TIRNO12R00017.rtf

RTF text file 3 MB Posted Jun 8, 2012

Attached to: E-Learning Accounting and Tax Law Training
Solicitation number: TIRNO-12-R-00017
Issued by: Department of the Treasury Internal Revenue Service

About this file

From the source

Please respond to the attached Request for Proposals document.

Text of this file

OMB Control No. 1505-0081

SOLICITATION/CONTRACT/ORDER FOR COMMERCIAL ITEMS

OFFEROR TO COMPLETE BLOCKS 12, 17, 23, 24, & 30

1. REQUISITION NUMBER

J-2-J8-01-PA-A00 000

2. CONTRACT NO.

3. AWARD/EFFECTIVE DATE

4. ORDER NUMBER

5. SOLICITATION NUMBER

TIRNO-12-R-00017

6. SOLICITATION ISSUE DATE

06/08/2012

7. FOR SOLICITATION INFORMATION CALL:

a. NAME

HENDRIX, NICOLE M

b. TELEPHONE NUMBER (No collect calls) 202-283-2193

8. OFFER DUE DATE/ LOCAL TIME

07/09/2012 12:00 PM

9. ISSUED BY

CODE

IRS0088

10. THIS ACQUISITION IS

Internal Revenue Service 6009 Oxon Hill Road, Suite 500 Oxon Hill, MD 20745

UNRESTRICTED OR

SET ASIDE:

% FOR

SMALL BUSINESS

EMERGING SMALL BUSINESS

NAICS:611691

HUBZONE SMALL BUSINESS

SIZE STANDARD:

SERVICE-DISABLED

VETERAN-OWNED

SMALL BUSINESS

8(A)

11. DEVLIVERY FOR FOB DESTINATION

UNLESS BLOCK IS MARKED

12. DISCOUNT TERMS

13a. THIS CONTRACT IS A

RATED ORDER UNDER DPAS

(15 CFR700)

13b. RATING

SEE SCHEDULE

14.	METHOD OF SOLICITATION
	RFQ IFB RFP

15. DELIVER TO

CODE

IRS0088

16. ADMINISTERED BY

CODE

IRS0088

Internal Revenue Service 6009 Oxon Hill Road, Suite 500 Oxon Hill, MD 20745 Attn: Nicole M. Hendrix 202-283-2193 Internal Revenue Service 6009 Oxon Hill Road, Suite 500 Oxon Hill, MD 20745

17a. CONTRACTOR/

CODE

00055905

FACILITY

18a. PAYMENT WILL BE MADE BY

CODE

INVB030

OFFEROR

CODE

TO ALL OFFERORS

TO ALL OFFERORS, WV 99999

IRS Beckley Finance Center P.O. Box 9002 Tel: (304) 254-3300 Beckley, WV 25802

TELEPHONE NO.

17b. CHECK IF REMITTANCE IS DIFFERENT AND PUT SUCH ADDRESS IN OFFER

18b.	SUBMIT INVOICES TO ADDRESS SHOWN IN BLOCK 18a UNLESS BLOCK
	BELOW IS CHECKED.	SEE ADDENDUM

19.

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE

24.

AMOUNT

This is a combined synopsis/solicitation for commercial items prepared in accordance with the format in Subpart 12.6, as supplemented with additional information included in this notice. This announcement constitutes the only solicitation; proposals are being requested and a written solicitation will not be issued.

Period of Performance for Base Year: August

13, 2012 thru August 12, 2013

(Use Reverse and/or Attach Additional Sheets as Necessary)

25. ACCOUNTING AND APPROPRIATION DATA

26. TOTAL AWARD AMOUNT (For Govt. Use Only)

27a. SOLICITATION INCORPORATES BY REFERENCE FAR 52.212-1, 52.212-4. FAR 52.212-3 AND 52.212-5 ARE ATTACHED. ADDENDA ARE ARE NOT ATTACHED.

27b. CONTRACT/PURCHASE ORDER INCORPORATES BY REFERENCE FAR 52.212-4, FAR 52.212-5 IS ATTACHED. ADDENDA ARE ARE NOT ATTACHED.

28. CONTRACTOR IS REQUIRED TO SIGN THIS DOCUMENT AND RETURN 1

COPIES TO ISSUING OFFICE. CONTRACTOR AGREES TO FURNISH AND DELIVER

ALL ITEMS SET FORTH OR OTHERWISE IDENTIFIED ABOVE AND ON ANY ADDITIONAL

SHEETS SUBJECT TO THE TERMS AND CONDITIONS SPECIFIED HEREIN.

29. AWARD OF CONTRACT: REF. OFFER

DATED . YOUR OFFER ON SOLICITATION (BLOCK 5).

INCLUDING ANY ADDITIONS OR CHANGES WHICH ARE SET FORTH

HEREIN, IS ACCEPTED AS TO ITEMS:

30a.	SIGNATURE OF OFFEROR/CONTRACTOR
31a.	UNITED STATES OF AMERICA (SIGNATURE OF CONTRACTING OFFICER)

30b. NAME AND TITLE OF SIGNER (TYPE OR PRINT)

30c. DATE SIGNED

31b NAME OF CONTRACTING OFFICER (TYPE OR PRINT)

31c. DATE SIGNED

AUTHORIZED FOR LOCAL REPRODUCTION STANDARD FORM 1449 (REV. 3/2005) PREVIOUS EDITION IS NOT USABLE Prescribed by GSA - FAR (48 CFR) 53.212 19.

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE (US$)

24.

AMOUNT (US$)

(CONTINUE)

1 Credit Hour of CPE 0.00

2 Credit Hour of CPE 0.00

3 Credit Hour of CPE 0.00

4 Credit Hour of CPE 0.00

5 Credit Hour of CPE 0.00

6 Credit Hour of CPE 0.00

7 Credit Hour of CPE 0.00

8 Credit Hour of CPE 0.00

9 Credit Hour of CPE 0.00

10 Credit Hour of CPE 0.00

11 Credit Hour of CPE 0.00

12 Credit Hour of CPE 0.00

32a. QUANTITY IN COLUMN 21 HAS BEEN

RECEIVED INSPECTED ACCEPTED, AND CONFORMS TO THE CONTRACT, EXCEPT AS NOTED:

32b. SIGNATURE OF AUTHORIZED GOVERNMENT

REPRESENTATIVE

32c. DATE 32d. PRINTED NAME AND TITLE OF AUTHORIZED GOVERNMENT

REPRESENTATIVE

32e. MAILING ADDRESS OF AUTHORIZED GOVERNMENT REPRESENTATIVE 32f. TELEPHONE NUMBER OF AUTHORIZED GOVERNMENT REPRESENTATIVE

32g. E-MAIL OF AUTHORIZED GOVERNMENT REPRESENTATIVE

33. SHIP NUMBER

34. VOUCHER NUMBER

35.AMOUNT VERIFIED CORRECT FOR

36. PAYMENT

COMPLETE PARTIAL FINAL

37. CHECK NUMBER

PARTIAL

FINAL

38. S/R ACCOUNT NUMBER

39.S/R VOUCHER NUMBER

40. PAID BY

41a. I CERTIFY THIS ACCOUNT IS CORRECT AND PROPER FOR PAYMENT 42.a. RECEIVED BY (Print)

41b. SIGNATURE AND TITLE OF CERTIFYING OFFICER 41c. DATE

42b. RECEIVED AT (Location)

42.c DATE REC’D (YY/MM/DD)

42d. TOTAL CONTAINERS

STANDARD FORM 1449 (REV. 3/2005) BACK

19.

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE (US$)

24.

13 Credit Hour of CPE 0.00

14 Credit Hour of CPE 0.00

15 Credit Hour of CPE 0.00

16 Credit Hour of CPE 0.00

17 Credit Hour of CPE 0.00

18 Credit Hour of CPE 0.00

19 Credit Hour of CPE 0.00

20 Credit Hour of CPE 0.00

21 Credit Hour of CPE 0.00

22 Credit Hour of CPE 0.00

23 Credit Hour of CPE 0.00

24 Credit Hour of CPE 0.00

25 Credit Hour of CPE 0.00

26 Credit Hour of CPE 0.00

27 Credit Hour of CPE 0.00

28 Credit Hour of CPE 0.00

29 Credit Hour of CPE 0.00

30 Credit Hour of CPE 0.00

31 Credit Hour of CPE 0.00

FORM 1449 CONTINUE SHEET 1

19.

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE (US$)

24.

32 Credit Hour of CPE 0.00

33 Credit Hour of CPE 0.00

34 Credit Hour of CPE 0.00

35 Credit Hour of CPE 0.00

36 Credit Hour of CPE 0.00

37 Credit Hour of CPE 0.00

38 Credit Hour of CPE 0.00

39 Credit Hour of CPE 0.00

40 Credit Hour of CPE 0.00

50 Credit Hour of CPE 0.00

CPA EXAM Review Full Course - All Four Parts 0.00

CPA Exam Review - Regulation - Part I 0.00

CPA Exam Review - Auditing & Attestation 0.00

Part 2

CPA Exam Review - Financial Accounting & 0.00

Reporting - Part 3

CPA Exam Review - Business Environment & 0.00

Concepts - Part 4

Module Customization 0.00

Module Development 0.00

Period of Performance for Option Year One:

August 13, 2013 thru August 12, 2014

FORM 1449 CONTINUE SHEET 2

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE (US$)

24.

0.00

FORM 1449 CONTINUE SHEET 3

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE (US$)

24.

0.00

FORM 1449 CONTINUE SHEET 4

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE (US$)

24.

0.00

Period of Performance for Option Year Two:

August 13, 2014 thru August 12, 2015

0.00

FORM 1449 CONTINUE SHEET 5

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE (US$)

24.

0.00

FORM 1449 CONTINUE SHEET 6

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE (US$)

24.

0.00

FORM 1449 CONTINUE SHEET 7

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE (US$)

24.

0.00

Period of Performance for Option Year Three:

August 13, 2015 thru August 12, 2016

0.00

FORM 1449 CONTINUE SHEET 8

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE (US$)

24.

0.00

FORM 1449 CONTINUE SHEET 9

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE (US$)

24.

0.00

Period of Performance for Option Year Four:

August 13, 2016 thru August 12, 2017

0.00

FORM 1449 CONTINUE SHEET 10

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE (US$)

24.

0.00

FORM 1449 CONTINUE SHEET 11

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE (US$)

24.

0.00

FORM 1449 CONTINUE SHEET 12

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE (US$)

24.

0.00

FORM 1449 CONTINUE SHEET 13

Page of 91

SECTION I

SAMPLE MODULE DESCRIPTIONS

SUPPLIES OR SERVICES

Description of Supplies/Services A module dealing with Alternative Minimum Tax (AMT) should be based on the Internal Revenue Code, regulations, court cases, and pronouncements by the IRS - It should also be updated to include the most current provisions effective under the Economic Growth and Tax Relief Reconciliation Act of 2001 and subsequent changes. Upon successful completion of this module, the IRS tax law student’s understanding of AMT will be enhanced regarding topics such as: tax preferences and adjustments that trigger the AMT, the alternative elections that are available for reducing the AMT for certain preference and adjustment items and AMT credit concepts.

43A module dealing with alternative minimum tax (AMT) (Corporate) module must provide the IRS tax law student with working knowledge of the corporate AMT system. At a minimum, the module must include comprehensive examples that focus on the ACE adjustment, the changes made by the 1996 Small Business Act, the Taxpayer Relief Act of 1997, and the 1998 IRS Restructuring and Reform Act. Numerical examples should encompass the new law, and the small corporation exemption. Upon completion of such a module, the student will have an enhanced understanding of Common Corporate AMT Adjustments, AMT Adjustments for Depreciation, Adjusted Current Earnings Adjustment, Special Rules and Planning Ideas, and AMT Exemptions.

A module dealing with C Corporations (Income and Deductions) must provide IRS tax law students with a full review of the basics of gross income inclusions and exclusions as well as special areas of income and deductions applicable to C corporations in determining taxable income. Upon successful completion of this module, the student will posses a better understanding of Election of Accounting Methods and Tax Year, Capital Gains and Losses, Deductions Allowed for a Corporation, and Book-tax Return Differences and Income Tax Liability (Non-controlled Groups).

A capital gains and losses module must provide the student with the skills that will allow them to better manage cases involving capital losses as well as low-taxed capital gains. It should also include updates to the new law. Upon completion of this module, the student should have a better understanding of reduced maximum tax rate for long-term capital gains; character of capital gain-short vs. long term; section 1231; transactions where neither capital gain nor loss is recognized currently; capital gain not recognized currently; capital losses not recognized and partially/completely excluded capital gain.

A commercial bank taxation and regulatory issues introductory module must provide the IRS tax law student with an overview of the banking environment. In addition, it should include the basics of bank taxation and regulation and how to apply these principles toward tax planning and preparation for these specialized clients. Updates to the law are highly desirable. By the end of the module, the IRS student should be able to identify unique features of the banking industry, including functions and organizational structures, inter-bank transactions, and sources of risk; the role of government regulation in bank operation; the fundamental elements of the accrual method of accounting for taxable income; the character of gains and losses in bank transactions; the basic function of the IRS Industry Specialization Program and its impact on the banking industry. Additional topics should encompass the correct tax treatment of selected banking transactions, including interest expense and other specific bank deductions, and income items, such as: discount and premium obligations, nonperforming loans, foreclosures, deeds in lieu of foreclosure, and debt restructuring; the effect of electing Subchapter S for banks, including: Making the election tax effect to the bank and tax effect to the shareholders.

A module dealing with the concept of consolidated tax returns must answer questions regarding whether making or discontinuing the consolidated election, how to compute the taxable income or how to handle taxable losses. Upon successful completion of this module, an IRS tax law student will enhance his/her understanding of topics such as: The Affiliated Group, Administrative Rules, Accounting Periods and Methods, Reverse Acquisitions, Intercompany Transactions, Computing Taxable Income, Consolidated Losses and Basis Rules.

An update of corporate tax module must provide the latest updates in tax legislation, regulations and rules as they affect corporations as well as the new tax legislation covered by the Economic Growth and Tax Relief Reconciliation Act of 2001. Upon successful completion of this module, the IRS student will have a better understanding of the following topics: Corporate Tax, Corporate Alternative Minimum Tax, Corporate Distribution, Employee Benefits, and Other Corporate Provisions.

A depreciation modified ACRS module must provide a thorough, practical understanding of ACRS, MACRS, and ADS. The module must include examples of how to calculate alternative minimum tax depreciation and luxury automobile caps on annual cost recovery. Upon successful completion of this module, IRS students will have an enhanced understanding of Depreciation of Tangibles and Amortization of Intangibles; MACRS Recovery Period and Modifying Conventions; Allowable Depreciation Methods and the IRS Optional Tables; Short Tax Years and IRC ?179; Cost Recovery Limitations; Luxury Autos and Listed Property; and Alternative Depreciation System and Alternative Minimum Tax.

A Federal estate taxation module will enable IRS tax law employees that work with Federal Estate tax law cases to master all the latest changes in the federal estate tax as well as learn the liability for federal estate tax resulting from testamentary bequests. Upon successful completion of this module, IRS students will have a better understanding of Testamentary and Intestate Transfers, Types of Transfers, Deductions from Decedent's Taxable Estate, Estate Tax Calculations, and United States Estate (and Generation-Skipping Transfer) Tax Return.

A Federal gift tax module must provide the IRS tax law student with the rules surrounding taxation of gifts as a means to transfer assets from one generation to another; as well as pitfalls, and strategies to describing how to overcome them; and examples of all the key computations. Successful completion of this module, must provide the IRS student with a better understanding of Introduction to the Federal Gift Tax; Inter Vivos Transfers; Gift Tax Subjects; Computation of the Gift Tax; The Generation-Skipping Transfer Tax; Generation-Skipping Tax Calculations and Form 709; and the United States Gift (and Generation-Skipping Transfer) Tax Return.

An intercompany transactions tax treatment module must provide the IRS employee that already has basic, a more advanced understanding of corporate taxation and some experience with consolidated returns with skills to use a transactional approach to analyze and apply the rules in the final intercompany transaction regulations. The module will also provide examples on how to report the transactions properly, then plan transactions. Successful completion of this module, must markedly improve the IRS student’s understanding of Intercompany Transactions, The Matching Rule, Matching Rule Transactions, The Acceleration Rule, Distributions on Stock of Members, and Intercompany Obligations.

A module about tax update of the interest reduction tax rule must provide the IRS student with knowledge regarding the deductibility of various kinds of interest expense, from business interest to investment interest, home mortgage interest, etc. The module must have the most recent tax legislation. Successful completion of this module, must improve the IRS student’s understanding of Mortgage Interest, Investment Interest Expense, Unstated, Understated, and Below-Market Interest, Capitalized Interest and the Alternative Minimum Tax, Allocation of Interest and Self-Charged Interest.

A basic module of fundamentals of international tax law must include such topics such as importing, exporting, licensing, and opening foreign branches or foreign corporations as well as the tax ramifications of each. Successful completion of this module, will provide an IRS employee that deals with international tax law, a better understanding of Forms of Doing Business, Subpart F and the Foreign Tax Credit, Determination of Total Foreign Taxes Available for Credit, Source of Income/Allocation of Deductions Foreign Tax Credit Limitations, Foreign Personal Holding Companies (FPHCo) and Passive Foreign Investment Companies (PFIC) An advanced module dealing with the fundamentals of international tax law must provide the IRS employee working with international tax law with a mastery of international tax issues. This module must cover intercompany transfers, foreign sales corporations, and taxation of foreign persons. Successful completion of this module, must markedly improve the IRS student’s understanding of Outbound Transfers and International Reorganizations: Section 367; Intercompany Transfers, Foreign Sales Corporations (FSCs), Tax Treaties, Taxation of Foreign Persons, and Foreign Earned Income Exclusion.

An investment income taxation module will provide IRS tax law specialists with the rules for properly calculating original issue discount income that taxpayers must use to pay federal and state income tax. It is highly desirable that this module has the latest updates to the Economic Growth and Tax Relief Reconciliation Act of 2001 and covers topics such as proper tax reporting, income and expenses of mutual funds and Series EE Bonds, tax rules and calculations, and reporting requirements of interest income. Upon successful completion of this module, the IRS student will have a much better understanding of bonds, Series EE Bonds, mutual funds and investment interest and expenses.

A module dealing with individual retirement accounts (IRAs) must provide IRS tax law students with the numerous federal income tax provisions and rulings that concern contributions to, deductions for, transfers among, distributions from, and penalties associated with an IRA. Upon successful completion of this module, the IRS employee must have an enhanced understanding of Individual Retirement Accounts (IRAs), Regular IRA Contribution Rules, Transfers To, Between, and Through a Regular IRA, Distributions, Excise Taxes and the Reporting Requirements for IRAs.

A module of limited liability entities (LLPs LLCs) must provide a complete explanation of the structure, application, and special advantages of this relatively new business form. The IRS tax law student must learn when to use an LLC or an LLP as well as how best to make use of the special advantage it offers. Upon successful completion of this module, the tax law student must better understand the following topics: The Tax Treatment of LLCs, Capital Contributions and Distributions, Mergers, Conversions, and Dissolutions, Professional LLCs; LLPs; Foreign LLCs and LLPs, LLC or LLP versus Subchapter C or S Corporations, LLC, LLP, and Partnerships.

An oil and gas taxation module must provide the student with the details regarding the tax treatment of expenses incurred to acquire mineral rights, geological and geophysical expenditures, intangible drilling costs, cost and percentage depletion deductions, and the pool of capital theory which undergirds the tax-free sharing arrangements used in putting deals together. Upon successful completion of this module, the IRS tax law student must have an enhanced understanding of Acquisition of Mineral Properties, Unit of Property and Pre-Drilling Exploration Costs, Intangible Drilling and Development Costs, Depreciation and Depletion, Subleases and Sales, and Production Payments and Sharing Arrangements.

An advanced module in partnership taxation must teach an IRS partnership tax law specialist in-depth application and key issues of partnership taxation. The module must enhance the student’s knowledge of complex partnership taxation in order to enhance tax planning and return preparation. It is highly desirable that the module has the updated tax law. Upon successful completion of this module, the IRS partnership tax law student must acquire a better understanding of Distributions, Basis Adjustment to Partnership Assets, Liabilities and Risk of Loss, A Partner's Distributive Share of Partnership Income: Special Allocations, Special Allocations, Special Problems of Retiring and Deceased Partners and Family Partnerships.

A basic partnership taxation module must provide the IRS tax law student with the numerous tax laws and regulations in the area of partnerships, some of which are quite complicated. The module will introduce the student to the basic rules of partnership taxation from their formation to their termination. In addition it will provide insights and details about the taxable income of partnerships, as well as how the partners report their share of the income. Upon successful completion of this module, the partnership tax law student will acquire a better of Partnership Formations, Fundamentals, Operations, and Terminations; Partnership Basis and Loss Determination, Partner-Partnership Transactions, Sales of Partnership Interests and Distributions.

A passive losses module must provide an up-to-date coverage of the ever-changing area within the tax code. It will provide a tool to understand Section 469 that limits and controls any deductions for passive losses by the taxpayer. Upon successful completion of this module, the IRS tax law student must have a better understanding of Taxpayers Subject to Passive Loss Rule, Identifying Separate Activities and Material, Participation, Rental Activities Phase-Out/Phase-In and Passive Losses and Credits, Other Dispositions and the Recharacterization of Net Passive Income.

An IRS tax law student taking a module about purchasing and selling a business must learn the considerations for both the buyers and sellers of businesses as well as the planning of the sale with the regulatory issues and tax effects for unincorporated businesses and corporations. Upon successful completion of the module, the student must have an enhanced understanding of the following topics: The Unincorporated Business; Principles of Valuing the Closely Held Business; Leveraged Stock Acquisitions; The NOL and Other Tax Attributes of an Acquired Corporation; Acquisition of Corporate Stock or Assets; and Purchase and Sale of a Partnership Interest and Stock in an LLC.

A retirement income taxation module must enable an IRS tax law student to build upon concepts related to IRA and retirement income tax law as well as tie into the provisions in the Taxpayer Relief Act of 1997 and how the affected excise taxes were/are impacted. Upon successful completion of this module, the IRS tax law student must have a much better understanding of other topics related to excise tax such as Early Distribution Excise Tax, Exception to 10% Excise Tax, Minimum Distribution Excise Tax, Excess Contribution Excise Tax, and Reporting Requirements for Excise Taxes.

An S corporations module must provide an IRS tax law student with the salient features of an S corporation, as well as details of how to make an S corporation election, revenue income from passive sources, allowable taxable years, and tax treatment. Upon successful completion of this module, the student must have enhanced his or her understanding of the requirements for S corporation Status and how the S corporation election is made, Taxation of the S Corporation and Other Special Rules, Adjustment to Basis of Stock and Indebtedness of Shareholders, Distributions by an S Corporation, and Termination-Allocation of Income/Loss.

A small business Schedule C & F expenses module must provide the IRS tax law student the opportunity to examine what is and is not deductible, the capitalize versus deduct issues, recordkeeping, and the various types of business expenses. Upon successful completion of this module, the student will have a much better understanding of Personal and Business Expenses, Depreciation, Employee Expenses, Travel and Entertainment, Farm Expenses and Retirement Plans.

A module of the Subchapter C (fundamentals of corporations) must provide the IRS tax law student the opportunity to examine the life-cycle approach from creation of the corporation to distributions and redemptions. The student must also be able to understand corporate formations and the effects on shareholders and corporations. Upon successful completion of this module, the student must have a much better understanding of Corporate Formations: Effect on Shareholder, Corporate Formations: Effect on Corporation, Corporate Formations: Liabilities Transferred, The Corporation's Capital Structure, Distributions, and Other Redemption Issues.

An accounting for derivatives & hedging activities module must include detailed coverage of FASB Statement 133, as amended by FASB Statements 137 and 138. In addition the module must cover: qualifying criteria of fair value and cash flow hedges and how to account for them; designation of certain intercompany derivatives as hedging instruments in cash flow hedges of foreign currency risk, and identification of foreign-currency-denominated assets and liabilities as hedged items in fair value or cash flow hedges. Upon successful completion of this module, the IRS tax law student must have an enhanced understanding of: fair value hedges, cash flow hedges, and foreign currency hedges.

An accounting for income taxes module must provide the IRS tax law student with a comprehensive examination of the various underlying concepts upon which FASB 109 is built. Other important topics that must be covered in depth include temporary and permanent differences, measurement of deferred tax assets and liabilities, computation of current and deferred income tax expense or benefit, balance sheet classification, income statement presentation, tax-planning strategies, and required disclosures. Upon successful completion of this module, the student must have a better understanding of recognition and measurement, valuation allowance and tax-planning strategies, applicable tax rates, income statement presentation, and required disclosures.

An accounting for leases must provide the IRS tax law student with knowledge related to leveraged leases, real estate leases, and lease classification-no matter what area of lease accounting is involved, and this module should offer expert guidance and instruction. Upon successful completion of this module, the student must have an enhanced understanding of basic lease concepts, accounting and reporting by lessees, accounting and reporting by lessors, sale-leaseback accounting, leases that involve real estate, accounting for subleases and changes due to refunding of tax-exempt debt and leveraged leases.

An accounting for liabilities module must provide the IRS tax law student a detailed presentation of contingencies, unconditional purchase obligations, imputed interest on debt, and other liability topics. Upon successful completion of this module, the student must have a better understanding of the following topics: contingencies (SFAS 5), Imputed Interest on debt, debt with equity features, troubled debt restructuring (SFAS 15, 114), unconditional purchase obligations (SFAS 47), extinguishment of debt (APB 26; SFAS 4, 64, 125), and the financial instruments project.

An accounting for pensions module must provide the IRS tax law student, at a minimum, with complete, current coverage of the standards of accounting and reporting of pensions and required disclosures in employers' financial statements. Upon successful completion of this module, the students must have a better understanding of topics such as attribution of periodic pension costs, new minimum pension liability, actuarial and ERISA considerations, settlements and curtailments of defined benefit pension plans, and termination benefits.

IRS tax law students taking an audit risk assessment module must increase their effectiveness with audit risk assessment. At a minimum, the module should include up-to-the-minute, thorough topic coverage of preliminary audit planning, internal control structure, and effective use of analytical procedures in audit risk assessment. Upon successful completion this module, students must have a much better understanding of topics such as: audit efficiency and planning the audit engagement, planning the audit and risk management, analytical procedures in assessing audit risk, and statements on auditing standards affecting risk assessment.

An “audit sampling” type module must provide IRS tax law auditors with an introduction to audit sampling as well as classical variables sampling to PPS sampling for substantive testing purposes. Upon successful completion of this module, the student must have an enhanced understanding of: introduction to audit sampling, attributes sampling for tests of controls, variables sampling for substantive purposes, classical variables sampling for substantive purposes, estimation techniques and sampling considerations, probability-proportional-to-size (PPS) sampling for attributes purposes, PPS sampling for substantive testing purposes, and offer an overview and summary of audit sampling.

IRS tax law auditors must benefit from an auditing update module that will update their skills in addition to obtaining an accurate update on SAS 62 through SAS 87. At a minimum, this module should cover communicating with audit committees, specified elements and compliance with contractual agreements, and the effect of using a service organization and service auditor's reports, and consideration of fraud in a financial statement audit. Upon successful completion this module, the student will have a much better understanding of statement on auditing standards (SAS) 62, 65, 67, 69-71, 74, 75, 77-85, and 87.

A cash flow module must provide IRS tax law students with comprehensive, updated and concise overview of the topic (FASB 95) as well as miscellaneous reporting requirements and reviews statement of cash flow procedures. Upon successful completion of this module, the students must have an enhanced understanding of statement of cash flows, basic reporting requirements, investing activities, financing activities, and operating activities.

A compilation and review module must provide, at minimum, clear explanations of compilations and reviews highlighted addressing sections on SSARS 2, 3, 4, and 6. Upon successful completion of this module, students will have an enhanced understanding of: the review engagement, compilation and review engagements, compilation and review engagement administration, SSARS standards, interpretations of SSARS literature, problems in compilation and review engagements, and other comprehensive bases of accounting.

A computer fraud module must address detection and deterrence as related to fraud. The module must provide IRS tax law students with insights as to how and why computer fraud is perpetrated. Upon successful completion of this module, the student must have an enhanced understanding of the definition of computer fraud, computer fraud techniques, computer viruses and worms, how to prevent and make computer fraud more difficult to commit, and how to detect and prosecute computer fraud.

An FASB update module must provide IRS tax law students with a thorough, accurate update on selected FASB statements and interpretations. It must also include detailed discussion related to accounting for transfers and servicing of financial assets and extinguishments of liabilities, exemption from certain required disclosure about financial instruments for certain nonpublic entities, reporting comprehensive income, derivatives, FASB 124, 126, 136, and 138, and much more. Upon successful completion of this module, the student must have a much better understanding of FASB statements 124 through 138 and FASBIN 43 and 44.

A fraud detection module must address the responsibilities of the auditor with respect to fraud. It must also discuss the symptoms of fraud and methods that can be used by the auditor to uncover clues when fraudulent acts may have occurred. Upon successful completion of this module, an IRS tax law auditor must have an enhanced understanding of who is responsible for fraud. In addition the student must learn analytical procedures and unusual relationship analysis methods; accounting fraud detection techniques; organizational and relationship (party/related) fraud detection; and personal conduct, informants, lifestyle, and corporate culture analysis and assessment of a case.

A fraud prevention module must provide the IRS auditor with details and descriptions of the various types of accounting fraud including management fraud, employee fraud, external fraud, and investment fraud. Upon successful completion of this module, the student must have a better understanding of the different types of fraud, fraud prevention and detection techniques.

An internal control for auditors and managers module must provide theoretical, expanded, in-depth discussion of internal controls. At a minimum, the module must provide insight of control activities, risk assessment in relation to the control environment, information/communication/monitoring. Upon successful completion of this module, IRS auditors and managers must have an enhanced understanding of the following topics: internal control theory (based on the COSO study), the components of the control system, the control environment and risk assessment, control activities and cost, information and communication, and monitoring and internal controls.

A module of internal controls for auditors and managers related to evaluation techniques and tools must provide IRS auditors and managers, internal controls methodology such as matrix analysis, flow charts, and audit risk. Successful completion of this module must enhance the student’s understanding of the following topics: internal control questionnaires, flowcharts and matrix analysis, COSO’s illustrative methodology, SAS 47, optimization of the methods, training, scoping, and evaluating.

A module dealing with OMB Circular A133 (Single Audit) must provide the IRS tax law student with details regarding the use and implementation of the single audit from the proposal and planning stages through risk assessment and compliance. Upon successful completion of this module, the student will have a much better understanding of pre-engagement activities and proposals, planning and audit performance.

An auditing module that will teach IRS auditors how to improve and automate tax audits using software applications. The module must detail how to create a paperless auditing environment based on the real-life experiences utilizing off-the-shelf hardware and software.

An “activity-based costing” (ABC) module must provide comparative approaches to the traditional costing to ABC methods. The module must also include topics in both manufacturing and service companies and their unique costing problems. Upon successful completion of this module, IRS tax law students must have enhanced their understanding of: traditional overhead costing (unit-based costing), pitfalls of unit-based costing, defining activities-the “a” in ABC, costing units-the “c” in ABC, and pitfalls and future of ABC.

An introduction to the health care industry module must cover the seven types of health care entities and the accounting and reporting for each type. The module must also include the financial statements, the effects of SFAS 116 and 117, and audit considerations, as well as specifics about financial and operational analysis. The module should include a variety of printable supplements. Upon successful completion of this module, IRS tax law students must have a better understanding of: characteristics of health care organizations, accounting and reporting for health care providers, accounting and reporting for CCRCs and providers of prepaid health care services, financial and operational analysis and audit considerations.

A personal Income Tax (Form 1040) module must cover basic through advanced issues that tax preparers confront when preparing Federal Income Tax Form 1040. This module should enable students to better handle taxpayer questions and problems. The module(s) must cover the filing statuses for married and unmarried taxpayers and the rules for claiming dependents on tax returns; how to report wages, salaries, and tips. In addition, the module must review interest, dividends, alimony, and the taxpayer's responsibility for reporting unearned income. The training must also include Schedule A-itemized deductions, taxation of Social Security benefits, pensions and annuities, and how to report them on income tax returns, as well as the basic rules surrounding IRAs; Form 4684-casualties and thefts. Income tax training. Business and property income intermediate to advanced topics that must be included in the personal federal income tax training are: business and property income; how to better understand the rules regarding the sale of a personal residence, as well as the deductibility of moving expenses on Form 3903-moving expenses; how a taxpayer reports his/her business income on Schedule C (Form 1040)-profit or loss from business, including an explanation of the rules for depreciating personal property and real property; as well as coverage of the Section 179 expense deduction. The more advanced Federal personal income tax training must include advanced tax issues income tax training: transportation expenses and two of the methods used to calculate these expenses-the regular method (actual expenses) and the standard mileage rate (optional method). Other advanced topics to be included are: business-related expenses, such as sales, travel, and home-office expenses; rental income from real property, royalties, and other income that must be reported on schedule E; amended returns, due dates, estimated taxes, and penalties, and an overview of current tax law changes.

A fringe benefits and employment taxes module must provide IRS tax law students with training about incidental fringe benefits under the Tax Reform Act of 1984 and the Revenue Reconciliation Act of 1993. The training must provide details about the qualifications and taxation associated with the incidental fringe benefits under IRC ?132 including the line of business limitations and discrimination rules. Upon successful completion of this module, the IRS student must have enhanced his or her understanding of employee benefit taxation, line of business limitation, discrimination rules and incidental fringe benefits.

A comprehensive module that trains IRS tax law students and managers how to write a business plan must cover all aspects of developing business plans Thorough attention must be given to sales revenue, production, research and development, marketing and distribution, and sales administration. The program also examines writing financial plans and implementing business plans. Upon successful completion of this module, the IRS student’s understanding of the business plan; assumptions and objectives; the business plan for sales; production, R& D, and marketing and distribution; feedback and business plans for the sales department; the administrative department the financial plan, and the completed business plan must be enhanced.

A module designed to train IRS employees how to build and deliver powerful presentations must improve the employee’s skills and confidence in speaking before groups. The module must focus on content and delivery techniques enhancing presentation power and impact. Upon successful completion of this module, students should have a better understanding and grasp of components of a powerful presentation (e.g. Introduction, Organize the Presentation, Put Substance and Punch into your Presentation, Visual Aids, Delivery Techniques, and The Question-and-Answer Session/Group Meetings).

A fraud auditing module, for IRS tax law auditors, must include examples of the procedures or actions undertaken by an auditor to ascertain the facts of a fraud, including how it was committed and the extent of the related loss. Upon completion of this module, the student must have a better understanding of fraud investigation theory and strategy, evidence and documentary evidence, people, physical, observation, and invigilation evidence; interviews and interrogations, searching records, and using computers to detect and audit fraud.

An accounting for stock-based compensations module must provide up-to-date specifics of this program. At a minimum, the module must include employee stock purchase plans, tax consequences of equity instruments, and accounting for fixed stock options. Upon successful completion of this module, an IRS tax law student must have a much better understanding of: fair value accounting, option-pricing models measurement methods, recognition of compensation cost, settlements of awards and tax issues EPS implications and required disclosures, and intrinsic value method of APB Opinion 25 (as interpreted by FASB Interpretation 44).

A taxation of community property module must especially benefit the IRS tax law student dealing with community property state cases. This module must cover how the state in which a taxpayer is domiciled affects the decision to file jointly or separately, when a marital community is created (and ended), and how various items of income are treated depending on whether a state follows Texas or California rules. The module should also include topics dealing with cases of taxpayers that have separate property in a community property state, who gets the exemptions and deductions on separate returns, and who pays self-employment tax on separate returns. Upon successful completion of this module, the student must have a much better understanding of who is subject to community property laws and community property tax returns.

A module designed to train IRS tax law auditors regarding the consideration of fraud in a financial statement audit (SAS 82) must provide the IRS auditors with operational guidance on the consideration of fraud when a financial statement audit is conducted, and the audit is effective after December 15, 1997.

An overhead allocations module must be designed for IRS tax law students that have a basic familiarity with accounting financial statements and processes. Upon successful completion of this module, the student, at a minimum, will have reviewed the behavior of overhead costs, examined various methods of separating mixed variable and fixed overhead costs.

An introductory module to investment companies must provide IRS tax law students with the basics on investment companies, their regulation and taxation, and the applicable accounting rules. Upon successful completion of this module, the students will have a better understanding of the following: The investment company industry, Accounting rules and policies, Investment income, shareholder accounting, expenses and other accounts Investment company qualification and taxation, reporting and regulation.

A module dealing with securities brokers/dealers, their functions, and how the various regulatory acts affect their activities must provide the IRS tax law student with a comprehensive view of this topic. Upon successful completion of such a module, the IRS tax law student must have a better understanding of topics such as: the business reasons for and the activities of brokers and dealers in securities; how various regulatory acts affect the activities of broker/dealers; the accounting and reporting of broker/dealers' operations; and the key differences between auditing a broker/dealer and any other commercial enterprise.

An IRS tax law student with a basic familiarity in tax accounting must require a module that provides training in uniform capitalization rules of IRC 263A. The module must address when the rules of financial accounting principles apply, what costs must be capitalized, how costs are allocated to assets, and self-constructed assets, and capitalization of interest. Upon successful completion of this module, the IRS tax law student must have a better understanding of the following topics: uniform capitalization; types of costs capitalized; cost allocation techniques; the producers' simplified methods of allocations and allocations by resellers; capitalization of interest; matching interest and production expenditures; and changes in UNICAP methods.

A tax module explaining the personal income tax law must allow an IRS tax law student to review the changes resulting from the various tax acts of recent years. Upon successful completion of this training, the IRS taw law student must have a better and updated understanding of the following topics: principal residence sales; individual retirement accounts; Roth IRAs; capital transactions; small business provisions; tax credits; and IRS Reform and Restructuring Tax Acts.

A module dealing in the basic concepts of business valuation must provide IRS tax law students with training from an accountant’s point of view. The module must provide examples of valuations for estate planning and tax purposes as well as information to help understand the problems associated with using financial statements of closely held firms for various valuation purposes; and the professional understanding of which valuation method is most appropriate for specific purposes. Upon successful completion of this module, the IRS tax law student must acquire an enhanced understanding of the following topics: closely held business valuation; comparable companies; adjusted net assets method; capitalization rates and capitalization of earnings method; the excess earnings (Treasury) method; and the discounted earnings method IRS tax law auditors must benefit from a module that covers the accounting and auditing issues related to real estate transactions found in SFAS 66 and 67. At a minimum, the module must include costs of real estate projects and the capitalization of interest. Upon successful completion of this module, the IRS auditor must have an enhanced understanding of the following topics: retail land sales and profit methods; financial statement presentation and disclosure requirements; audit issues related to real estate sales and exchanges; related-party transactions and the use of appraisals; acquisition, development, or construction (ADC) arrangements; and real estate investment trusts (REITs).

A module dealing with higher educational investment and tax relief must provide the IRS tax law student with a variety of details related to educational incentives resulting from recent tax legislation and the applicable tax rules that are available for pre-college, undergraduate, graduate and, in some cases, continuing professional educational expenses. Upon successful completion of this module, the IRS tax law student must have a better understanding of topics such as: hope and lifetime learning credits; education IRAs; regular and Roth IRAs; qualified state tuition program; bonds, gifts, and grants; deductible educational expenses.

An introductory food and beverage industry module must provide the IRS business tax law student with an overview of the industry and will introduce the trainee to industry-specific terminology and how food and beverage companies conduct their businesses. Upon successful completion of such a module, the IRS tax law student acquire an enhanced understanding of the following topics: the means by which one of the largest worldwide industries conducts business; the power of retailers; terminology commonly used throughout the industry; some of the accounting; and auditing standards that apply particularly to this industry.

An introductory module about the pharmaceutical industry must provide the IRS business tax law student with a general background of the industry, how products are made and approved, and business risks specific to this sector. Upon successful completion of this module, the IRS business tax law student must acquire a much better understanding of the following topics: pharmaceutical manufacturers; regulations; changes in product demand; technology issues; strategies risk audit and tax planning issues; module description; and book-to-tax differences.

A module about retail industry must provide IRS business tax law students with an understanding of the retail industry, including outside regulations and the effects of technology and e-commerce on retail businesses. At a minimum, this training must teach the student to differentiate between the strategies used by various types of retailers, and how to identify the accounting, auditing and reporting considerations relevant to the retail industry. Upon successful completion of this module, the IRS business tax law trainee must have a better understanding of: structure of the retail industry; external forces; technology and e-commerce; sectors and strategies; accounting and auditing considerations; and financial analysis of a retail business.

An introductory module about the automotive industry must provide the IRS business tax law student with an overview of the industry’s diverse components that include: design, production,…

This is the start of the file's text. The full file is on GovTribe.

Other files

File	Type	Posted
TIRNO12R00017-A0001.rtf	RTF text file	Jun 25, 2012

On GovTribe

Work with this file

Download the original file
Contacts named in this file
Similar government files
Ask GovTribe AI about this file

Try for free Login

File details come from the government source that posted it. Updated Nov 14, 2017.