Tax Staff Essentials Level 2 - Experienced Staff

Stepping into a supervisory role

Tax professionals can establish strong skills to work with greater independence and expand their roles. Level 2 will broaden their tax knowledge in the following areas:

• Multi-state taxation
• Individual taxation for small business owners
• Property taxation
• C and S corporation taxation

Comprehensive upskilling across tax topics

Level 2 is designed to touch on a broad array of tax topics. Some topics may be new to junior staff. Others introduce advanced concepts in areas with which they might already be familiar.

Courses include:

• Multi-State Taxation
• Taxation of Property Transactions
• Intermediate Individual Taxation
• Taxation of Corporations

The latest in tax legislation

Tax Staff Essentials courses are updated regularly to cover topical issues in taxation, including the effects of SECURE Act 1.0 and 2.0, the Inflation Reduction Act, and more.

Who Will Benefit

Experienced tax staff in public accounting and in industry

Key Topics

• Nexus, UDITPA, and MTC
• Income apportionment and allocation for multi-state tax purposes
• Depreciation recapture
• Nonrecognition transactions
• Retirement plan distributions
• Individual tax credits
• Qualified business income
• Net operating losses

Learning Outcomes

• Distinguish between income tax and sales tax nexus.
• Apply the tests for determining business and nonbusiness income.
• Determine the tax basis of property received in a like-kind exchange.
• Determine the components of the traditional Massachusetts formula.
• Determine whether an activity is passive or active.
• Recognize how material participation affects the taxation of an activity.
• Identify property transaction provisions that apply to installment sales, inherited property, and other capital assets.
• Analyze the tax-saving opportunities and requirements with respect to Section 1244 stock.