HomeWebcastUnderstanding Financial Reporting for Taxes in 2011
 CLE

Understanding Financial Reporting for Taxes in 2011

Live Webcast Date: Thursday, January 13, 2011 from 3:00 pm to 5:00 pm (ET)
Legal (CLE)Recording
Recording for this event is not available.

Join us for this Knowledge Group Webinar. This LIVE, 2-hour webcast organized by The Knowledge Group is aimed at providing a comprehensive discussion of financial reporting for taxes. A panel of distinguished speakers and thought leaders will roll up their sleeves and present an in-depth analysis of the most significant financial reporting standards. 

The audience will have an opportunity to ask questions directly to the speakers during the live Q&A session. Sign up for this class by clicking the “Register” button below. Advanced registration is recommended as space is limited. Significant discounts apply for early registration. 

Agenda

Michael J. Desmond, Partner
Bingham McCutchen LLP

- Measuring Uncertain Tax Positions
- Disclosure of Uncertain Tax Positions on Schedule UTP
- Privilege & Concise Description Concerns for Schedule UTP
- IRS Requests for Tax Accrual Workpapers


Mark Reis, Partner, Financial Services Group
Moss Adams LLP

ASC 740 – General Overview
ASC 740 – Uncertain Tax Positions (and differences between IRS Schedule UTP)
ASC 740 – Valuation Allowance Considerations


Karen Stone, Partner
BDO USA, LLP

- SC 740 - Uncertain Tax Positions and new Accounting for Deferred Tax in a Business
   Combination - overlapping requirements 
- Accounting for Deferred Tax in a Business Combination -- transaction costs 
- Accounting for Deferred Tax in a Business Combination -- understanding the measurement period requirement


Who Should Attend

- Chief Accountants 
- Group Finance Directors
- Heads Of Finance
- Finance Managers
- Financial Controllers
- Accountants
- Management Accountants
- Executive Director Of Finance
- Managers Of Financial Accounts
- Heads Of Accounting
- Financial Analysts
- Auditors

Michael J. Desmond, Partner
Bingham McCutchen LLP

- Measuring Uncertain Tax Positions
- Disclosure of Uncertain Tax Positions on Schedule UTP
- Privilege & Concise Description Concerns for Schedule UTP
- IRS Requests for Tax Accrual Workpapers


Mark Reis, Partner, Financial Services Group
Moss Adams LLP

ASC 740 – General Overview
ASC 740 – Uncertain Tax Positions (and differences between IRS Schedule UTP)
ASC 740 – Valuation Allowance Considerations


Karen Stone, Partner
BDO USA, LLP

- SC 740 - Uncertain Tax Positions and new Accounting for Deferred Tax in a Business
   Combination - overlapping requirements 
- Accounting for Deferred Tax in a Business Combination -- transaction costs 
- Accounting for Deferred Tax in a Business Combination -- understanding the measurement period requirement


Michael J. DesmondPartnerBingham McCutchen LLP

Mike Desmond concentrates his practice on federal tax controversies, administrative dispute resolution and tax policy counseling, representing a broad range of clients engaged in or seeking to avoid disputes with the IRS. He served as tax legislative counsel in the U.S. Department of Treasury from 2005 to 2008, where he supervised a staff of lawyers and accountants that developed administrative guidance and provided the assistant secretary (tax policy) with legal advice and analysis on a broad range of issues relating to the domestic federal tax law. He also served as a spokesperson for the Treasury Department before the congressional tax-writing committees, testifying before Congress on a number of occasions on a wide range of federal tax issues.

Mike has been ranked by Chambers USA as one of the country's leading practitioners in the field of taxation. A frequent speaker on tax policy and controversy matters, he has addressed audiences at many industry conferences and seminars. Mike has also been quoted in a number of industry publications and recently co-authored "Practical Considerations in Preparing for the Impending Schedule UTP Filing Requirement" in the Tax Executive. He is an active member of the ABA Section of Taxation, the Taxation Section of the D.C. Bar, the Tax Section of the New York State Bar Association and the Taxation of Business Entities Committee of the City Bar of New York. He also serves as an adjunct professor of law at Georgetown University Law Center. In 2010, Mike was elected as a fellow of the American College of Tax Counsel. 

Mark ReisPartner, Financial Services GroupMoss Adams LLP

Mark has over 24 years experience in both public accounting and private industry. Mark has extensive experience in federal and state corporate tax issues. He provides tax planning and compliance services to a wide range of businesses, including assisting clients with equity compensation issues, mergers and acquisitions, audit defense, accounting methods, and accounting for income taxes. Mark leads the firm’s tax practice for the Financial Services Group and is on the advisory board of the Bank Tax Institute. He is also a member of the Washington Society of Certified Public Accountants and the American Institute of Certified Public Accountants. 

Karen StonePartnerBDO USA, LLP

Karen leads BDO's tax practice in the Nashville office. During a career encompassing more than 20 years, she has extensive experience in all areas of taxation for entities ranging from closely-held to large publicly traded companies as well as high wealth individuals. 

As a member of the Firm's national accounting for income tax team, Karen leads training for BDO assurance and tax professionals throughout the country on new and emerging tax issues. 

Karen regularly manages IRS and state tax examinations and settlement of tax controversy matters for her clients.

PROFESSIONAL AFFILIATIONS
- American Institute of Certified Public Accountants
- National Association of Real Estate Investment Trusts
- Tennessee Society of Certified Public Accountants
- Tennessee Association for Corporate Growth
- Nashville Healthcare Council

EDUCATION
- MPA and B.S., Accounting, Louisiana Tech University 


Click Here to Read Additional Material

Course Level:
   Intermediate

Advance Preparation:
   Print and review course materials

Method Of Presentation:
   On-demand Webcast

Prerequisite:
   NONE

Course Code:
   104060

Total Credits:
    2.0 CLE

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About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

Mike Desmond concentrates his practice on federal tax controversies, administrative dispute resolution and tax policy counseling, representing a broad range of clients engaged in or seeking to avoid disputes with the IRS. He served as tax legislative counsel in the U.S. Department of Treasury from 2005 to 2008, where he supervised a staff of lawyers and accountants that developed administrative guidance and provided the assistant secretary (tax policy) with legal advice and analysis on a broad range of issues relating to the domestic federal tax law. He also served as a spokesperson for the Treasury Department before the congressional tax-writing committees, testifying before Congress on a number of occasions on a wide range of federal tax issues.

Mike has been ranked by Chambers USA as one of the country's leading practitioners in the field of taxation. A frequent speaker on tax policy and controversy matters, he has addressed audiences at many industry conferences and seminars. Mike has also been quoted in a number of industry publications and recently co-authored "Practical Considerations in Preparing for the Impending Schedule UTP Filing Requirement" in the Tax Executive. He is an active member of the ABA Section of Taxation, the Taxation Section of the D.C. Bar, the Tax Section of the New York State Bar Association and the Taxation of Business Entities Committee of the City Bar of New York. He also serves as an adjunct professor of law at Georgetown University Law Center. In 2010, Mike was elected as a fellow of the American College of Tax Counsel. 

Mark has over 24 years experience in both public accounting and private industry. Mark has extensive experience in federal and state corporate tax issues. He provides tax planning and compliance services to a wide range of businesses, including assisting clients with equity compensation issues, mergers and acquisitions, audit defense, accounting methods, and accounting for income taxes. Mark leads the firm’s tax practice for the Financial Services Group and is on the advisory board of the Bank Tax Institute. He is also a member of the Washington Society of Certified Public Accountants and the American Institute of Certified Public Accountants. 

Karen leads BDO's tax practice in the Nashville office. During a career encompassing more than 20 years, she has extensive experience in all areas of taxation for entities ranging from closely-held to large publicly traded companies as well as high wealth individuals. 

As a member of the Firm's national accounting for income tax team, Karen leads training for BDO assurance and tax professionals throughout the country on new and emerging tax issues. 

Karen regularly manages IRS and state tax examinations and settlement of tax controversy matters for her clients.

PROFESSIONAL AFFILIATIONS
- American Institute of Certified Public Accountants
- National Association of Real Estate Investment Trusts
- Tennessee Society of Certified Public Accountants
- Tennessee Association for Corporate Growth
- Nashville Healthcare Council

EDUCATION
- MPA and B.S., Accounting, Louisiana Tech University 

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