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CPE Self-Study
Tax Staff Essentials, Level 2 - Experienced Staff
NASBA FIELD OF STUDY
Taxes
LEVEL
Intermediate
CPE CREDITS
Online: 49.0
Level 2 is designed for junior tax staff who want to take on a wider variety of firm engagements and establish a supervisory role within the firm. This level will broaden your tax knowledge in the areas of multistate taxation, C Corporations, accounting methods and periods, choice of entity and much more.

Tax Section Members Receive Additional Savings!

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org. Find out more information on the Tax Section.

Multiple Participant Discounts:

Contact a representative by completing a brief Online Form or calling 800.634.6780 (option 1) for information on a discounted rate.

On-Demand:

The On-demand offers immediate access to courses with discounts available for 3+ participants.

On-Site:

The On-site program may be purchased for 10+ participants with an AICPA instructor or as a guide for using your own subject matter expert.

NOTE: If you wish to enroll Tax Section members in your group purchase, you must speak with a representative to ensure that section discounts are applied.

CPE On-Demand
AICPA’s online CPE courses will operate in a variety of configurations, but only the configuration described below is supported by our 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 My Account after successfully completing the course and/or exam. Please contact us at 1.888.777.7077 or service@aicpa.org with any questions or concerns related to your CPE certificate(s).

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  • Windows 7 to present

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Product details

Help your junior tax staff establish a supervisory role within the firm.

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
  • 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
  • Multistate Income apportionment and allocation
  • Nexus, UDITPA, MTC
  • Section 263A, Inventory methods
  • Choosing an Accounting Method
  • Accounting Method changes

Learning Objectives

  • Identify the benefits of forming a corporation
  • Understand reasonable compensation issues with respect to a Closely Held Business
  • Analyze the best retirement plan recommendation for a corporation
  • Describe how partnerships and LLCs opting to be treated as partnerships will report their federal taxable income to the IRS
  • Determine the tax basis of assets transferred to a partnership or LLC at formation
  • Explain the deferral of realized gain or loss on a like-kind property exchange
  • Recognize the potential impact of depreciation recapture
  • Explain the allowable inventory valuation methods for tax purposes and how to choose the most beneficial in various scenarios
  • Estimate the tax value of ending inventory under the chosen method
  • Understand and apply the basic rules for a change in accounting method
  • Prepare the Federal Form 3115 – Application for Change in Accounting Method and understand how and when this form should be filed by the taxpayer
  • Understand the key principles of multistate taxation
  • Distinguish differences between apportionment and allocation of income
  • Develop basic approaches to state income tax planning with emphasis on the latest developments in economic nexus

This Level 2 series will help junior and senior staff establish a strong set of skills necessary to grow their abilities, work with greater independence and expand their role in your firm. Level 2 will broaden their tax knowledge in the areas of:

  • Multistate taxation
  • C Corporations
  • Accounting methods and periods
  • Choice of entity.

Key subject matters covered include Inventory Valuation and Property Transactions which will be essential for servicing more complex clients.

Courses Included:

Note: These courses have been updated for the 2017 Tax Cuts and Jobs Act (TCJA) ("Tax Reform"). You'll have free access to a Course Supplement that provides an explanation of the key provisions of the TCJA (including topics not covered in your course).

Tax Staff Essentials is a comprehensive, integrated curriculum that provides tax training for four different experience levels and is available in four different formats: Online, On-site, Tax Schools and Webcasts.

For more info, visit the Tax Staff Essentials website.

Ratings and reviews
Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Price:
$689.00
Member Quantity:
Nonmember Quantity:
Quantity:
Estimated total:
$689.00
Add to cart
CREDIT INFO
CPE credits
Online
: 49.0
NASBA Field of Study
Taxes
Level
Intermediate
Prerequisites
Tax Staff with 1-3 years of experience
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
TSE.Level 2
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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