Tax Staff Essentials Level 4 - Tax Manager/Director

Advanced technical training in core tax concepts

Managers and directors are provided the tools to offer clients additional tax services. These trainings are designed to:

• Improve and increase proficiency levels
• Elicit a higher level of customer satisfaction
• Potentially increase firm service fees

Level 4 contains the advanced technical level of training to allow your firm to expand its ability to offer professional services to new and existing clients.

Key areas covered include:

• Advanced topics in partnership taxation
• Advanced topics in S corporation taxation
• International taxation
• Tax planning for small businesses and their owners

Designed for all experienced tax professionals

Whether you wish to expand 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.

Course materials allow professionals to work through real-life, application-based scenarios.

Courses include:

• Advanced Taxation Partnerships and LLCs
• Advanced Taxation S Corporations
• International Taxation
• Tax Planning for Small Businesses

Updated for the latest in tax legislation

Tax Staff Essentials courses are updated regularly to provide insight into topical issues in taxation, including the effects of SECURE 1.0, SECURE 2.0, and related regulations.

Who Will Benefit

Tax managers and directors who have a background in taxation

Key Topics

• Adjustments to the basis of partnership or LLC assets
• Sale of an interest in a partnership or LLC
• Basis in S corporation stock
• Qualified subchapter S subsidiaries
• Foreign tax credit
• Anti-deferral regimes
• Accounting methods
• The tax life of a business
• SECURE 1.0 and SECURE 2.0

Learning Outcomes

• Calculate what a partner will receive in complete liquidation of their partnership interest under Section 704(b) regulations.
• Identify the potential economic consequences of special allocations to a partner or LLC member.
• Apply rules related to an S corporation’s earnings and profits.
• Evaluate the rules concerning fringe benefits received by and expenses incurred by S corporation shareholder-employees.
• Identify the U.S. taxation of fixed, determinable, annual, or periodical income of foreign persons.
• Identify the U.S. taxation of effectively connected income of foreign persons.
• Identify important tax considerations for the small business at each stage of its life.
• Calculate the qualified business income (QBI) deduction, built-in gains (BIG) tax, and the deduction for organizational costs and start-up costs.