Accounting for Income Taxes ASC 740: Business Combinations, Valuation Allowances, Recent Law Changes

Note: CLE credit is not offered on this program

A live 110-minute CPE video webinar with interactive Q&A

This program is included with the Strafford CPE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Tuesday, February 7, 2023 (in 3 days)

1:00pm-2:50pm EST, 10:00am-11:50am PST

or call 1-800-926-7926
Course Materials

This course will analyze various components of accounting for income taxes that can be traps for the unwary, including certain business combination issues, valuation allowance assessments, tax internal controls, along with implications of recent tax law changes and other areas of complexity.

Description

ASC 740 provides a methodology for recognizing current taxes payable and refundable and recording expected deferred tax obligations and refunds. Few areas of financial reporting are more complex. Continued tax law changes, as well as anticipated changes to income tax accounting disclosures and other updates from the FASB, this course will take a fresh look at these complex areas and their implications to income tax provision calculations.

Listen as our panel of accounting experts provides practical advice as well as hands-on examples of calculations and financial presentation of these continually revised tax provisions.

READ MORE

Outline

  1. Implications of recent US tax law changes
  2. Complexities in business combinations
  3. Valuation allowance considerations
  4. Tax accounting for investments in partnerships
  5. Tax internal control considerations
  6. Financial statement presentation and other FASB updates
  7. Best practices

Benefits

The panel will review these and other critical issues:

  • Accounting for certain credits included in the Inflation Reduction Act and CHIPs Act
  • Tax accounting for goodwill in a business combination
  • Valuation allowance issues in business combinations
  • Outside basis difference considerations for investments in partnerships
  • Tax internal control best practices

Faculty

Faas, Thomas
Thomas M. Faas

Managing Tax Director
BDO USA

Mr. Faas is a managing director in the Atlanta office of BDO and is part of the national tax advisory practice...  |  Read More

Newton, Daniel
Daniel Newton

Partner, National Tax Office
BDO USA

Mr. Newton is the ASC 740 Technical Practice Leader in BDO’s National Tax Office in addition to serving as a...  |  Read More

Attend on February 7

CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event. See NASBA details.

Cannot Attend February 7?

CPE credit is not available on downloads.

CPE On-Demand

See NASBA details.

Download