Tax Staff Essentials, Level 4 - Tax Manager/Director (41.5 CPE Credits) gives your managers and directors the tools they will need to offer existing clients additional services. It will improve and increase their proficiency levels, eliciting a higher level of customer satisfaction, with the potential to increase firm service fees. Tax Staff Essentials Level 4 contains the advanced technical level of training your firm needs to maintain and improve its core competencies. As your firms leaders expand their levels of expertise, so does your firm expand its ability to offer its professional services to new and existing clients.
Key areas covered include IRS audits, international tax, advanced topics in partnership taxation and accounting for deferred taxes, and individual and small business tax planning. Whether you wish to grow your firm by developing expertise in a niche or by business referrals from highly satisfied clients, TSE Level 4 is a must-have suite of CPE courses.
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:
- IRS Audits
- Advanced Taxation Partnerships & LLCs
- International Taxation
- Advanced Income Tax Accounting
- Tax Planning for Small Businesses
- Individual Tax Planning
This comprehensive, integrated curriculum provides tax training for four different experience levels and is available in four different formats: Online, On-site, Tax Schools and Webcasts.
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
- Advanced aspects of ASC 740 including accounting for business combinations and other purchase transactions and stock compensation under ASC 718
- Sale of an interest in a partnership or LLC
- Adjustments to basis of partnership/LLC assets
- Advanced distribution rules
- Allocation of income under Section 704(b)
- Foreign branch and affiliates
- U.S. withholding taxes on foreign business
- Types of IRS audits
- RAR: Revenue Adjustment Report
- Accounting for audit adjustments
- Individual tax planning
- Small Business tax planning
Learning Objectives
- Apply the complex rules of ASC 740 (SFAS No. 109 and FIN 48) to new and challenging situations
- Apply ASC 740 to ASC 805, Business Combinations, and ASC 810, and non-controlling Interests in Consolidated Financial Statements
- Determine the applicable tax rate for complex situations
- Determine the consequences of selling a partnership or LLC interest
- Make elections to protect partners and LLC members from unwelcome future consequences arising from current distributions, sales, and/or transfers of interests in the partnership
- Learn how to calculate the basis of partnership or LLC following distributions of multiple properties
- Understand how to comply with U.S. tax reporting requirements for inbound and outbound transactions and operations
- Learn how income is sourced to a foreign jurisdiction
- Determine when to challenge IRS requests
- Understand IRS audit techniques, inquiries, and appeal rights
- Manage the information document request process and evaluate the contents of a revenue agent report (RAR)
- Learn specific ways to reduce your individual and small business clients tax bills
Credit Info
- CPE CREDITS: Online: 41.5 (CPE credit info)
- NASBA FIELD OF STUDY: Taxes
- LEVEL: Advanced
- PREREQUISITES: Tax Staff with over 5 years of experience
- ADVANCE PREPARATION: None
- DELIVERY METHOD: QAS Self-Study
- COURSE ACRONYM: TSE.Level 4
Online Access Instructions
A personal pin code is enclosed in the physical packaging that may be activated online upon receipt. Once activated, you will gain immediate online access to the product.
System Requirements
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.
About the Author: The American Institute of CPAs (AICPA) is the world's largest member association representing the CPA profession, with more than 429,000 members in the United States and worldwide, 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 its members and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA examination, offers specialized credentials, builds the pipeline of future talent and drives professional competency development to advance the vitality, relevance and quality of the procession.
