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Tax Staff Essentials, Level 4 - Tax Manager/Director

Publisher: AICPA
Availability: Online Access
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Tax Staff Training, Level 4 - Tax Manager/Director training gives your managers and directors the tools they will need to offer existing clients additional services. It will improve and increase their proficiency levels, eliciting a higher level of customer satisfaction, with the potential to increase firm service fees. Tax Staff Essentials Level 4 contains the advanced technical level of training your firm needs to maintain and improve its core competencies. As your firms leaders expand their levels of expertise, so does your firm expand its ability to offer its professional services to new and existing clients. Whether you wish to grow your firm by developing expertise in a niche or by business referrals from highly satisfied clients, TSE Level 4 is a must-have suite of CPE courses.

Topics Discussed:

  • Transaction structure: "The art of the deal"
  • Tax preferenced reorganizations
  • Specialty transactions: The industry "roll-up" and ESOPs
  • Advanced aspects of ASC 740
  • Business combinations and other purchase transactions
  • Stock compensation ASC 718
  • Sale of an interest in a partnership or LLC
  • Adjustments to basis of partnership/LLC assets
  • Advanced distribution rules
  • Allocation of income under Section 704(b)
  • Foreign branch and affiliates
  • U.S. withholding taxes on foreign business
  • Grantor trusts
  • Asset Protection
  • Intra-family property transfers
  • Types of IRS audits
  • RAR: Revenue Adjustment Report
  • Accounting for audit adjustments

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

  • Discuss with clients the mechanics of the most common types of reorganizations
  • Highlight the differences between an asset transaction and a stock transaction
  • Indicate basic features of utilizing ESOPs
  • Apply the complex rules of ASC 740 (SFAS No. 109 and FIN 48) to new and challenging situations.
  • Apply ASC 740 to ASC 805, Business Combinations, and ASC 810, and non-controlling Interests in Consolidated Financial Statements.
  • Determine the applicable tax rate for complex situations.
  • Determine the consequences of selling a partnership or LLC interest.
  • Make elections to protect partners and LLC members from unwelcome future consequences arising from current distributions, sales, and/or transfers of interests in the partnership.
  • Learn how to calculate the basis of partnership or LLC following distributions of multiple properties.
  • Understand how to comply with U.S. tax reporting requirements for inbound and outbound transactions and operations.
  • Learn how income is sourced to a foreign jurisdiction.
  • Understand what various types of trusts and life insurance may be used in an effective estate plan.
  • Minimize estate and gift transfer taxes via planning techniques and opportunities
  • Determine when to challenge IRS requests
  • Understand IRS audit techniques, inquiries, and appeal rights
  • Manage the information document request process and evaluate the contents of a revenue agent report (RAR)

Prerequisite: Approximately 5 years of tax compliance experience

Advanced Preparation:  None

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

Tax Section Members Receive Additional Savings! 

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied 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.

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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NASBA Field of Study: Taxes
Level: Intermediate
Recommended CPE Credit: 57.5
Tax Staff Essentials, Level 4 - Tax Manager/Director
CPE On-Demand ,
Product# 157861
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.