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2026 AICPA Tax School - Level 2 (3 days) - Webcast

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24.0 Credits

Member Price $980.00

Non-Member Price $980.00

Overview

The Ultimate Toolkit for Mid-Level Tax Staff

The 2026 AICPA Tax School Level 2 expands the depth and breadth of your staff's tax knowledge through a series of courses designed to strengthen your firm and accelerate professional growth.

This 3-day experience includes four complete courses covering key areas to equip staff with the confidence and skills to work more independently and take on greater responsibility.

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

Some sessions IRS CE approved

OSCPA has partnered with the Idaho Society of CPAs for this event.

Highlights

Day 1 - Advanced Tax Planning S Corporations

For those who have mastered the basics of the S corporation form, this course delves deep into the tax effects that various types of distributions will have on an S corporation's shareholders. This session, updated for the effect of H.R. 1, commonly referred to as OBBBA, examines planning and reporting successful complex S corporation transactions. The uses of qualified subchapter S subsidiaries are also explored to help minimize client tax bills with winning strategies related to this type of entity.
  • 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
Objectives:
  • Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders.
  • Calculate gain and loss on the distribution of property.
  • 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 for S corporations.
  • Evaluate the effects of a shareholder's death on the S corporation.
  • Calculate the Section 199A deduction.

Day 2 - Advanced Taxation Partnerships & LLCs

Subchapter K, which covers partnership taxation, is extensive and always subtly changing. Course materials cover the rules and regulations, including explanations of advanced concepts, needed to effectively serve business and individual partner clients. This session can help participants master the advanced concepts of partnership taxation, enabling them to provide clients with valuable advice and tax planning strategies. Updated with the most recent legislation and IRS guidance affecting partnerships and LLCs, this course will guide participants through the complicated world of advanced partnership and LLC tax law.
  • 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
Objectives:
  • 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)

Clients want help with present and future business services. Which tax planning strategies are best for corporate and small business clients? Updated with the latest legislation and IRS guidance on tax reform, this session answers the tough questions and shows participants which strategies are best for these clients. It uses a case-study approach to explore opportunities for businesses and how the tax practitioner can continue to add value for their clients. Discussions will include traditional and new planning opportunities due to the latest tax legislation, including H.R. 1, commonly referred to as OBBBA, SECURE 2.0, as well as regulations and other guidance from the IRS and U.S. Treasury Department.
  • The tax life of a business
  • Selecting a business entity type
  • Section 199A and the qualified business income deduction
  • Accounting methods
  • Compensation of owners and hiring family members
  • Reasonable compensation
  • Depreciation, including Section 179 and bonus depreciation
  • Transactions with owners
  • Buy-sell and noncompete agreements
  • H.R. 1, commonly referred to as OBBBA
  • SECURE 2.0
  • Retirement plan strategies for late-stage business owners
  • Starter 401(k) plans and SIMPLE plan enhancements
Objectives:
  • 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.
  • Apply the four tiers of business losses for noncorporate taxpayers.
  • Analyze which activities of a taxpayer are subject to self-employment taxes.

Day 3 - Estate & Trust Primer (afternoon)

This session examines the tax obligations of estates and trusts and how these obligations affect beneficiaries. It provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms. Participants will learn how to protect clients' assets and shield clients' estates from increased taxation brought about by the changing tax code. Additionally, they'll learn about the effect of H.R. 1, commonly referred to as OBBBA, on estate and trust taxation.
  • Types of trusts
  • Trustee powers
  • Recognition and realization of income
  • Elements of an estate
  • Taxation of trusts and estates
  • Basic concepts of estate planning
Objectives:
  • Identify the elements of a trust.
  • 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.

Prerequisites

Completion of AICPA Tax School Level 1 or equivalent knowledge and experience

Designed For

Experienced tax staff in public accounting

Objectives

Provide advanced, in-depth tax planning education for experienced public accounting professionals through four comprehensive courses focused on complex entities and strategic client planning.

Leader(s):

Leader Bios

Brian Gosline, AICPA

Brian Gosline, CPA, JD, is out of Spokane, WA and his primary practice is in individual, corporate, partnership and estate and gift taxation and planning as well as valuations.

Brian received his BBA and JD 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 CPA 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 is a member of the Association of International Certified Professional Accountants. Brian 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 has been named an Outstanding Discussion Leader by the AICPA on multiple occasions.

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 and Master of Science in Taxation Faculty of the Year for 2016-2017.

(2/16/26)

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Non-Member Price $980.00

Member Price $980.00

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