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

Streamlined Tax Staff Training - Tax Research and Quality Control Issues (STRQ)

8-Hour Program

WHY ATTEND THIS COURSE?

Contemporary tax practice is about more than putting numbers in little boxes. Persons in senior positions in a tax preparation function must know both how to find correct answers and why it’s important to do so. This program offers advanced level training for both. Efficient and effective tax research methods and an understanding of what constitutes “substantial authority” come first, along with an explanation of how to find and evaluate various sources. After that, we move onto the why. Treasury regulations, AICPA professional standards, and preparer penalties in the Internal Revenue Code demand that accountants employ “due diligence” in their tax practice. Anything less exposes them to censure, monetary penalties, and possible loss of privilege or credential.

DESIGNED FOR...

Accountants moving up to reviewing income tax returns, answering questions about income tax issues, and taking responsibility for the quality of returns and related tax advice.

OBJECTIVE

Participants will be able to:

  • Apply efficient review techniques to income tax returns of all types
  • Identify key issues in research projects and answer tax questions
  • Employ quality control principles required by Treasury Circular 230 and AICPA Statements of Standards for Tax Services
  • Communicate the results of their work efficiently and effectively

MAJOR SUBJECTS

  • Recognizing the tax questions in a client’s business plans
  • Managing the process of return review and responding to questions from preparers
  • Finding answers to tax questions
  • Documenting tax research
  • Ethical and quality control standards

COURSE ACRONYM: STRQ

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.