On-Demand

43.5 CPE

Tax Staff Essentials - Level 3 Tax Senior/Supervisor (Complete Bundle) 2024

On-Demand
43.5 CPE

Up-to-date tax developments for seniors and supervisors

Courses in Level 3 of Tax Staff Essentials are designed to help tax professionals tackle the more difficult areas of taxation by focusing on understanding business strategies and analyzing clients’ competitive positions. Materials encourage professionals to convert this knowledge into tax planning and business advice.

Popular tax niches

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

  • FASB ASC 740 and deferred income taxes
  • Estates and trusts
  • Tax-exempt organizations
  • Real estate transactions
  • Advanced S corporation concepts

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
  • Reviewing Individual Returns: What Are You Missing?
  • Reviewing S Corps Returns

Learning Objectives

  • Identify filing requirements for Form 990, Form 990-EZ, and Form 990-N.
  • Recognize how to schedule temporary differences to future tax periods.
  • Recognize the taxation of complex trust and estate beneficiaries.
  • Recognize when gain on the sale or disposition of a business asset may be taxed as ordinary income.
  • Calculate gain and loss on the distribution of property.
  • Determine whether a transaction should be structured as a taxable or tax-free acquisition.
  • Identify potential errors or omissions of information on tax returns.

Major Topics

  • Using IRAs in strategic plans
  • S corporation 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

CPE Credits Available

43.5 CPE
43.5
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Tax

Prerequisites

Experience in income taxation

Intended Audience

Tax seniors and supervisors

Provider

AICPA - Durham

This can not be purchased at this time.