COURSE DETAILS
Duration
Three Days
Course Longevity
9 Years
Designed for
Future
tax specialists who want in-depth
tax training in
the issues of family-owned businesses and their
owners. Also, experienced accountants who desire
strong tax familiarity or a refresher in
the above
areas.
Experience
1- 3 years of tax experience
will benefit
the most
Delivery Method
Group-Live
CPE Credits
24
Hours - Three days (Lecture, case studies, and small
and large group discussion)
Prerequisites
Staff Training in Taxation - Level 1
and/or
one year or more of public
accounting experience preparing
corporate and partnership tax returns.
Refund
Policy
Refunds
are determined
on a
case-by-case basis
Course
Registration
Online at www.agn-na.org
Record
Retention Policy
The AGN office retains all
CPE
records for a minimum
of five years
Complaint
Resolution
Contact
Rita Hood,
AGN-NA Executive
Director
at
303-743-7880 |
|
| Chicagoland (tentative) |
Registration Deadline:
9/7/2012 |
| Registration: TBA |
Attendees List |
OBJECTIVE
To provide the accountant with 1 to 3 years of experience with comprehensive three day tax training course. Coverage includes closely-held corporations, an introduction to partnership taxation and an introduction to fringe benefits. All recent tax legislation will be emphasized throughout this course and any new legislation enacted prior to the presentation date.
Participants will be able to
- Gain a thorough understanding of federal income tax laws for C & S Corporations from incorporation, to tax return preparation issues and credits, through liquidations
- Recognize and handle alternative minimum tax income adjustments and preferences
- Accurately prepare S Corporation returns and reconcile book income to taxable income
- Identify and handle special corporate issues for personal service corporations, multiple corporations, excess earnings accumulation, and personal holding companies
- Advise clients on basic tax issues such as company retirement plans, compensation plans, and taxable and tax-free fringe benefit plans
- Understand the basics of partnership and LLC formation, operation, and liquidation
Corporate and Partnership Tax Training
- Overview and comparison of various forms of operating a business – Sole proprietor, C Corporation, S Corporation, Partnerships, and Limited Liability Company
- Tax-free incorporation procedures under §351, and initial year elections
- Accounting periods and methods available
- The benefits of §1202 and §1244 stock sales and losses
- Income and expense items receiving special treatment for tax purposes
- Alternative minimum tax overview including new depreciation adjustments
- Personal service corporations – four special rules
- Multiple corporations - identify brother-sister corporations and apply special rules
- Accumulated earnings and personal holding company penalty taxes
- Dividends, redemptions and liquidations
- S Corporations - in depth analysis from eligibility through operating rules and distributions
- Introduction to partnerships - from formation through operations to liquidation
- Introduction to employee fringe benefits, pension and profit-sharing plans (including SEPs, SIMPLEs, 401(k), MSAs, HSAs, and cafeteria plans)
- Compensation issues, taxable employee benefits, below-market rate loans and company owned autos
- Current developments are emphasized throughout this course
|
|
AGN International - North
America, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org |
