ASC 740: Income Tax Accounting for 2015
Overview:
In this two-hour LIVE webcast, a panel of distinguished professionals and thought leaders will help Finance Executives, CPAs, Attorneys, Enrolled Agents, Tax Practitioners, and other related professionals understand the important aspects of this significant topic. They will provide an in-depth discussion of the significant issues related to tax accounting rules and latest developments in ASC 740. Speakers will also offer best practices in developing and implementing an effective income tax accounting strategies.Key topics include:
- Interim reporting
- When do you apply an applicable effective tax rate and when do you treat an item as discrete
- Ordinary income
- Intraperiod allocation
- APB 23 assertions
- Change in valuation allowances
- Disclosure
- Effective Tax Rate
- What is included
- Can your rate change during the year
- What if you can’t estimate
- Effect of operating loss
- State tax rates
- Nexus
- State tax base
- State apportionment
- Establishing the state tax rate
- Income verses non-income state tax
- State tax uncertain tax positions
- Accounting Updates
- Uncertain Tax Positions – Effectively Settled
- Section 382 Considerations for ASC 740
- Goodwill vs. Other Intangibles Assets – Assembled Workforce
- Purchase Accounting and the Section 338 election
Agenda:
Christina Immelman, Partner
WeiserMazars LLP
- Interim reporting
- When do you apply an applicable effective tax rate and when do you treat an item as discrete
- Ordinary income
- Intraperiod allocation
- APB 23 assertions
- Change in valuation allowances
- Disclosure
- Effective Tax Rate
- What is included
- Can your rate change during the year
- What if you can’t estimate
- Effect of operating loss
- State tax rates
- Nexus
- State tax base
- State apportionment
- Establishing the state tax rate
- Income verses non-income state tax
- State tax uncertain tax positions
Samuel C. DiSalvo , Tax Director
Freed Maxick CPAs, P.C.
- Accounting Updates
- Uncertain Tax Positions – Effectively Settled
- Section 382 Considerations for ASC 740
- Goodwill vs. Other Intangibles Assets – Assembled Workforce
- Purchase Accounting and the Section 338 election
Daniel J. Polatsek, Partner
Katten Muchin Rosenman LLP
- Safeguarding the attorney-client privilege during an internal investigation;
- Retention of third-parties in internal investigation and applicability of attorney-client privilege
- Limitations of the attorney-client privilege in an internal investigation within a regulatory environment;
Who Should Attend:
- CFOs
- Finance Executives
- Financial Planners and Executives
- CPAs
- Internal Audit
- Tax Attorneys
- Tax Consultants
- Tax Directors
- Tax Executive
- Tax Managers
- Tax Practitioners
- Enrolled Agents
- Other Related/Interested Professionals
Christina has more than 28 years of experience in corporate tax, both as a service provider and as an executive. …
Sam is a member of the Firm’s SEC practice. He concentrates his practice in tax planning and advisory services for …
Dan Polatsek is a partner in Katten Muchin Rosenman’s litigation and dispute resolution group . Dan concentrates his practice in …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Total Credits:
2.0 CLE
Login Instructions:
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SPEAKERS' FIRMS:
About WeiserMazars LLP
WeiserMazars LLP provides insight and specialized experience in accounting, tax and advisory services.
Since 1921, our skilled professionals have leveraged technical expertise and industry familiarity to create customized solutions to overcome client challenges.
As the independent U.S. member firm of Mazars Group – the 14th largest accounting organization in the world – we have a global reach of nearly 14,000 professionals in more than 70 countries.
Locally and internationally, we build lasting relationships with our clients by addressing their particular needs, creating value and optimizing their organizational performance.
For more information visit us at www.weisermazars.com
Website: https://www.weisermazars.com/
About Freed Maxick CPAs, P.C.
Freed Maxick CPAs, P.C. is one of the largest accounting and consulting firms in Upstate New York and a Top 100 largest CPA firm in the United States. Serving SEC companies, closely held businesses, governmental and not-for-profit clients across New York as well as nationally and internationally, Freed Maxick mobilizes high-performance professionals to guide client growth, compliance, security and innovation. They specialize in the healthcare, manufacturing, real estate, banking, agribusiness and private equity sectors and have more than 280 professional and administrative personnel, with offices in Buffalo, Batavia, Rochester and Syracuse, New York. Freed Maxick’s Tax Practice is the largest of any accounting firm in Upstate New York with over 110 personnel, including 12 tax directors. Freed has built a significant SEC Practice through years of experience auditing a wide variety of companies and has extensive knowledge in handling public and private capital transactions.
Website: https://www.freedmaxick.com
About Katten Muchin Rosenman LLP
Katten Muchin Rosenman provides full-service legal advice from locations across the United States and in London and Shanghai. Katten's nationally recognized practices include white collar criminal defense and government investigations, corporate, financial services, corporate litigation, real estate, environmental, commercial finance, insolvency and restructuring, intellectual property, and trusts and estates. Katten's approximately 650 attorneys serve public and private companies, including a third of the Fortune 100, as well as a number of government and nonprofit organizations and individuals.
Website: https://www.kattenlaw.com/