Build Your Tax Team’s Confidence and Capability — On the Job
The tax department plays a unique role within a company’s finance area. As such, tax departments face unique challenges. This program equips participants with the foundational technical and professional skills necessary to contribute to the workings of a busy corporate tax function. The program covers essential compliance functions. Illustrative examples simplify complex technical topics into practical how-to steps and introduce a methodical approach to problem-solving that promotes collaboration and incorporates process efficiencies.
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 teaches an understanding of the general roles and functions of a tax department, as well as an understanding of internal and external partners and stakeholders.
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Participants gain an understanding of the basics of the compliance process, including the basic concepts of book-tax differences.
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This class introduces the overall process for identifying and documenting common permanent adjustments. Specifically, it teaches a hands-on approach to understanding book and tax treatment of an item, how to calculate the book-tax difference, and the tax return presentation of each item.
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An extension of the prior class, this class continues to lead participants through the identification of specific permanent differences with a focus on the calculation and presentation of the adjustments.
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Participants learn the concept of the all-events test and the application of it in compensation-related deductions. The focus of this class is on calculation and presentation.
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This class introduces the recurring item exception and the impact that it has on the deductibility of accruals and reserves.
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This class features a discussion of the various methods available for depreciating fixed assets, as well as a discussion of intangible assets and the cost recovery methods used for tax purposes. Participants engage in a discussion of repairs and maintenance regulations and coverage of cash tax strategies such as cost segregation studies.
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Participants gain an understanding of the overall calculation of gains and losses with explanations and examples of the distinctions between capital gains and losses and ordinary income recapture. This class includes discussion of impairment of assets.
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This class teaches participants the hierarchy of tax authorities, the judicial remedies available to taxpayers, the basics of the research process, and examples of the situations necessitating research.
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Participants gain practical tips on workpaper preparation and process efficiencies. This class features the various self-review steps a preparer should take before passing work to a reviewer.
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Participants learn carryover attributes that impact current year tax payable. Estimates and extensions are also discussed.
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Participants gain an understanding of what entities can file a consolidated federal return; what common adjustments need to be made when filing in this manner; and the practical implications of these concepts on the compliance process.
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This class introduces common disclosures, statements, and elections that may need to be included in a taxpayer’s income tax return.
Who is this program for?
- Early career tax team members
- In-house tax professionals that are expanding into income tax compliance
- Those that have recently transitioned into a corporate tax role
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 19.5 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
