Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Advanced Tax Practice (ATP)

8-Hour Program

WHY ATTEND THIS COURSE?

Code Sections 6694 and 7216, Treasury Circular 230, Office of Professional Responsibility, AICPA Statements on Standards for Tax Services…every tax partner and senior manager faces a daunting array of new “guidance.” Rarely have tax and financial statement issues been so intertwined, and so likely to cause problems for tax practitioners. All CPAs must become familiar with risk analysis of tax return positions. This program explains what it takes to avoid penalties and keep fees reasonable.

DESIGNED FOR...

Senior tax managers and tax partners.

OBJECTIVE

Participants will be able to:

  • Comply with Circular 230 and AICPA SSTS
  • Impose best practices in tax practice
  • Identify “Uncertain Tax Return Positions” and test for “more likely than not” for FIN 48 compliance
  • Analyze tax return positions to determine degree of risk
  • Avoid penalties under IRC Sec. 6694…how to use disclosure to avoid penalties
  • Avoid penalties under IRC Sec. 7216...when to ask for client waiver of confidentiality
  • Determine whether a tax return position has “substantial authority” or a “reasonable basis”
  • Make protective disclosure of tax return position with only “reasonable basis”

MAJOR SUBJECTS

  • Final Sec. 6694 regulations
  • Best practices and the value of engagement letters
  • Understanding required “levels of authority” for tax positions
  • Circular 230 and AICPA Standards relating to tax return positions
  • Tax research, documentation, and opinions
  • Case studies in analysis of risk in tax return positions
  • Current developments in tax practice management and responsibilities of tax partners

COURSE ACRONYM: ATP

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Advanced

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Taxes

RECOMMENDED CPE CREDIT: 8 hours


CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.