Fundamentals of PowerTax

Newly updated for the new tax reform changes, this course goes through a systematic approach for processing the cycle of tax compliance using PowerTax. There is an emphasis on controls and data/system integrity as well as using the system effectively. The book to tax processing is discussed, including data from the Tax Repairs module.

Topics:

• Data Organization and Navigation
• Maintaining Tax Accounts
• Applying Bonus Depreciation qualification changes as it relates to the new tax law
• Calculating Tax Basis, Depreciation and Gain/Loss
• Pre-Processing Issues
• Effective Use of Cases
• Preparing Cases for New Activity
• Loading Activity Using Interfaces
• Loading Activity Using Import Tool
• Reporting