ASC 740 Income Tax Accounting Challenges in 2013

Tackling Valuations of Deferred Tax Assets, Tax Expense and UTP Reporting, and Other Issues

Recording of a 110-minute CFP webinar with Q&A


Conducted on Tuesday, May 28, 2013
Recorded event now available


This teleconference will prepare corporate tax professionals and tax advisors to anticipate challenges with valuing deferred tax assets and other activities governed by ASC 740. The panel will provide insights on defensible analyses and decisions in a range of income tax accounting activities.

Description

Corporate tax professionals confront a number of complex challenges in properly accounting for income taxes under ASC 740. Perhaps the toughest issue involves creating valuation allowances and making disclosures about deferred tax assets such as NOLs, but that is far from the only hurdle.

Tax specialists must also employ a methodical approach to analyzing and reporting uncertain tax positions, calculate both current and deferred income tax expenses or benefits, and take a proper approach to intra-period allocations, among other challenges. All of these activities are governed by ASC 740.

Tax professionals will benefit from an improved understanding of the technical requirements of ASC 740, an analysis of the most difficult compliance challenges that typically arise with income tax accounting, and best practices employed in making defensible decisions in this area.

Listen as our panel of experienced tax and valuation advisors explores the primary issues faced by taxpayers with ASC 740.

Outline

  1. Review of terms of ASC 740 and related guidance
  2. Particular issues arising with income tax accounting, and best compliance practices
    1. Valuing and reporting deferred tax assets
    2. Analyzing and reporting uncertain tax positions
    3. Reporting current and deferred income tax expense and balance sheet items
    4. Deciding on appropriate intra-period allocations
    5. Current auditor red flags

Benefits

The panel will explore key issues with these and other relevant topics:

  • Deferred tax assets and liabilities: Sources, calculations, allowances, disclosures and more.
  • Uncertain tax position analyses: Reviewing and evaluating UTPs, determining classification, accruing interest and penalties, and more.
  • Reporting income tax expense and balance sheet items: Calculating both the current and deferred expense or benefit.

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Upon completing this seminar, you will be better prepared to deal with a range of issues arising under ASC 740 and able to leverage the observations and alternatives offered to deal with these decisions.

Faculty

Douglas Sayuk, Partner
Clifton Douglas, San Jose, Calif.

He specializes in tax and compliance services for multi-national public companies and venture capital-backed, pre-IPO businesses. He is a recognized expert in ASC 740 accounting matters and previously worked with PricewaterhouseCoopers in San Jose.

Cindy Frank, Senior Director, Tax Process Efficiency and Technology
BDO USA, Phoenix

She has more than 20 years of public accounting experience with a particularly heavy emphasis on ASC 740 accounting and FIN 48 tax positions.

Jeffrey Zawada, Director
FreedMaxick CPAs, Buffalo, N.Y.

He is assigned to the firm’s Tax and International Tax practices. In the latter group, he specializes in ASC 740 and FIN 48 outsourcing and tax compliance consulting, as well as international tax planning and compliance assistance.

Ordering

CFP Credit

Certified Financial Planner (CFP) credit hours

CFP Processing $35.00


Recorded Event

Includes full event recording plus handouts (available after live webinar).

Note: Self-study CPE, RTRP, and EA credits are not offered on recorded events.

Recorded Webinar Download $49.00
Available three business days after the live event

How does this work?

Recorded Audio Download (MP3) $49.00
Available 24 hours after the live event

How does this work?

DVD (Slide Presentation with Audio) $49.00 plus $9.45 S&H
Available ten business days after the live event

CD (Audio with Slide PDFs) $49.00 plus $9.45 S&H
Available ten business days after the live event


On-Demand Seminar - Audio Recording

Includes streaming audio of full program plus handouts (available 24 hours after live program).

Note: Self-study CPE, RTRP, and EA credits are not offered on on-demand webinars.

On-Demand Seminar Audio $49.00
Available 24 hours after the live event

How does this work?

NASBA CPE Sponsor

National Registry of CPE Sponsors

Strafford Publications, Inc. 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 submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Program Materials

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Program Materials

Requires Adobe Reader 8 or later. Download Acrobat FREE.

or call 1-800-926-7926

CPE Credit

Strafford is a NASBA CPE sponsor and our live webinars qualify for CPE credits. They offer you a high quality, cost effective, and convenient CPE option, with no lost travel time or expenses.

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Customer Reviews

Excellent seminar! It was efficient and the important topics were covered at just the right pace; no time was wasted covering information that the participants already knew.

Rhonda G. Williams, CPA

Barraclough & Associates

I liked the concentration on specific issues and examples.

Edita Rimalovsky

Komisar Brady & Co.

I liked the fact that there was more than one person presenting the material. It's nice to hear multiple perspectives.

Matt Bristow

Cover & Rossiter

I appreciated the flow of the information offered and the ease at which I could follow the handouts.

Larry Bruck

WISS & Company

The conference was technical, informative and presented at a good pace.

Krystal Ching

KMH

or call 1-800-926-7926

Our Guarantee

Strafford webinars and teleconferences are backed by our 100% Unconditional Money-Back Guarantee: if you are not satisfied with any of our products, simply let us know and get a full refund. For more information regarding complaints and refunds, please contact us at 1-800-926-7926 ext 10.

or call 1-800-926-7926

CFP Credit

Strafford is registered with the Certified Financial Planner Board of Standards. The CFP board has granted 2 credits for this program.