Build Your Tax Team’s Confidence and Capability — On the Job
For experienced tax professionals looking to deepen their understanding of complex compliance considerations within the tax function, the Intermediate Corporate Tax Compliance program will take a detailed look into several key areas of focus, including consolidated returns, tax credits, tax controversy, and non-income tax issues. Participants will learn how pass-through entity reporting requirements differ from those applicable to corporations and they will explore numerous technical issues the tax department faces related to business development and planning. The program will also cover the impacts of international operations, including information reporting, disclosures and elections, foreign tax credits, and transfer pricing considerations.
What makes this training unique is the paced nature of the program (classes held every other week), live office hours with instructors on alternating weeks, and special guest lecturers who are expert practitioners that impart real-world scenarios and time-tested wisdom into the material. Online and instructor-led, access to program content is flexible and available through multiple devices, allowing working tax professionals to easily manage schedules and learn remotely. Our learning platform allows participants to connect and collaborate with peers and interact with instructors through Q&As and office hours. Step by step, the entire income tax compliance process is finally demystified.
Program Topics
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This class will offer a comprehensive exploration of the consolidated return area. It will include an in-depth discussion of attribution rules and cover various types of related party transactions. Topics will encompass an overview of highly technical regulations, along with the practical aspects of short-period returns and elections.
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This class highlights the differences between corporations and pass-through entities, such as partnerships and S-corporations. It will provide an overview of the reporting requirements and how they compare to corporate reporting. Participants will gain an understanding of the tax consequences of contributions and distributions, as well as an understanding of the flow-through concept.
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This class provides participants with an understanding of LB&I Active Campaigns (the successor to the Coordinated Issues). It will offer an overview of various options available to taxpayers, including Fast Track Settlements, the Compliance Assurance Process (CAP Program), Competent Authority, the Private Letter Ruling (PLR) process, and more. Additionally, this class will cover best practices regarding audit procedures and the appeals process.
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This class will offer an overview of many commonly claimed tax credits, including the Research and Development (R&D) credit, as well as various recently enacted energy-related tax credits. It will also include a discussion of the impact of the Section 174 research capitalization requirement on the R&D tax credit.
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This class will survey various topics commonly encountered in corporate business development and planning. These include: structuring as stock vs. asset acquisitions; the consequences of contingent consideration; installment sale treatment when payments extend beyond one tax year; bankruptcy and debt restructuring; the treatment of casualty losses and disaster situations; and like-kind exchanges. Additionally, the class will discuss what disclosures need to be made in the various scenarios.
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This class will discuss the various steps in the business development process and the tax department’s role in those steps. It will cover best practices in the due diligence process, understanding the opening day Balance Sheet (ODBS), classifying transaction costs, the potential limitations on tax attributes, and considerations regarding the integration of business operations.
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Participants will be introduced to various tax-free reorganizations. The class will also provide an overview of the check-the-box regulations. Additionally, discussions will cover the process and tax ramifications of establishing and liquidating corporations. Transfers to foreign corporations and the use of Gain Recognition Agreements (GRA) will also be included in the class.
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This class will provide an overview of the foreign tax credit (FTC) regime and considerations. It will also cover the concept of transfer pricing (TP), available methods, and potential challenges encountered in determining and defending TP positions.
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This class will cover the information reporting requirements for various structures of international operations, focusing on Forms 5471, 5472, and 8858. Discussions will include best practices in information gathering and reporting.
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This class will provide an overview of some of the taxes that businesses incur in the state and local area, in addition to income and franchise taxes. These include Sales & Use Tax (SUT), Gross Receipts Tax, and Property Tax. Additionally, the class will discuss the application of technology and automation to these non-income-based taxes.
Who is this program for?
- Experienced tax department team members with return review responsibilities.
- Professionals seeking to deepen their understanding of more complex tax compliance technical and reporting issues, business development, planning, reporting, and tax controversy matters.
- Tax and accounting department professionals with responsibility for non-income-based taxes.
CPE Credit
GTM 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 credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
FAQs
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Program participants will earn 1.5 CPE credit for every class they attend live. A total of 15 CPE credits are available to participants who attend the entire program live.
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Upon successful completion of each live class attended within the program, GTM Training Institute provides a verified digital certificate of completion granting CPE credit in accordance with NASBA standards.
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All classes will be recorded and available to registrants for viewing at their convenience. If you miss a live class, you will not be able to get CPE credit for that class. CPE credit is only issued when you participate in a live class.
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After successful completion of the program, a digital certificate from GTM Training Institute will be emailed to you in the name you used when registering for the program.
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Yes, discounts are available for two or more participants registering for the same session from your organization. Terms and conditions apply. For more information, speak with a GTM program ambassador.
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Once an organization expresses interest in enrolling one or more participants, a Services Agreement will be issued. When the signed agreement is returned, an invoice will be issued. Payment arrangements can be made to split the program fees over two fiscal years spanning the duration of the enrolled program session. Submit an inquiry to discuss in more detail.
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Yes, credit card payment is accepted. You can indicate your preference to pay by credit card in the additional comments field of the registration form.
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For the participant who enrolls in a program of study but discontinues attendance prior to completion of the program, the refund of any fees paid will be refunded as follows:
- Attend up to 2 classes: 100% refund
- Attend no more than 4 classes: 50% refund
- Attend 5 or more classes: 0% refund
