Course ID: TSTA

Tax Staff Training – Advanced Issues


Designed for the accountant with more than two seasons’ tax experience who is ready to take more responsibility for providing and supervising tax services to clients, this program includes income taxation of estates and trusts, special rules affecting controlled groups, and transfers of partnership interests. Program participants will learn how to comply with professional standards, prepare written tax advice, represent clients before the IRS, and produce quality tax research using Code, Regulations, IRS Published Guidance, Committee Reports, and case law.


LEARNING OBJECTIVES
  • Handle complex tax issues: Suspended losses, NOLs, accounting method changes, controlled groups, AMT credit
  • Deal with “in charge” responsibilities
  • Produce written tax advice
  • Deal with the IRS
  • Review returns and tax research prepared by others
  • Apply current developments to planning for existing clients
  • Develop a technical “head start” on a tax specialization
  • Comply with professional standards

MAJOR TOPICS
  • “Best practices” and the value of engagement letters
  • Return review procedures and documentation
  • Tax research, documentation and writing tax opinions
  • Working with the IRS on examinations, assessments, appeals, and penalty abatement
  • Income taxation of Estates and Trusts – Subchapter J
  • Accounting periods and methods
  • Controlled groups – special tax considerations
  • Partnership liquidations, distributions, and transfers of interest
  • Net operating losses
  • Current technical developments
  • Comprehensive coordinated tax planning techniques
  • Application of Professional Standards to Tax Practice

DESIGNED FOR
Accountants who are ready for "in charge" responsibility in tax practice

PREREQUISITES
None

COURSE PRODUCER
Nichols Patrick CPE, Inc

CPE CREDITS
16.0

LEVEL
Advanced

This course is available to be scheduled as:

Group Live
 

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