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

Tax Staff Training – Business (TSTB)

(Updated for the Tax Cuts and Jobs Act) 16-Hour Program

WHY ATTEND THIS COURSE?

Designed as practical “next-step” training for the accountant who has one or two tax seasons’ experience and is expected to accept additional responsibility and work on more complex assignments, this course introduces the participant to business income tax returns and tax issues commonly encountered in operating businesses. Case study shows participants how to summarize and organize information from trial balance, make entries required for tax reporting, and actually prepare tax returns. Participants will also be introduced to tax practice ethics (Circular 230), basic tax research techniques, and common sources of authority for tax return positions.

DESIGNED FOR...

Accountants with one or more years of tax experience who anticipate additional tax compliance and planning responsibilities. May also be suitable for public practice.

OBJECTIVE

Participants will be able to:

  • Apply working knowledge of tax matters encountered by intermediate level staff accountants in the local/regional CPA firm
  • Deal with more complex tax returns of all types
  • Document research and answer client tax questions
  • Efficiently prepare Forms 1065, 1120S, and 1120
  • Recognize tax planning concepts and develop efficient tax research techniques
  • Prepare accounting method change notices for new “Repair Regulations”
  • Comply with Treasury Circular 230 ethical standards for return preparers

MAJOR SUBJECTS

  • Getting from trial balance to tax return
  • Tax characteristics of S corporations, C corporations, partnerships, and LLCs
  • Tax considerations in organizing any of those types of entities
  • “Back-to-back” loan rules for S corporations
  • Corporate earnings and profits
  • S shareholder basis and AAA
  • Partner basis versus capital account
  • Documentation for accounting method change
  • Intermediate level tax practice case studies
  • Return review procedures
  • Documentation of working files
  • Introduction to Treasury Circular 230

COURSE ACRONYM: TSTB

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Intermediate

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Taxes

RECOMMENDED CPE CREDIT: 16 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.