Income Tax Accounting WEBCAST
Overview
With case studies of actual scenarios and custom worksheets, this course provides a real-world approach to learning the rules of ASC 740, Income Taxes. You get exposure to all the fundamental topics of income tax accounting, including deferred tax accounts, temporary and permanent differences, and uncertain tax positions.
Highlights
Permanent and timing differences. Income tax expense. Effective tax rate. Current income tax liability. Deferred income tax assets and liabilities. Uncertain tax positions. Tax benefits for carryforwards. Reporting and disclosure under ASC 740.
Prerequisites
Basic knowledge of ASC 740.
Designed For
Staff and senior associates in public accounting who assist clients with income tax calculations and disclosures.
Objectives
Identify and classify deferred tax assets and deferred tax liabilities. Recognize how to schedule temporary differences to future tax periods. Recognize the financial and tax auditing consideration for uncertain tax positions. Identify the components of income tax expense. Identify the need for a valuation allowance.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Dennis Riley, CuttingEdgeCPA.com LLC
Dennis Riley, CPA, MBA specializes in the tax and business needs of individuals, families and entrepreneurial small businesses. He has more than 25 years of experience in accounting, consulting, tax preparation, and government representation. The AICPA’s CPA Vision project identified him as an early adopter of new technology and new integrations of accounting and consulting information. Dennis’s experience includes a range of services including negotiations with federal and state government tax authorities, offers in compromise, closing agreements, strategic business plans, litigation support, record reconstruction, business formation and dissolution, problem solving and tax preparation. He has resolved multiple-year filing issues, organization issues and business transition problems. He is a frequent lecturer on topics related to taxation and closely held businesses.
Non-Member Price $320.00
Member Price $270.00