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Tax Staff Essentials, Level 2 - Experienced Staff
CPE Self-study

Tax Staff Essentials, Level 2 - Experienced Staff

Stay up to date with the latest tax law changes. These courses provide a link to a frequently updated tax supplements page.

$560 - $799
Do you have an AICPA membership? Log in to apply your member discount.



NASBA Field of Study




CPE Credits



2 years

Product Number


 Business & partner 
Product Details

Help your junior staff establish a supervisory role within the firm.

Junior and senior staff can establish a strong set of skills in order to work with greater independence and expand their role in your firm. Level 2 will broaden their tax knowledge in the areas of the following:

  • Multistate taxation
  • C corporations
  • Accounting methods and periods
  • Choice of entity

Key subject matters covered include inventory valuation and property transactions, which are essential for servicing more complex clients.

Courses Included

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

Who Will Benefit

Experienced staff members

Key Topics

  • Individual income tax rates
  • Corporate tax rates
  • Pass-through income rules
  • The qualified business income (QBI) deduction
  • New rules for certain credits and deductions
  • C corporation formation and Section 1244 stock
  • Corporate net operating losses
  • Salaries, employee benefits, and retirement plans
  • Taxation of property transactions under IRC Sections 1231, 1245, and 1250
  • LLC formation and check-the-box rules
  • Partnership and LLC profit and loss allocations
  • Multistate income apportionment and allocation
  • Nexus, UDITPA, and the MTC
  • Section 263A, inventory methods
  • Choosing an accounting method
  • Accounting method changes

Learning Outcomes

  • Identify the benefits of forming a corporation.
  • Recognize reasonable compensation issues with respect to a closely held business.
  • Analyze the best retirement plan recommendation for a corporation.
  • Identify how partnerships and LLCs opting to be treated as partnerships will report their federal taxable income to the IRS.
  • Determine the tax basis of assets transferred to a partnership or LLC at formation.
  • Recognize how to explain the deferral of realized gain or loss on a like-kind property exchange.
  • Recognize the potential impact of depreciation recapture.
  • Recognize the allowable inventory valuation methods for tax purposes and how to choose the most beneficial in various scenarios.
  • Estimate the tax value of ending inventory under the chosen method.
  • Identify and apply the basic rules for a change in accounting method.
  • Distinguish how to prepare federal Form 3115, Application for Change in Accounting Method, and understand how and when this form should be filed by the taxpayer.
  • Recognize the key principles of multistate taxation.
  • Distinguish differences between apportionment and allocation of income.
  • Identify how to develop basic approaches to state income tax planning with emphasis on the latest developments in economic nexus.
Credit Info
CPE Credits
NASBA Field of Study
Tax Staff with 1-3 years of experience
This is a digital product. With full paid access the content will be available to you for 2 years after purchase date.
For more information, please refer to CPE requirements and NASBA sponsorship information
Do you have an AICPA membership? Log in to apply your member discount.
AICPA Members
Tax Section Members

Group ordering for your team

2 to 5 registrants

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6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at

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The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Tax Staff Essentials, Level 2 - Experienced Staff
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