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.
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.
Participants will be able to:
COURSE ACRONYM: STRQ
PRESENTATION METHOD: Group-live
LEVEL OF KNOWLEDGE: Advanced
ADVANCE PREPARATION: None
FIELD OF STUDY: Taxes
RECOMMENDED CPE CREDIT: 8 hours
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.