Course ID: TSTI

Tax Staff Training – Individual

The new accountant with little or no tax experience will gain real-world, practical training from this course. It bridges the gap between school and practice. This is not a theory course. It is the foundation for understanding the federal income tax code and its application to all kinds of taxpayers. New staff accountants will return from this program ready to make a profitable contribution to the firm’s tax practice. Emphasis is on individual tax returns and tax issues commonly encountered by individuals.


LEARNING OBJECTIVES
  • Deal correctly with tax-related matters usually encountered by first year staff
  • Prepare Forms 1040, 4562, 4797, 6251, and many others, efficiently (with or without a computer!)
  • Be a productive member of the tax-team

MAJOR TOPICS
  • Identifying, summarizing and classifying income and deductible expenses
  • Depreciation, cost recovery, and recapture
  • Passive losses
  • Interest tracing
  • Trade or business expenses
  • Capital gains and losses
  • Alternative minimum taxation
  • Procedures to minimize errors and simplify review
  • Finding answers to tax questions quickly and correctly

DESIGNED FOR
Accountants and paraprofessionals who want a thorough introduction to, or comprehensive review of, tax compliance fundamentals

FIELD OF STUDY
Taxes

PREREQUISITES
None

COURSE PRODUCER
Nichols Patrick CPE, Inc

CPE CREDITS
16.0

LEVEL
Basic

This course is available for your group as:

Group Live
 

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Or, contact BLI: 888-481-3500 or learn@blionline.org