Designed for the accountant with more than two seasons’ tax experience who is ready to
take more responsibility for providing and supervising tax services to clients, this program
includes income taxation of estates and trusts, special rules affecting controlled groups,
and transfers of partnership interests. Program participants will learn how to comply with
professional standards, prepare written tax advice, represent clients before the IRS, and
produce quality tax research using Code, Regulations, IRS Published Guidance, Committee
Reports, and case law.
DESIGNED FOR
Accountants who are ready for “in-charge” responsibility in tax practice. May also be suitable
for public practice.
BENEFITS
- Handle complex tax issues, including suspended losses, NOLs, accounting method
changes, controlled groups, debt forgiveness, and AMT credit
- Deal with “in-charge” responsibilities
- Produce written tax advice
- Deal with the IRS
- Review returns and tax research prepared by others
- Apply current developments to planning for existing clients
- Develop a technical “head start” on a tax specialization
- Comply with professional standards
HIGHLIGHTS
- Best practices and the value of engagement letters
- Return review procedures and documentation
- Tax research, documentation, and writing tax opinions
- Working with the IRS on examinations, assessments, appeals, and penalty abatement
- Income taxation of Estates and Trusts — Subchapter
- Accounting periods and methods
- Controlled groups — special tax considerations
- Partnership liquidations, distributions, and transfers of interest
- Net operating losses including changes made by Tax Cuts and Jobs Act
- Current technical developments
- Comprehensive coordinated tax planning techniques
- Application of Professional Standards to Tax Practice
COURSE LEVEL
Basic
PREREQUISITES
Two or more tax seasons’ experience.
ADVANCE PREPARATION
None