ONESOURCE Income Tax Training




    Product:
    ONESOURCE Income Tax
    Category:
    CS; RS, RS
    Title:
    State Intermediate WebWorkshop
    Class Number:
    0224
    Class Type:
    Hands-on WebWorkshop
    Program Level:
    Intermediate
    Date:
    02/09/2010 - 02/10/2010
    Time:
    09:00 AM - 04:00 PM CST
    Hours:
    12
    Price:
    $1000 Per Person
    Prerequisites:
    Attendees should have a basic understanding of corporate tax return preparation using ONESOURCE Income Tax, either through the Domestic Income Tax Workshop or by preparing State Consolidated Returns using ONESOURCE Income Tax. Students should also be familiar with a Microsoft Windows environment.
    Description:
    Are you ready to go beyond the basics of state return preparation? This specialty workshop will give you the opportunity to delve deeper into key state processing concepts. Through a combination of lecture, discussion and hands-on exercises you will learn how to optimize your system set up to get the best processing efficiencies. Best practice discussions for A&A, modifications, throwbacks and setting options will help guide your decisions around processing procedures. Exercises giving you hands-on experience with handling specific scenarios such as state NOLs, consolidations and divisional consolidations will focus on key states that are commonly cited as causing issues. Use the state e-File discussion to begin development of your e-File success checklist. Last, but not least, throughout the information packed 2 days, you will be encouraged to share your insights into state processing with peers!

    Topics
    This course covers:
    · Detailed A&A and State TI Workpaper Topics
    o Optimal Setup for different scenarios
    o Handling State NOLs, bonus depreciation, throwbacks
    · Estimate and Extension Best Practices
    o How and where to enter data
    o Printing
    · Combined vs Consolidated
    o Special state rules
    · Divisional Consolidations
    o How to use the decision tree
    · Setting Organizer Options
    o When to use them
    o Which options take precedence
    · Review and Troubleshooting Techniques
    o Special print conditions
    o How and where to find additional information
    · State e-File
    o Best practice data input procedures
    o Troubleshooting

    Course Objectives

    · Understand how state charts affect calculations and can be customized to accommodate company or industry specific processing

    · Understand state automatic calculations and impact of sub-category mapping to automatic tax return lines

    · Understand calculation implications of Tax Estimate Options and how to select options for calculations and print

    · Identify special state rules that apply to state consolidations

    · Know how to use the ONESOURCE Income Tax divisional consolidation decision tree to determine best practices

    · Identify special state situations that require Organizer data entry

    · Identify system troubleshooting tools and understand how and when to use each one

    · Understand state e-File procedures and steps

    · Know how to troubleshoot state e-File issues
    Delivery Method:
    Group Internet-based
    Maximum CPE Credits (If CPE is available):
    12 In accordance with the standards of the National Registry of CPE Sponsors, CPE credits are based on a 50-minute hour.
    CPE Field of Study:
    Specialized Knowledge
    CPE Category:
    Hands-On
    Class Maximum:
    10
    Seats Available:
    6
    Location:
    Address:
    City, State Zip:
    WebEx, WebWorkshop
Thomson Tax & Accounting, Corporate Software & Services 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 addressed to the National Registry of CPE Sponsors,
150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site: www.nasba.org.