Tax Staff Essentials Level 3 - Tax Senior/Supervisor
Tax seniors and supervisors get the tax updates and education they need to excel in their roles.
Format
Online
NASBA Field of Study
Accounting
Level
Intermediate
CPE Credits
42.5
Availability
2 years
Product Number
TSELEVEL325SSO
Current tax developments for seniors and supervisors
Courses in Level 3 of Tax Staff Essentials are designed to help tax professionals tackle the more challenging 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.
How to review tax returns, taught by the experts
Half of this series is dedicated to teaching tax professionals the fundamentals of reviewing tax returns prepared by junior staff. Industry experts share their insights into identifying errors, omissions, and other common issues seen in practice.
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, Income Taxes
- Estates and trusts
- Tax-exempt organizations
- Reviewing individual, S corporation, and partnership returns
Courses include:
- Form 990: Best Practices for Accurate Preparation
- Income Tax Accounting
- Estate & Trust Primer
- Reviewing Individual Returns: What Are You Missing?
- Reviewing S Corporation Tax Returns: What Are You Missing?
- Reviewing Partnership Tax Returns: What Are You Missing?
The latest in tax legislation
Tax Staff Essentials courses are updated regularly to include topical issues in taxation, including the effects of SECURE Act 1.0 and 2.0, recently released Treasury Regulations, and more.
Who Will Benefit
- Tax seniors and supervisors in public practice
- Mid-level CPAs working in industry
Key Topics
- Keys to getting Form 990 preparation correct the first time
- Scope of FASB ASC 740
- Uncertain tax positions
- Common errors made involving Forms 1040, 1120-S, and 1065
- Taxation of trusts and estates
- Basic concepts of estate planning
Learning Outcomes
- Identify filing requirements for Form 990, Form 990-EZ, and Form 990-N.
- Recall the objectives and key terms of FASB ASC 740, Income Taxes.
- Identify the elements of a trust.
- Identify the warning signs that a client might have unreported income.
- Determine proper tax return reporting of a like-kind exchange transaction.
- Identify the accounts that affect the accumulated adjustments account.
- Identify which items go on page 1 of Form 1120-S and which go on Schedule K.
- Identify the mechanics of a partnership’s tax return, including partner capital account calculations and permissible tax years.
- Determine the proper allocation of recourse liabilities among partners.
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
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