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CPE Self-Study

Tax Staff Essentials, Level 1 - New Staff

  • $549.00-$689.00
    Tax Staff Essentials, Level 1 - New Staff Availability : Online Access Product #: 157634
    AICPA Member: $549.00
    Non-Member: $689.00
  • Contact Sales
    Contact a representative for group pricing or on-site training opportunities. 800.634.6780 (Option 1) | Contact Us Product #: GT-TSE.LEVEL1

Learning Objectives

  • Analyze and report business income and expenses of a sole proprietorship or a single member LLC on Schedule C to the Form 1040
  • Interpret and report rental activities on Schedule E to the Form 1040
  • Identify the specific "passive activity" rules
  • Determine if a change of filing status will improve the taxpayers' filing position based on itemized deductions
  • Determine when an S corporation may be advantageous for a business, how to make a proper election, and the income/loss that passes through to the shareholder
  • Recognize active and passive income and determine material participation as it relates to an individual S corporation shareholder
  • Understand the impact of converting a C corporation into an S corporation
  • Distinguish between deductible repairs and capitalized improvements under new tax regulations
  • Calculate the initial tax basis and adjusted tax basis of business property
  • Determine the tax basis of self-constructed assets

Key Topics

  • New individual income and corporate tax rates
  • New pass-through income rules
  • New rules for certain credits, deductions and qualified business income (QBI) deduction
  • Filing requirements and personal exemptions
  • Gross income inclusions, exclusions, and adjustments
  • Sole proprietorships, hobby loss rules and passive activities
  • Home offices, rental properties and vacation homes
  • Net Investment Income Tax and Medicare Payroll Tax
  • S corporations
  • Capital improvements and repair
  • Depreciation methods and IRS tables
  • Intangible asset amortization
  • Online tax research methodology and authoritative tax hierarchy
  • The power of professional language in business writing
  • Tax return support documentation

Who Will Benefit?

  • Junior accounting and tax professionals

Help your junior staff establish a strong set of core skills

This series covers key areas to ensure your young tax force is well prepared to begin their careers. They'll learn about:
  • Individual, partnership and S corporation tax compliance
  • Effective online tax research techniques
  • Clear and precise workpaper documentation
  • Effective professional business communications
Your future tax professionals will also receive a broad range of practical tax instruction, including key issues surrounding:
  • Individual taxation
  • New cost and repair regulations
  • S corporation distributions
  • Items affecting shareholder basis
  • Passive activity loss rules, and more

Courses Include:

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.

Discounts

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.

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.

System Requirements

About the 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.