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Virtual Tax Boot Camp, Level 2: Experienced Staff [October 2020]
Tax
Conference

Virtual Tax Boot Camp, Level 2: Experienced Staff [October 2020]

Designed for staff with 1-3 years of experience who can take on a wider variety of engagements. This level will broaden your tax knowledge in the areas of multistate taxation, C Corporations, accounting methods and periods, and choice of entity.

$1,195 - $1,595
Do you have an AICPA membership? Log in to apply your member discount.

Date

Oct 26 - Oct 30, 2020

NASBA Field of Study

Taxes

CPE Credits

27.5

Conference Details

This session has been canceled. Please consider Tax Staff Essentials – New Staff self-study option or the November 16-20 sessions of this boot camp.

Expand your tax knowledge. Tax School, Level 2 is designed for junior tax staff who want to take on a wider variety of firm engagements and establish a supervisory role within the firm. Level 2 will broaden your tax knowledge in the areas of multistate taxation, C Corporations, accounting methods and periods and choice of entity. Key subject matters covered include Inventory Valuation and Property Transactions which will be essential for servicing more complex clients. The Tax Staff Essentials courses establish a strong set of skills necessary to grow the abilities and confidence of junior and senior level staff, allowing them to work with greater independence and expand their role in your firm.

This live training features instructor guided discussion and application exercises covering the practical application of the concepts discussed.

With a maximum 25-seat capacity, this event gives you the advantage of sharing thoughts and challenges with speakers and colleagues in a small, virtual group setting. You’ll walk away with new skills and expertise, giving you the knowledge and confidence, you need to excel in those first challenging years at your firm.

For best results, please ensure your video and audio are operating properly. Zoom system requirements. Accessing the live sessions: Your Zoom link will be emailed to you approximately 3 days prior to the start of the event.

Agenda

Day 1, Accounting Methods, Taxation of Inventories, and Choice and Formation of Entity

11:00am – 11:05am Eastern

  • Introductions

11:05am – 12:30pm Eastern

  • Accounting Methods and Periods for Federal Tax Purpose

12:30pm – 1:00pm Eastern

  • Lunch break

1:00pm – 2:30pm Eastern

  • Inventory Methods, Capitalizing Inventory Costs, Estimated Shrinkage

2:30pm – 5:00pm Eastern

  • General Considerations, Business Entity Formation, Year-to-year Business Operation, Distributions, Sales and Reorganizations

Day 2, Taxation of Property Transactions and Tax Research 2

11:00am – 12:30pm Eastern

  • Dispositions of Business Property: Calculation and Character of Gain or Loss, Dispositions of Business Property: Depreciation Recapture

12:30pm – 1:00pm Eastern

  • Lunch break

1:00pm – 2:30pm Eastern

  • Dispositions of Business Property: Like-Kind Exchanges and Involuntary Conversions

2:30pm – 5:00pm Eastern

  • Tax Research in Perspective, The Elusive Nature of Tax Questions, Assessing and Applying Authority, Communicating Tax Research, Research Methodology for Tax Planning

Day 3, Multi-state Taxations

11:00am – 12:30pm Eastern

  • Interstate Activity and Nexus, Calculation of State Taxable Income: Modifications, Filing Methods for Multistate Taxpayers

12:30pm – 1:00pm Eastern

  • Lunch break

1:00pm – 5:00pm Eastern

  • Apportionment and Allocation, Apportionment Formulas and Factors, Appendix A Basic Ideas of Multistate Income Tax Planning

Day 4, Taxation of Corporations

11:00am – 12:30pm Eastern

  • Formation of a Corporation, Choosing an Accounting Method for a Corporation, Income: Dividends, Interest, Rentals, and Capital Gains, Expenses: Bad Debts, Rent, Taxes, Interest, Charitable Contributions, and Casualty Losses

12:30pm – 1:00pm Eastern

  • Lunch break

1:00pm – 5:00pm Eastern

  • Other Deductions: Prohibited Payments, Lobbying, Travel, and Entertainment, Economic Performance, Amortization, Depreciation, and Section 179, Reporting Tax Differences, Corporation Net Operating Losses, AMT, Corporation Tax Credits, Multiple Corporations

Day 5, Intermediate Individual Taxation

11:00am – 12:30pm Eastern

  • Gross Income: Compensation Issues and Nontaxable Employee Fringe Benefits, Employee Fringe Benefits, Retirement Plan Distributions, and Earned income Exclusions, Gross Income Exclusions, Hobbies and Passive Activities, Select Business Transactions: Methods of Accounting, Business Expenses, Home Offices, and vacation Homes

12:30pm – 1:00pm Eastern

  • Lunch break

1:00pm – 5:00pm Eastern

  • Section 199A: The Qualified Business Income Deduction, Depreciation and Amortization, Property Transactions: Gain and Loss Issues, Property Dispositions: Capital versus Ordinary Gains and Losses, Property Transactions: Nonrecognition Provisions, Adjustments to Income: Self-Employed Retirement Plans and IRAs, Net Operating Losses, Self-Employment Tax, and Alternative Minimum Tax
Who Should Attend
  • Experienced Staff
  • Tax Staff with 1-3 years of experience
  • Firms seeking consistent training and level setting
Attendance options
Online
Oct 26 - Oct 30, 2020
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$1,595.00
AICPA Members
Online
$1,195.00

Looking for group pricing?

We can help with group discounts. Call us at 1-800-634-6780 (option 2) or email us at groupconference@aicpa-cima.com

Contact us
Credit Info
CPE Credits
Online
27.5
NASBA Field of Study
Taxes
Level
Intermediate
Prerequisites
Tax Staff with 1-3 years of experience
System Requirements
View our system requirements here
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

Cancellation Policy
View our Cancellation policy here
Virtual Tax Boot Camp, Level 2: Experienced Staff [October 2020]
Oct 26 - Oct 30, 2020
Select from the following options:
Online
$1,595.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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