New MACPA.org Launching 4/1! Stay tuned for a brand new online experience.

WEBCAST: Tax Accounting for Inventories

Description

Workpapers support the creation of a tax return. Firms must provide
proper data for their work, through accurate documentation of the
position taken on a return and by providing authoritative support for
it. This documentation not only impacts the preparer, but is required by
the IRS to complete a proper audit of the return. Topics Discussed •
Source of data for tax adjustments from books • Authority documentation
• Case studies – good and bad workpapers

Learning Objectives
  1. When you complete this webcast you will be able to:
  2. Explain the allowable inventory valuation methods for tax purposes and how to choose the most beneficial in various scenarios
  3. Estimate the tax value of ending inventory under the chosen method
  4. Calculate the resulting tax adjustment to book income as applicable
Major Topics
  1. Source of data for tax adjustments from books
  2. Authority documentation
  3. Case studies - good and bad workpapers
Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Accounting & Auditing
Tax
CPE Field of Study
Taxes
2
Who Should Attend

Tax professionals in public accounting: seniors, supervisors, and managers

Instructor(s)
William Harden
Prerequisites
Three to five years of tax experience.
Advanced Preparation
Location
Online
Event Information
When
Jun 1, 2016
3:00 pm - 5:00 pm EST
Location
Online
Total CPE Credits
2
Format
Webcast Replay

Register for this Event

WEBCAST: Tax Accounting for Inventories


Loading
Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now

×