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

Streamlined Tax Staff Training – Business (STSB)

(Updated for the Tax Cuts and Jobs Act) 8-Hour Program

WHY ATTEND THIS COURSE?

From books to tax returns…that’s the mission. But, how do you get started? How can you identify and keep track of different reporting for different types of entities? How different is Form 1065 from Form 1120S? Those questions and many more will be answered in this information-packed program.

DESIGNED FOR...

Tax staff making the move up from preparing individual Forms 1040 to preparing business income tax returns.

OBJECTIVE

Participants will be able to:

  • Identify differences in how information is presented in income tax returns of various business entities
  • Prepare and post tax and closing entries
  • Efficiently prepare Forms 1065, 1120S, and 1120
  • Prepare various common supporting forms, such as Form 4797 reporting sales of property
  • Recognize tax planning concepts and develop efficient tax research techniques

MAJOR SUBJECTS

  • Preparation of business income tax returns from client-maintained records
  • Computation of the qualified business income deduction added by the Tax Cuts and Jobs Act
  • Applying the business interest deduction limits added by the Tax Cuts and Jobs Act where necessary
  • Accounts that must be analyzed for proper tax reporting
  • Critical disclosures that may be required in business returns
  • How information is reported differently in Forms 1065, 1120, and 1120S

COURSE ACRONYM: STSB

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Intermediate

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Taxes/General Taxation

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.