AICPA National Tax Education Program

Come to the Premier Tax Training School for Tax Practitioners and get a year’s worth of tax training in just one week and earn 40 CPE credits!

Whether you’re a seasoned tax practitioner or just entering the profession, the AICPA National Tax Education Program offers hands-on training for every level of experience on every key aspect of tax accounting. As the premier tax training school for tax practitioners, you’ll receive a year’s worth of highly-focused, intensive training from nationally renowned tax experts in just five days! There’s no better place to learn new skills, refresh old ones and prepare for challenges in the coming year.

Recommended CPE Credit: 40 Credits per week

Register for the week that best fits your level of experience.

Week 1: June 16–20
Code: 1EDUC08
For those with 1–2 years tax experience: you’ll learn about tax research, individual income tax, passive losses and AMT, property transactions and depreciation.

Week 2: June 23–27
Code: 2EDUC08
Perfect for the tax practitioner with 2–3 years tax experience, this program focuses on C and S corporation taxation, accounting methods and periods, tax exempt organizations and multistate taxation.

Week 3: July 14-18
Code: 3EDUC08
For those with 3–4 years experience: this session focuses on estates, trusts and gifts, and an in-depth look at partnerships and compensation planning.

Week 4: July 28-August 1
Code: 4EDUC08
Geared toward those with 4–5 years experience, this session provides a definitive analysis of complex C & S corporation tax issues.

Week 1 – June 16-20, 2008
Geared toward those with 1-2 years tax experience

Monday-Tuesday
Introduction to Tax Research Skills

• Basic research tools
• Authoritative sources for tax research
• Computerized tax services
• Contents of the tax library
• Research cases
• Hands-on applications
• Avoiding penalties

Wednesday
Overview – Individual Taxation

• Income determination
• Deductions and limitations
• Determination of tax liability, including AMT
• Tax planning opportunities
• Interest expense

Passive Activity and AMT

• Passive activity losses
• Limitations
• Credit and carryovers
• Activities defined
• Alternative minimum tax – corporate

Thursday/Friday
Property Transactions/Depreciation

• Basis
• Gratuitous transfers
• Like-kind exchanges
• Sale of a principal residence
• Capital gains and losses
• Depreciation and recapture
• Involuntary conversions
• Property transfers in divorce

Week 2 – June 23-27, 2008
Geared toward those with 2-3 years tax experience

Monday/Tuesday/Wednesday
C Corporations

• Deduction, income and credits
• Related party transactions
• Schedule M-1 and M-3
• Carryovers and carrybacks
• Controlled groups
• Selection of entity
• Distributions

S Corporations

• Qualification, election and termination
• Accumulated adjustments and other adjustments
• Built-in gains
• Basis calculations
• Second class of stock
• Compensation and fringe benefits
• Employment taxes
• Eligible shareholders
• Qualifying trusts
• Distributions

Thursday
Accounting Methods and Periods

• Changes in periods and methods
• Cash method eligibility
• Inventories
• Uniform capitalization rules

Tax Exempt Organizations

• Filing requirements
• Qualifications
• Unrelated business income
• Private foundations
• Excise taxes

Friday
Multistate Taxation

• Unitary and combined reporting
• Nexus standards: income vs. sales tax
• Allocation and apportionment
• Sales and use tax implications

Week 3 – July 14-18, 2008
Geared toward those with 3-4 years tax experience

Monday
Introduction to Estate and Gift Taxation

• Computation of the taxable estate
• Planning with marital and credit trusts
• Valuation and discount rules
• Determination of taxable gifts
• Preparation of Forms 706 and 709

Tuesday
Income Taxation of Estates and Trusts

• Determination of trust and beneficiary taxable income
• Preparation of Form 1041
• Special problems:  grantor trusts

Wednesday/Thursday/Friday
Partnerships, LLCs and LLPs

• Classification issues
• Formation
• Basis computations
• Allocations and distributions to partners
• Partner/partnership transactions
• Sale of partnership interest
• Single member LLCs
• “Check the Box Regulations”

Week 4 – July 28, August 1, 2008
Geared toward those with 4-5 years tax experience

Monday
Stock Redemptions

• Distribution vs. exchange treatment
• Constructive ownership rules
• Redemptions on death
• “Bootstrap” redemptions

Liquidations of C and S Corporations

• Effect on shareholder & corporation
• Liquidations of subsidiaries
• Loss recognition limitations

Tuesday
Buying and Selling C and S Corporations

• Taxable acquisitions: sale of assets vs. sale of stock
• Purchase price allocations – reorganizations
• Buying, selling
• Divisions – spin-offs, split-offs, spit-ups
• Loss limitations
• Deemed asset purchases – Sec. 338

Wednesday
Nontaxable Acquisitions: Mergers and Acquisitions

Choice of Entity Considerations

• Partnerships, LLCs, S and C Corporations
• Advantages and disadvantages
• Use of multiple entities
• Conversion traps

Thursday
Advanced Topics in Flow Through Entities

• Partnership terminations and conversions
• Partnership mergers, consolidations and divisions
• Reorganizations involving single member LLCs
• Sec. 338(h)(10) elections in S Corporations

Thursday/Friday
Consolidated Returns

• Affiliated groups and eligibility
• Intercompany transaction revisions
• NOLs and the SRLY limitations
• Overlap rules
• Loss disallowance rules and consolidated Sec. 38

Week 1: 5/25/08
Week 2: 6/1/08
Week 3: 6/22/08
Week 4: 7/6/08

Additional Accommodations:

Week 1: 5/25/08
Week 2: 6/1/08
Week 3: 6/22/08
Week 4: 7/6/08