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
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
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
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.
- ISBN10 1119556082
- ISBN13 9781119556084
- Publish Date 9 April 2019
- Publish Status Out of Print
- Out of Print 26 April 2022
- Publish Country US
- Imprint John Wiley & Sons Inc
- Format Paperback
- Pages 1
- Language English