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Tax Staff Essentials, Level 3 - Tax Senior/Supervisor

Publisher: AICPA
Availability: Online Access
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Tax Staff Training, Level 3 training identifies the more difficult areas for experienced tax compliance specialists. We will focus on understanding business strategies, analyzing your client's competitive position, and converting this knowledge into tax planning and business advice. Increasing exposure into specialized tax niches will position your work force to capitalize on emerging cross-selling opportunities. This level will give staff Seniors and Supervisors the confidence necessary to begin assuming client and engagement management responsibilities

Topics Discussed:

  • Minimizing taxes for high-wealth clients
  • How new tax developments affect individuals
  • Using IRAs in strategic plans
  • S Corp current developments: tax planning impact
  • Use of qualified subchapter S subsidiaries(QSUB) and trusts (QSST)
  • Shareholder compensation planning
  • Types of Trusts and Trustee powers
  • Basic concept of estate planning
  • Advantages and disadvantages comparison of Business Entities
  • Business Acquisition basics
  • Asset versus stock based Transactions
  • Valuation considerations

Learning Objectives
Upon completion of this course, you will be able to:

  • Implement strategies for high-wealth clients, those approaching retirement, homeowners, parents of college-bound children, employees, self-employed individuals, and seniors.
  • Respond to tax-law and economic developments with up-to-date strategies that save taxes for individual clients.
  • Render appropriate federal income tax advice to clients who are separated, divorcing, or already divorced.
  • Identify circumstances that warrant converting from S to C corporation and gain a basic understanding of how to make the conversion.
  • Interpret tax issues related to the formation of a corporation.
  • Understand the complex rules of basis and distributions
  • Apply the rules related to acquisitions and liquidations of S corporations.
  • Explain the uses of trusts as S corporation shareholders.
  • Understand the concept of a trust and the various types of trusts.
  • Advise clients on filing requirements for Forms 706 and 709.
  • Identify the elements of an estate and grantor trusts
  • Understand the basic steps in a business acquisition
  • Analyze the three principle approaches to valuation of a business
  • Structure compensation alternatives for individual buyers and sellers

Prerequisite: Approximately 3 years of tax compliance experience

Advanced Preparation:  None

This comprehensive, integrated curriculum provides tax training for four different experience levels:

Tax Section and PCPS Members Receive Additional Savings!

Tax Section Members - when you log into this website with your AICPA member user account, the Tax Section discount will be automatically applied during checkout.

PCPS Members – click here and login with your AICPA member user account to obtain the discount code to enter during checkout.

Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or

Find out more information on the Tax Section and PCPS.

Group Training

Purchasing multiple enrollments for your organization? Discounts are available for 3 or more people.

Contact a representative by completing a brief Online Form or calling 800.634.6780 (option 1) for information on a discounted rate.

NOTE: If you wish to enroll Tax Section members in your group purchase, you must speak with a representative to ensure that section discounts are applied.

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Other Options

NASBA Field of Study: Taxes
Level: Intermediate
Recommended CPE Credit: 72
Tax Staff Essentials, Level 3 - Tax Senior/Supervisor
CPE On-Demand
Product# 157791
Availability: Online Access 1 Year
For registered users only
AICPA Member:$669.00
Your Price:$799.00
To receive your AICPA member discount, Sign In now, or Register using your AICPA membership number.