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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Preparer

Date & Time
  • event Date

    Monday, January 22, 2024

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$197.00
CPE
ALL

This course will enable new and seasoned tax professionals to perform tax research more efficiently. The presenters will identify reliable and accessible internet resources available to facilitate the performance of tax research. They will also explain the fundamentals of documenting a tax research issue.

Faculty

Daniel Mayo
Partner
Withum Smith + Brown, PC

Mr. Mayo has more than 20 years of professional tax experience as well as experience in federal, international and financial products taxation. He is a member of Withum’s National Tax Services Group and oversees the U.S. Federal income tax research, planning and review functions. Mr. Mayo is experienced in mergers and acquisitions, capital markets and cross-border transactions.

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Mfon Akpan
Assistant Professor of Accounting
Methodist University

Dr. Akpan, DBA, CGMA, is an Assistant Professor of Accounting at Methodist University. His primary teaching responsibilities include Financial Accounting, Auditing, and Fund Accounting. Dr. Akpan is dedicated to enhancing the field of education, with a particular emphasis on Accounting, by integrating technology into his teaching and research endeavors. His recent publications, “The Elon Musk Effect: How community initiative spending impacts earned social media valuation” and “Cluster Analysis of share price: How firm characteristics relate to accounting metrics,” reflect his profound interest in the evolving dynamics of the financial world and their implications on accounting practices.

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Description

With today's extensive internet resources, practitioners are more likely to rely on the simplicity of free internet tools, as well as commercial tax research providers. There is a plethora of information available, including low-cost and no-cost resources for federal tax research, along with related tools such as calculators. Tax professionals who are aware of the available and reliable sources can research tax issues more efficiently.

Understanding how to use the tools available and effectively research a tax issue is critical. Following the necessary steps and understanding the levels of authority are essential to useful research. The methodology includes establishing the facts, identifying the issue, locating, and evaluating relative authority, developing conclusions, and finally--and of primary importance--communicating and documenting the results. New staff and staff without adequate tax expertise may not understand how to analyze and prioritize conflicting results adequately.

Listen as our experienced presenters review reputable Internet resources and discuss the best practices for complex tax research activities.

Outline

  1. Tax research today
  2. Internet resources for federal tax research
  3. Role of AI in tax research
  4. Performing tax research
    1. Establishing the facts
    2. Identifying the issue
    3. Locating tax authorities
    4. Evaluating and applying results
    5. Communicating the findings

Benefits

The panel will review these and other important issues:

  • What are the levels of authority?
  • What reliable resources are available for federal tax research?
  • What other sites are available to assist tax practitioners?
  • Caveats of AI's use in tax research
  • How do you prepare a tax memorandum?

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify the necessary steps of tax research
  • Determine how to access authoritative federal sources on the internet
  • Distinguish between reliable and nonreliable resources
  • Ascertain which source has greater authority

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of pass-through taxation, including taxation of partnerships, S corporations and sole proprietorships, qualified business income, net operating losses and loss limitations; familiarity with net operating loss carry-backs, carry-forwards and carried interests.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).