internship evaluation tied to the learning outcomes above.

Learning outcome:

By the end of the internship, the student will be able to:

1. Perform tax return data entry and preparation in UltraTax CS for individuals (Form 1040), businesses (1120, 1120S, 1065), and related California state returns.
2. Assist in compiled financial statement preparation, including trial balance review, GL reclassifications, and book-to-tax adjustments.
3. Analyze tax resolution case files — Collection Information Statements (IRS Form 433-A/B, FTB 3561C/4905), bank statements, pay stubs, and tax transcripts — to identify discrepancies, hardship factors, and qualifying collection alternatives.
4. Apply IRS and California FTB collection procedures including installment agreements, Offers in Compromise, and Currently Not Collectible / hardship status.
5. Conduct tax research using CCH AnswerConnect and document findings in client work papers.
6. Communicate professionally in a client-service environment, including written case updates, internal memos, and supervised client correspondence.