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Tax Staff Essentials, Level 3: Tax Senior/Supervisor

Tax Staff Essentials, Level 3 - Tax Senior/Supervisor (44.5 CPE Credits) identifies the more difficult areas for experienced tax compliance specialists. We will focus 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, and advanced S Corporation concepts. This level will give Staff, Seniors and Supervisors the confidence necessary to begin assuming client and engagement management responsibilities.

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Current Deal:
$551.20
Price:
$689
Was:
$689
Was:
$689

Tax Staff Essentials, Level 3 - Tax Senior/Supervisor (44.5 CPE Credits) identifies the more difficult areas for experienced tax compliance specialists. We will focus 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, and advanced S Corporation concepts. This level will give Staff, Seniors and Supervisors the confidence necessary to begin assuming client and engagement management responsibilities.

Note: This course has been updated for the Tax Cuts and Jobs Act (TCJA) of 2017 ("Tax Reform"). Included with your course, you will have free access to a specially-prepared Course Supplement that provides an explanation of the key provisions of TCJA (including topics not covered in your course).

Courses Included

  • Form 990 - Mastering Its Unique Characteristics
  • Income Tax Accounting
  • Estate & Trust Primer
  • Real Estate Taxation
  • Advanced Tax Planning S Corporations
  • Introduction to Business Acquisitions

Key Topics

  • New individual income tax rates
  • New corporate tax rates
  • New pass-through income rules
  • The qualified business income (QBI) deduction
  • New rules for certain credits and deductions
  • Minimizing taxes for high-wealth clients
  • How new tax developments affect individuals
  • 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
  • Positive communication skills for Leaders and Staff

Learning Objectives

  • Implement strategies for high-wealth clients, those approaching retirement, homeowners, parents of college-bound children, employees, self-employed individuals, and seniors
  • Respond to tax-law and economic developments with up-to-date strategies that save taxes for individual clients
  • Render appropriate federal income tax advice to clients who are separated, divorcing, or already divorced
  • 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

Credit Info

  • CPE CREDITS: Online: 44.5 (CPE credit info)
  • NASBA FIELD OF STUDY: Taxes
  • LEVEL: Intermediate
  • PREREQUISITES:  None
  • ADVANCE PREPARATION: None
  • DELIVERY METHOD: QAS Self-Study
  • COURSE ACRONYM: TSE.Level 3

Gain Immediate Access

This is a digital product that requires a stable and continuous internet. Upon purchase, you will gain immediate online access. Please review the Purchase Information and System Requirements tabs on this page for more information.

To learn more about this program, please visit the Tax Staff Essentials FAQs.

This product is published by AICPA and sold through an exclusive partnership with Wiley.

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

This product is published by AICPA and sold through an exclusive partnership with Wiley.

Order online with our secure system, or call: 888.884.5669 (toll-free) or 928.204.1066 (international).

Return Policy
 

We stand behind our products and want to ensure our customers are completely satisfied.
In the event you are unsatisfied with your purchase, a full refund will be issued upon request within 10 business days of purchase. Refunds will not be issued after this time. This refund agreement is subject to change without notice.

To request a refund, please contact us.

Sales Tax

Sales tax will be calculated at checkout based on local laws of the purchaser.

Forms of Payment

We accept payment in the form of credit card (Mastercard, Visa, Discover or American Express) or via PayPal.

AICPA’s online CPE courses will operate in a variety of configurations, but only the configuration described below is supported by AICPA technicians.

A stable and continuous internet connection is required. In order to record your completion of the online learning courses, please ensure you are connected to the internet at all times while taking the course. It is your responsibility to validate that CPE certificate(s) are available within your account after successfully completing the course and/or exam.

Supported Operating Systems:

  • Macintosh OS X 10.10 to present
  • Windows 7 to present

Supported Browsers:

  • Apple Safari
  • Google Chrome
  • Microsoft Internet Explorer
  • Mozilla Firefox

Required Browser Plug-ins:

  • Adobe Flash
  • Adobe Acrobat Reader

Technical Support: Please contact service@aicpa.org.

Tax Staff Essentials, Level 3: Tax Senior/Supervisor

Current Deal:  $551.20      Was:  $689 Price: $689           Was:  $689

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