Tax Staff Essentials - Level 3, Tax Senior/Supervisor

Available Until Sunday, April 30, 2023


51.50 Credits

Member Price $565.00

Non-Member Price $705.00


Identify the more difficult areas for experienced tax compliance specialists by focusing on understanding business strategies and analyzing your client’s competitive position, then converting this knowledge into tax planning and business advice.

Increasing exposure to specialized tax niches will position your work force to capitalize on emerging cross-selling opportunities. Key subject matters covered include:

FASB ASC 740 and deferred income taxes Estates and trusts Tax-exempt organizations Real estate transactions Advanced S corporation concepts This level will give staff, seniors, and supervisors the confidence to begin assuming client and engagement management responsibilities.


  • Minimizing taxes for high-wealth clients
  • How new tax developments affect individuals
  • Using IRAs in strategic plans
  • S Corp current developments: tax planning impact
  • Use of qualified subchapter S subsidiaries(QSUB) and trusts (QSST)
  • Shareholder compensation planning
  • Types of Trusts and Trustee powers
  • Basic concept of estate planning
  • Advantages and disadvantages comparison of Business Entities
  • Business Acquisition basics
  • Asset versus stock based Transactions
  • Valuation considerations
  • In-depth look at Form 990 and all related schedules
  • Tax issues facing tax-exempt organizations
  • Positive communication skills for Leaders and Staff

Designed For

Tax Staff with 3-5 years of experience


  • Implement strategies for high-wealth clients, those approaching retirement, homeowners, parents of college-bound children, employees, self-employed individuals, and seniors.
  • Respond to tax-law and economic developments with up-to-date strategies that save taxes for individual clients.
  • Render appropriate federal income tax advice to clients who are separated, divorcing, or already divorced.
  • Identify circumstances that warrant converting from S to C corporation and gain a basic understanding of how to make the conversion.
  • Interpret tax issues related to the formation of a corporation.
  • Understand the complex rules of basis and distributions
  • Apply the rules related to acquisitions and liquidations of S corporations.
  • Explain the uses of trusts as S corporation shareholders.
  • Understand the concept of a trust and the various types of trusts.
  • Advise clients on filing requirements for Forms 706 and 709.
  • Identify the elements of an estate and grantor trusts
  • Understand the basic steps in a business acquisition
  • Analyze the three principle approaches to valuation of a business
  • Structure compensation alternatives for individual buyers and sellers
  • Prepare and use Forms 990, 990-EZ, and related schedules
  • Understand which organizations must file returns and which are exempt


The format for this self-study program is voiceover PowerPoint, audio and some video courses. You will receive an email from the AICPA with access information for this product.

Non-Member Price $705.00

Member Price $565.00