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Tax Accounting for Inventories (11W453-16)

Description

This course details methods of valuing inventory, including special
rules for dealing with LIFO inventory. Effect of shrinkage and market
will also be discussed and participants will learn about proposals to
prohibit LCM and subnormal goods methods that include wash-sale goods.

Learning Objectives
  1. Explain the allowable inventory valuation methods for tax purposes and how to choose the most beneficial in various scenarios Estimate the tax value of ending inventory under the chosen method Calculate the resulting tax adjustment to book income as applicable
Major Topics
  1. 263A 2
  2. 0 FIFO, LIFO, average Lower of cost or market
Provider
AICPA
Course Level
Intermediate
CPE Field of Study
Taxes
2
Instructor(s)
William Harden
Prerequisites
Three to five years of tax experience.
Location
Online
Event Information
When
Aug 3, 2016
1:00 pm - 3:00 pm EST
Location
Online
Total CPE Credits
2
Format
Webcast Replay

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Tax Accounting for Inventories (11W453-16)

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