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Tax Staff Essentials, Level 1 - New Staff
Tax
CPE Self-study

Tax Staff Essentials, Level 1 - New Staff

Level 1 is designed to help beginning staff members develop a strong set of core skills. It focuses on individual and S corporation tax compliance plus professional business communications and more!

$499 - $689
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Taxes

Level

Basic

CPE Credits

57.5

Availability

2 years

Learning Outcomes
  • New rules for certain credits, deductions and qualified business income (QBI) deduction
  • Filing requirements and personal exemptions
  • Gross income inclusions, exclusions, and adjustments
  • Sole proprietorships, hobby loss rules and passive activities
  • Home offices, rental properties and vacation homes
  • Pass-through entity basis calculations
  • Pass-through entity distributions
  • Capital improvements and repair
  • Depreciation methods and IRS tables
  • Intangible asset amortization
  • Online tax research methodology and authoritative tax hierarchy
  • The power of professional language in business writing
  • Tax return support documentation
Key Topics
  • Analyze and report business income and expenses of a sole proprietorship or a single member LLC on Schedule C to the Form 1040
  • Interpret and report rental activities on Schedule E to the Form 1040
  • Identify the specific "passive activity" rules
  • Determine if a change of filing status will improve the taxpayers' filing position based on itemized deductions
  • Determine when an S corporation may be advantageous for a business, how to make a proper election, and the income/loss that passes through to the shareholder
  • Recognize active and passive income and determine material participation as it relates to an individual S corporation shareholder
  • Understand the impact of converting a C corporation into an S corporation
  • Distinguish between deductible repairs and capitalized improvements under new tax regulations
  • Calculate the initial tax basis and adjusted tax basis of business property
  • Determine the tax basis of self-constructed assets
Product Details

Help your junior staff establish a strong set of core skills

This series covers key areas to ensure your young tax force is well prepared to begin their careers. They'll learn about:

  • Individual, partnership and S corporation tax compliance
  • Effective online tax research techniques
  • Clear and precise workpaper documentation
  • Effective professional business communications

Your future tax professionals will also receive a broad range of practical tax instruction, including key issues surrounding:

  • Individual taxation
  • New cost and repair regulations
  • S corporation distributions
  • Items affecting shareholder basis
  • Passive activity loss rules, and more

Courses Include:

Note: These courses have been updated for the 2017 Tax Cuts and Jobs Act (TCJA) ("Tax Reform"). You'll have free access to a Course Supplement that provides an explanation of the key provisions of the TCJA (including topics not covered in your course).

Tax Staff Essentials is a comprehensive, integrated curriculum that provides tax training for four different experience levels and is available in four different formats: Online, On-site, Tax Schools and Webcasts.

Who Will Benefit
  • Junior accounting and tax professionals
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$689.00
AICPA Members
Online
$549.00
Tax Section Members
Online
$499.00

Looking for group pricing?

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Credit Info
CPE Credits
Online
57.5
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
Tax Staff with 0-2 years of experience
Access
Online
This is a digital product. You will have access to the content for 2 years after purchase date.
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. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For 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.

Tax Staff Essentials, Level 1 - New Staff
Select from the following options:
Online
$689.00
Nonmember Price
$689.00
Price excluding sales tax
$689.00
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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