OUR THOUGHTS ON:

My Tax Experience

Internship

By Xiaoyan Li

When I received my acceptance letter to intern at Schneider Downs, I was pleased, excited, and relieved. The interview process was finally complete and I had an internship at a firm I wanted to intern at. During the interview process, I conveyed to my interviewer and HR that I was interested in Tax, so when I was placed in the Tax Department at the beginning of the internship, I could not wait to start.

Since this is my first internship, I wasn’t sure what to expect. I thought I would mostly work on tax returns, which turned out to be true, but it was also much more. While I took some tax courses in college, I realized what I learned was just the tip of the iceberg. At first, I worked on simple tax returns to let me become used to the tax software, and then the more challenging tax returns came. At that point, many tax-related matters that I never heard of became one of the most challenging and time-consuming parts of my internship. It’s not just preparing a tax return; it’s about how the return flows from understanding the details that make up the return. That means taking time to do some research on particular tax matters and applying that research to determine how to treat those matters. Then the questions came. I learned that when I can’t find the answers, the next step is to ask someone who can explain it to me. The more complicated a subject is, the more questions I ask, especially when I did not understand the explanation the first time. The staff at Schneider Downs would patiently explain and show me how to work through those complications. Due to this attention, I learned a great deal about tax.

There are still so many more tax topics to learn about, and there is something new to learn every day when I come to the office. My internship at Schneider Downs became more exciting as I worked on new and more challenging projects. It is an experience that will become the foundation of my career.

© 2013 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

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The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

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