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The WSCPA will be closed Monday, May 27th in observance of Memorial Day.

ISCPA Tax School 2024 WEBCAST - presented by the Idaho Society of CPAs

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32.0 Credits

Member Price $1,040.00

Price will increase by $400 after 6/17

Non-Member Price $1,040.00

Price will increase by $400 after 6/17

Overview

The Ultimate Toolkit for Junior Tax Staff.

The ISCPA Tax School 2024 content will help you establish core skills and expand practical tax knowledge, including key issues surrounding recent changes to taxation of pension plans and IRS distributions, Medicare payroll tax, NIIT, S corporation distributions, items affecting shareholder basis, passive activity loss rules and much more.

This 4-day experience includes 5 complete courses and covers key areas to ensure the newest members of the tax force are well prepared to begin their careers and support their firms.

NOTE: This course is not applicable for the Season Ticket or Coupons.

Highlights

Day 1 - Individual Tax Fundamentals

  • Filing requirements and personal exemptions
  • Gross income inclusions, exclusions, and adjustments
  • 0.9% Additional Medicare Payroll Tax
  • 3.8% Net Investment Income Tax, and more!

Day 2 - S Corporations: Key Issues, Compliance and Tax Strategies

  • S corporation qualifications
  • Election of S corporation status
  • Termination or revocation of S corporation status
  • Pass-through of income and loss items to the shareholder, and more!


Day 3 - Tax Fundamentals of LLCs and Partnerships

  • Basic tax structure of partnerships and LLCs
  • Electing to be taxed as a partnership: "Check-the-box" rules
  • Partnership distributions
  • At-risk and passive activity limits, and more!

Day 4  - Capitalized Costs and Depreciation

  • Tax basis of property acquisitions
  • Initial basis of property acquired in an exchange transaction
  • Materials, supplies, repairs, and improvements
  • Accounting method changes, and more!

Day 4 - Taxation of Property Transactions

  • Sections 1231, 1245, 1250
  • Depreciation recapture
  • Capital gains and losses
  • Non-recognition transactions

Prerequisites

None.

Designed For

  • Junior accounting and tax professionals.
  • Beginning staff members who want to develop a strong set of core skills.

Objectives

Provide a comprehensive education about tax fundamentals for early-career tax staff in a series of 5 complete courses.

  • Individual Tax Fundamentals
  • S Corporations: Key Issues, Compliance and Tax Strategies
  • Tax Fundamentals of LLCs and Partnerships
  • Capitalized Costs and Depreciation
  • Taxation of Property Transactions

Preparation

None.

 

Leader(s):

Leader Bios

William Taylor, Surgent McCoy Self-Study CPE LLC

William (Bill) F. Taylor is president of Renasant Bank in Water Valley, Mississippi and an Employee Benefit Advisor for Renasant Financial Services. He is the author of several books and his articles have appeared in numerous publications. Taylor has been an employee benefit and investment consultant for over 20 years, beginning his career as the Employee Benefits Coordinator in the Jackson office of KPMG Peat Marwick and managing his own firm for 10 of those years. He is a nationally known consultant and speaker and has conducted seminars for the American Society of Pension Professionals and Actuaries, over 40 states’ CPA and Bar associations, and other organizations. He was awarded the Outstanding Discussion Leader award in 2008. Taylor graduated from the University of Mississippi with a B.B.A. in Banking and Finance and a Master of Accountancy in Taxation.

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Non-Member Price $1,040.00

Member Price $1,040.00