Designed for tax staff with two-to-four years of experience, AICPA Tax
School: Tax Staff Essentials – Week 2, will expand the attendee’s tax
knowledge into the areas of Partnerships, LLC’s, Multistate Taxation,
and Tax Exempt Organizations. Level 2 is developed for those who want to
take on a wider variety of firm engagements and establish a supervisory
role within the firm. Key subject matter covered includes Inventory
Valuation and Property Transactions which will be essential for
servicing more.
The AICPA Tax School: Tax Staff Essentials establishes a strong set of
skills necessary to grow the abilities and confidence of entry-level to
more experienced staff, allowing them to work with greater independence
and expand their role in the firm.
Topics discussed at AICPA Tax School:
• C Corporation formation and Section 1244 Stock
• Corporate net operating losses
• Salaries, employee benefits, and retirement plans
• Taxation of property transactions under IRC sections 1231, 1245, 1250
• LLC formation and Check-the-Box rules
• Partnership and LLC profit and loss allocations
• Partnership and LLC contributions and distributions
• Multistate Income apportionment and allocation
• Nexus, UDITPA, MTC
• Section 263A, Inventory methods
• Choosing an Accounting Method
• Accounting Method changes
• Types of Trusts and Trustee powers
• Basic concept of estate planning
• S Corp current developments: tax planning impact
• Advantages and disadvantages comparison of Business Entities
• Business Acquisition basics