Tax Staff Essentials, Level 4

Tax Staff Essentials, Level 4 - Tax Manager/Director (41.5 CPE Credits) gives your managers and directors the tools they will need to offer existing clients additional services. It will improve and increase their proficiency levels, eliciting a higher level of customer satisfaction, with the potential to increase firm service fees. Tax Staff Essentials Level 4 contains the advanced technical level of training your firm needs to maintain and improve its core competencies. As your firms leaders expand their levels of expertise, so does your firm expand its ability to offer its professional services to new and existing clients.


Key areas covered include IRS audits, international tax, advanced topics in partnership taxation and accounting for deferred taxes, and individual and small business tax planning. Whether you wish to grow 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.


Note: This course has been updated for the Tax Cuts and Jobs Act (TCJA) of 2017 ("Tax Reform"). Included with your course, you will have free access to a specially-prepared Course Supplement that provides an explanation of the key provisions of TCJA (including topics not covered in your course).


Courses Included:





IRS Audits

Advanced Taxation Partnerships & LLCs

International Taxation

Advanced Income Tax Accounting

Tax Planning for Small Businesses

Individual Tax Planning



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


Key Topics





New individual income tax rates

New corporate tax rates

New pass-through income rules

The qualified business income (QBI) deduction

New rules for certain credits and deductions

Advanced aspects of ASC 740 including accounting for business combinations and other purchase transactions and stock compensation under ASC 718

Sale of an interest in a partnership or LLC

Adjustments to basis of partnership/LLC assets

Advanced distribution rules

Allocation of income under Section 704(b)

Foreign branch and affiliates

U.S. withholding taxes on foreign business

Types of IRS audits

RAR: Revenue Adjustment Report

Accounting for audit adjustments

Individual tax planning

Small Business tax planning



Learning Objectives





Apply the complex rules of ASC 740 (SFAS No. 109 and FIN 48) to new and challenging situations

Apply ASC 740 to ASC 805, Business Combinations, and ASC 810, and non-controlling Interests in Consolidated Financial Statements

Determine the applicable tax rate for complex situations

Determine the consequences of selling a partnership or LLC interest

Make elections to protect partners and LLC members from unwelcome future consequences arising from current distributions, sales, and/or transfers of interests in the partnership

Learn how to calculate the basis of partnership or LLC following distributions of multiple properties

Understand how to comply with U.S. tax reporting requirements for inbound and outbound transactions and operations

Learn how income is sourced to a foreign jurisdiction

Determine when to challenge IRS requests

Understand IRS audit techniques, inquiries, and appeal rights

Manage the information document request process and evaluate the contents of a revenue agent report (RAR)

Learn specific ways to reduce your individual and small business clients tax bills



Credit Info 





CPE CREDITS: Online: 41.5 (CPE credit info)

NASBA FIELD OF STUDY: Taxes

LEVEL: Advanced

PREREQUISITES:  Tax Staff with over 5 years of experience

ADVANCE PREPARATION: None

DELIVERY METHOD: QAS Self-Study

COURSE ACRONYM: TSE.Level 4



Online Access Instructions


A personal pin code is enclosed in the physical packaging that may be activated online upon receipt. Once activated, you will gain immediate online access to the product.


System Requirements


AICPA’s online CPE courses will operate in a variety of configurations, but only the configuration described below is supported by AICPA technicians.


A stable and continuous internet connection is required. In order to record your completion of the online learning courses, please ensure you are connected to the internet at all times while taking the course. It is your responsibility to validate that CPE certificate(s) are available within your account after successfully completing the course and/or exam.


Supported Operating Systems:





Macintosh OS X 10.10 to present

Windows 7 to present



Supported Browsers:





Apple Safari

Google Chrome

Microsoft Internet Explorer

Mozilla Firefox



Required Browser Plug-ins:





Adobe Flash

Adobe Acrobat Reader



Technical Support: Please contact service@aicpa.org.