ISCPA Tax School 2025 - Level 2

Register Now
  • Date/Time
    • Jun 16, 2025 - Jun 18, 2025
    • Sign In: 8:45am (MT)
    • Day 1: 9:00am - 5:00pm (MT)
    • Day 2: 9:00am - 5:00pm (MT)
    • Day 3: 9:00am - 5:00pm (MT)
    • Add to Calendar
  • Location
    • ISCPA Enrichment Center
      1649 W Shoreline Drive #202
      Boise, ID 83702
    • Map
  • Credits
    • 24.00
  • Credit Type(s)
    • Taxes (Technical) (24.00)
  • Prerequisites
    • Completion of ISCPA Tax School Level 1 or equivalent knowledge and experience

  • Vendor
    • AICPA
  • Level
    • Advanced
  • Fields of Study
    • Taxes
  • Message
    • ATTENDING In Person

Description

 

The Ultimate Toolkit for Mid-Level Tax Staff

that saves you $205!

The 2025 ISCPA Tax School Level 2 will expand the depth and breadth of your staff's tax knowledge with a series of courses designed to strengthen your firm by encouraging staff independence.

This 3-day experience includes 4 complete courses and covers key areas to ensure the your staff has the confidence and skills to work with greater independence and to expand their roles.

  • Advanced Tax Planning S Corporations
  • Advanced Taxation Partnerships & LLCs
  • Tax Planning for Small Businesses
  • Estate & Trust Primer

IRS CE approved

Designed For

  • Experienced tax staff in public accounting and in industry

Objectives

  • Advanced Tax Planning S Corporations
  • Advanced Taxation Partnerships & LLCs
  • Tax Planning for Small Businesses
  • Estate & Trust Primer
    • each day may be registered for individually if you cannot attend all three days - see related events

  • Day 1 - Advanced Tax Planning S Corporations
    • Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders.
    • Calculate gain and loss on the distribution of property.
    • Apply the distribution ordering rules when an S corporation has accumulated earnings and profits.
    • Evaluate the rules concerning fringe benefits received by and expenses incurred by S corporation shareholder-employees.
    • Apply the rules relating to qualified subchapter S subsidiaries (QSubs).
    • Assess the corporate reorganization rules on S corporations.
    • Calculate the Section 199A deduction.
  • Day 2 - Advanced Taxation Partnerships & LLCs
    • Calculate what a partner will receive in complete liquidation of their partnership interest under Section 704(b) regulations.
    • Identify the potential economic consequences of special allocations to a partner or LLC member.
    • Distinguish between "book" allocations required under Section 704(b) and "tax" allocations required under Section 704(c).
    • Identify the potential tax consequences when a partner or LLC member makes a contribution of appreciated or depreciated property to the entity.
    • Distinguish among the various methods prescribed by the regulations to make required special allocations with respect to contributed property.
    • Distinguish between recourse and nonrecourse liabilities of a partnership or LLC.
    • Calculate the basis of each property received by a partner or member receiving multiple properties in liquidating and nonliquidating distributions from a partnership
      or LLC.
    • Recognize which properties will receive a step up or step down in basis when multiple properties are received from a partnership or LLC.
    • Assess when a partnership or LLC should make a Section 754 election to allow it to increase or decrease the basis of its assets.
    • Assess the consequences for the buyer associated with the sale of an interest in a partnership or LLC.
  • Day 3 - Tax Planning for Small Businesses (morning)
    • Identify important tax considerations for the small business at each stage of its life.
    • Calculate the qualified business income (QBI) deduction, built-in gains (BIG) tax, and the deduction for organizational costs and start-up costs.
    • Differentiate the advantages available for small businesses based on entity type.
    • Analyze which activities of a taxpayer are subject to self-employment taxes
  • Day 3  - Estate & Trust Primer (afternoon)
    • Identify the elements of a trust.
    • Determine where a trust has situs.
    • Recognize the difference between principal and income as defined by the Uniform Principal and Income Act (UPAIA).
    • Identify tax payment and reporting requirements for estates and trusts.
    • Distinguish between simple trusts and complex trusts.
    • Determine when a grantor has a reversionary interest
    • Recall how pooled income funds are taxed.
    • Recall the filing requirements for estates and trusts.

Highlights

  • Day 1 - Advanced Tax Planning S Corporations
    • Basis in S corporation stock
    • Distributions
    • Compensation planning
    • Qualified subchapter S subsidiaries
    • Liquidations, reorganizations, and redemptions
    • Estate planning and the use of trusts
    • Section 199A
  • Day 2 - Advanced Taxation Partnerships & LLCs
    • Allocation of partnership and LLC income under IRC Section 704(b)
    • Allocations with respect to contributed property - Section 704(c)(1)(A)
    • Allocation of partnership recourse liabilities under Section 752
    • Allocation of partnership nonrecourse liabilities and related deductions under Sections 752 and 704(b)
    • Advanced distribution rules
    • Adjustments to the basis of partnership or LLC assets
    • Sale of an interest in a partnership or LLC
    • "Hot" assets and Section 751 (a)
    • Section 754 elections; Sections 734(b) and 743(b) adjustments - Section 708 technical termination
  • Day 3 - Tax Planning for Small Businesses (morning)
    • Starting a business - the tax life of a business
    • Selecting a business entity type
    • SECURE Act 1.0 and 2.0
    • Section 199A and the qualified business income deduction
    • Accounting methods
    • Compensation of owners - hiring family members
    • Reasonable compensation
    • Depreciation, Section 179 and bonus depreciation
    • Transactions with owners
    • Buy-sell and noncompete agreements
    • Exiting the business - special exit techniques
  • Day 3  - Estate & Trust Primer (afternoon)
    • Types of trusts
    • Trustee powers
    • Recognition and realization of income
    • Elements of an estate
    • Taxation of trusts and estates
    • Basic concepts of estate planning

Advanced Prep

  • Manual
    • If you did not purchase a printed manual, download it from your upcoming events in "My CPE" on website, and bring it with you
    • If you did purchase a printed manual and would also like an electronic copy be sure to download it

 

If you need this reported to the IRS for CE credit, email CPE@idcpa.org

Register Now

Or Attend Online

Leaders

Brian Gosline

Brian Gosline, CPA, JD Spokane, WA

2015 AICPA OUTSTANDING DISCUSSION LEADER AWARD RECPIENT

BRIAN G. GOSLINE's primary practice is in individual, corporate, partnership and estate and gift taxation and planning as well as valuations. Mr. Gosline received his B.B.A. and J.D. degrees from Gonzaga University in Spokane. He is a member of the Washington State Bar Association and Spokane County Bar Association. Mr. Gosline is a C.P.A. and is a Past President of the Washington Society of Certified Public Accountants and formerly served on the Board of Directors and as Chair of numerous WSCPA Committees. He was also a member of Council of the American Institute of Certified Public Accountants, the governing body of the 412,000 member AICPA. Mr. Gosline was President of the Gonzaga University Alumni Board of Directors and a member of the Gonzaga University Board of Regents. He has served as an officer and member of numerous boards of financial institutions, non-profit and charitable organizations and is a Past President of Spokane South Little League. He has spoken before various groups on corporate and individual tax matters as well as estate and gift taxation and has written numerous articles for national and local publications involving various issues of income, estate and gift tax planning. He was named an Outstanding Discussion Leader by the AICPA for 2015. Since 1990, he has been an adjunct professor of federal taxation and business law at the Gonzaga University Graduate School of Business where he was named MACC Faculty of the Year for 2010-2011.

← Back to List