Purchase Course

Advanced Accounting for Income Taxes   

16

Estimated CPE
Tuition
$1,995.00
Course Number
19-IL-345-EE
Course Leader
Dan Gode
Hotel / Venue Details
View Details
16

Estimated CPE
Tuition
$1,995.00
Course Number
19-IL-345-EE
Course Leader
Dan Gode
Hotel / Venue Details
View Details

Course Details

Accounting for income taxes is challenging even for accounting and tax experts. This advanced two-day seminar covers complex aspects of ASC 740 by building upon our intermediate level seminar Accounting for Income Taxes. For example, the intermediate seminar only covers acquisitions with no tax-deductible goodwill, while this seminar covers tax-deductible goodwill, 338 elections, contingent consideration, transaction costs, and measurement period adjustments. A full list of topics is provided below. We endeavor to go beyond merely describing the technical requirements; we explain the rationale and the consequences of these standards as well as using clear examples with detailed journal entries.

The seminar has been updated to cover the Tax Cuts and Jobs Act (TCJA).

Course Agenda

  • Intraperiod tax allocations: Discontinued operations; Other comprehensive income; treatment of dangling OCI items after tax rate changes; Items that go directly to paid-in capital
  • Unrecognized tax benefits: Accrual of interest, UTBs that result in adjustments to NOLs, interaction with state taxes
  • Valuation allowance: Interaction with business combinations, share-based compensation, discrete items, and intraperiod tax allocation
  • Interim allocations: Out of period adjustments due to release of valuation allowance, unusual or infrequently occurring items, effect of rate changes
  • Acquisitions with tax-deductible goodwill, Section 338 elections, contingent consideration, transaction costs, measurement period adjustments
  • Share-based compensation: 162(m) issues, 83(b) elections, 409A issues, disqualifying dispositions, acquired share-based compensation
  • Foreign operations: Remeasurements, translations, repatriation
  • Intra-entity transactions: Change in basis
  • Equity investments, joint ventures, non-controlling interest
  • Intercorporate tax allocations: Separate-return method versus benefit-for-loss method

Course Leaders

Dan Gode, Co-founder, Almaris Consulting and Training 
This course is co-presented by a KPMG Partner with specialized knowledge in the subject matter. <br>

Keywords: ASC 740, FAS 109, FIN 48, Deferred Taxes, Intraperiod and Interim Tax Allocations, Taxable and Non-Taxable Acquisitions, Section 338 Elections, Component 1 and Component 2 Goodwill, Valuation Allowance, Unrecognized Tax Benefits, Share-Based Compensation, Business Combinations, Equity Investments, Foreign Taxes, Intercorporate Tax Allocations, Accounting

Other Details

Special Notice/Instruction: NASBA Delivery Method: Group Live
Prerequisite: This seminar assumes that you have mastered the material in our intermediate level Accounting for Income Taxes seminar. Please read the descriptions for both seminars to choose which one (or both) is best for you. Many participants take both seminars.
Preparation: Accounting for Income Taxes or equivalent
Level of Knowledge: Advanced
Field of Study: Accounting
Delivery Method: Seminar
New York, New York
12/5 - 12/6/2019
San Francisco, California
12/19 - 12/20/2019

Accounting for income taxes is challenging even for accounting and tax experts. This advanced two-day seminar covers complex aspects of ASC 740 by building upon our intermediate level seminar Accounting for Income Taxes. For example, the intermediate seminar only covers acquisitions with no tax-deductible goodwill, while this seminar covers tax-deductible goodwill, 338 elections, contingent consideration, transaction costs, and measurement period adjustments. A full list of topics is provided below. We endeavor to go beyond merely describing the technical requirements; we explain the rationale and the consequences of these standards as well as using clear examples with detailed journal entries.

The seminar has been updated to cover the Tax Cuts and Jobs Act (TCJA).

Course Agenda

  • Intraperiod tax allocations: Discontinued operations; Other comprehensive income; treatment of dangling OCI items after tax rate changes; Items that go directly to paid-in capital
  • Unrecognized tax benefits: Accrual of interest, UTBs that result in adjustments to NOLs, interaction with state taxes
  • Valuation allowance: Interaction with business combinations, share-based compensation, discrete items, and intraperiod tax allocation
  • Interim allocations: Out of period adjustments due to release of valuation allowance, unusual or infrequently occurring items, effect of rate changes
  • Acquisitions with tax-deductible goodwill, Section 338 elections, contingent consideration, transaction costs, measurement period adjustments
  • Share-based compensation: 162(m) issues, 83(b) elections, 409A issues, disqualifying dispositions, acquired share-based compensation
  • Foreign operations: Remeasurements, translations, repatriation
  • Intra-entity transactions: Change in basis
  • Equity investments, joint ventures, non-controlling interest
  • Intercorporate tax allocations: Separate-return method versus benefit-for-loss method

Course Leaders

Dan Gode, Co-founder, Almaris Consulting and Training 
This course is co-presented by a KPMG Partner with specialized knowledge in the subject matter. <br>

Keywords: ASC 740, FAS 109, FIN 48, Deferred Taxes, Intraperiod and Interim Tax Allocations, Taxable and Non-Taxable Acquisitions, Section 338 Elections, Component 1 and Component 2 Goodwill, Valuation Allowance, Unrecognized Tax Benefits, Share-Based Compensation, Business Combinations, Equity Investments, Foreign Taxes, Intercorporate Tax Allocations, Accounting

Special Notice/Instruction: NASBA Delivery Method: Group Live
Prerequisite: This seminar assumes that you have mastered the material in our intermediate level Accounting for Income Taxes seminar. Please read the descriptions for both seminars to choose which one (or both) is best for you. Many participants take both seminars.
Preparation: Accounting for Income Taxes or equivalent
Level of Knowledge: Advanced
Field of Study: Accounting
Delivery Method: Seminar

Seminar Brochure

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Locations / Dates


New York, New York
12/5 - 12/6/2019
San Francisco, California
12/19 - 12/20/2019


Seminar Brochure

Click to view, download, print