Tax Staff Essentials Level 3 - Tax Senior/Supervisor
Available Until
**OnDemand**
42.5 Credits
Member Price $509.00
Non-Member Price $609.00
Overview
Tax seniors and supervisors get the tax updates and education they need to excel in their roles.
Highlights
Key Topics
- Keys to getting Form 990 preparation correct the first time
- Scope of FASB ASC 740
- Uncertain tax positions
- Common errors made involving Forms 1040, 1120-S, and 1065
- Taxation of trusts and estates
- Basic concepts of estate planning
Prerequisites
Basic knowledge of U.S. federal income taxation
Designed For
Who Will Benefit
- Tax seniors and supervisors in public practice
- Mid-level CPAs working in industry
Objectives
Learning Outcomes
- Identify filing requirements for Form 990, Form 990-EZ, and Form 990-N.
- Recall the objectives and key terms of FASB ASC 740, *Income Taxes*.
- Identify the elements of a trust.
- Identify the warning signs that a client might have unreported income.
- Determine proper tax return reporting of a like-kind exchange transaction.
- Identify the accounts that affect the accumulated adjustments account.
- Identify which items go on page 1 of Form 1120-S and which go on Schedule K.
- Identify the mechanics of a partnership’s tax return, including partner capital account calculations and permissible tax years.
- Determine the proper allocation of recourse liabilities among partners.
Non-Member Price $609.00
Member Price $509.00