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Technical

Tax Staff Essentials, Level 3 - Tax Senior/Supervisor Logo aicpa

  $549.00 - 689.00 |   CPE: 57.0 |   AICPA |   May 2019 |   AICPA Store
Capitalize on emerging cross-selling opportunities.
Key Topics
  • Using IRAs in strategic plans
  • S Corp current developments: tax planning impact
  • Use of qualified subchapter S subsidiaries (QSUB) and trusts (QSST)
  • Shareholder compensation planning
  • Types of Trusts and Trustee powers
  • Basic concept of estate planning
  • Advantages and disadvantages comparison of Business Entities
  • Business Acquisition basics
  • Asset versus stock based Transactions
  • Valuation considerations
  • In-depth look at Form 990 and all related schedules
  • Tax issues facing tax-exempt organizations
Learning Objectives
  • Identify circumstances that warrant converting from S to C corporation and gain a basic understanding of how to make the conversion
  • Interpret tax issues related to the formation of a corporation
  • Understand the complex rules of basis and distributions
  • Apply the rules related to acquisitions and liquidations of S corporations
  • Explain the uses of trusts as S corporation shareholders.
  • Understand the concept of a trust and the various types of trusts
  • Advise clients on filing requirements for Forms 706 and 709
  • Identify the elements of an estate and grantor trusts
  • Understand the basic steps in a business acquisition
  • Analyze the three principle approaches to valuation of a business
  • Structure compensation alternatives for individual buyers and sellers
  • Prepare and use Forms 990, 990-EZ, and related schedules
  • Understand which organizations must file returns and which are exempt

Level 3 identifies the more difficult areas for experienced tax compliance specialists, focusing on understanding business strategies, analyzing your client's competitive position, and converting this knowledge into tax planning and business advice.

Increasing exposure into specialized tax niches will position your work force to capitalize on emerging cross-selling opportunities. Key subject matters covered include:

  • ASC740 and deferred income taxes
  • Estates and trusts
  • Tax exempt organizations
  • Real estate transactions
  • Advanced S Corporation concepts

This level will give Staff, Seniors and Supervisors the confidence necessary to begin assuming client and engagement management responsibilities.

Courses Included:

Note: These courses have been updated for the 2017 Tax Cuts and Jobs Act (TCJA) ("Tax Reform"). You'll have free access to a Course Supplement that provides an explanation of the key provisions of the TCJA (including topics not covered in your course).

Tax Staff Essentials is a comprehensive, integrated curriculum that provides tax training for four different experience levels and is available in four different formats: Online, On-site, Tax Schools and Webcasts.

For more info, visit the Tax Staff Essentials website.

On-Demand: The On-demand offers immediate access to courses with discounts available for 3+ participants.

On-Site: The On-site program may be purchased for 10+ participants with an AICPA instructor or as a guide for using your own subject matter expert.

NOTE: If you wish to enroll Tax Section members in your group purchase, you must speak with a representative to ensure that section discounts are applied.

Topics covered:
  • Tax: Technical: Individual income taxation : Specialized issues, Intermediate
  • Tax: Technical: S corporation income taxation: Shareholder transactions, Intermediate
  • Tax: Technical: C corporation income taxation : Formation, liquidation & reorganization, Intermediate
  • Tax: Technical: Taxation of estates & trusts, Intermediate

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