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 CPE 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.


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.


  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


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.


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.


On-Demand Seminar - Audio Recording

Includes recorded streaming audio of full program plus PDF handouts.

Note: Self-study CPE and EA credits are not offered on this On-Demand webinar.

On-Demand Seminar Audio $69.00

How does this work?

Recorded Event

Includes full event recording plus handouts.

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

Recorded Webinar Download $69.00

How does this work?

Recorded Audio Download (MP3) $69.00

How does this work?


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Program Materials

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Program Materials

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Customer Reviews

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

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 purchased the conference a few minutes after it began and the customer service rep was very helpful and got me signed up and logged into the conference very quickly.

Joanna Johnston

Savas Greene & Company

I loved the tools and handouts. Every CPE class should offer these kind of tools.

Jackie Meyer

Sample and Bailey

I liked the concentration on specific issues and examples.

Edita Rimalovsky

Komisar Brady & Co.

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CFP Credit

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