Accounting for income taxes is now a complex set of standards with computational difficulties and confusion. Particularly relating to private companies. A practical approach is shown to navigate the maze, simplify basic calculations, and clarify financial statements. Includes a review on the impact of the 2017 Tax Reform Act on calculations.
Sample Schedule M calculations. Sample work papers for deferred tax computations. Comprehensive two year example and computations. Review and analysis of recurring temporary differences. Identification of the sources to compute “cumulative temporary differences”. Sample workpapers for analysis of tax positions.
CPAs, accountants and financial professionals.
Develop a practical approach for the application of the basic elements of income tax accounting under FASB codification 740. We will dispel the myths surrounding deferred income taxes, and provide useful approaches and numerous computations. Identify basic recurring transactions that result in book-tax differences for private companies, and how to accumulate the needed information to simplify the computations. Recognize tax positions taken in tax returns and how those positions are to be evaluated for purposes of accruing the related tax benefits in the financial statements.
Mr. Ristaino is a partner in a local firm and is Director of Accounting and Auditing and quality control. He has over 30 years experience in public accounting. He manages a diversified practice including construction and real estate, healthcare, manufacturing, governmental auditing (including single audit and HUD), transportation, travel, and not-for-profit organizations. He also has extensive experience in compliance auditing for both the public and private sector.
Mr. Ristaino has authored and presents numerous professional education programs around the country and is a former professor of tax law at Villanova and Philadelphia Universities. Gene is a member of the Peer Review Committee for the Pennsylvania Institute of Certified Public Accountants, and is a team captain for the Peer Review Program of the AICPA.
Non-Member Price $200.00
Member Price $150.00