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Deferred Income Taxes Webinar

CPE

When
Dec. 12
11:30 a.m. - 3:00 p.m.

CPE Credits
4-A&A

Details

 Pricing

PICPA Member: $129 | Nonmember: $179


 More Information

Course No.
4183466B
Level
Basic
Prerequisites
None.
Note

This webinar is hosted by PICPA's partner, The California Society of CPAs. After registering, you will receive an email from the California Society with the log-in information.

Description

  • Develop a practical approach for the application of the basic elements of income tax accounting under FASB codification 740.
  • We will dispel the myths surrounding deferred income taxes, and provide useful approaches and numerous computations.
  • Identify basic recurring transactions that result in book-tax differences for private companies, and how to accumulate the needed information to simplify the computations.
  • Recognize tax positions taken in tax returns and how those positions are to be evaluated for purposes of accruing the related tax benefits in the financial statements.

Highlights

  • Sample Schedule M calculations
  • Sample work papers for deferred tax computations
  • Comprehensive two year example and computations
  • Review and analysis of recurring temporary differences
  • Identification of the sources to compute “cumulative temporary differences”
  • Sample workpapers for analysis of tax positions


Speaker(s)

Eugene J. Ristaino, CPA/ABV/CFF, ABAR, MT
Retired Partner
Isdaner & Company LLC

Gene Ristaino is a retired partner of Isdaner & Company, LLC, a local firm of 65 people in Bala Cynwyd PA (Philadelphia area), and was the director of accounting, auditing and quality control for the firm. Gene managed a diversified accounting practice (over 40 years of experience) specializing in the construction and real estate industries. He currently provides consulting services for developers and contractors in cost certification and analysis, claim support and documentation, expert witness, business valuation and job cost system implementation and improvement.

Gene has provided expert testimony and/or issued expert reports in numerous litigation support engagements involving real estate transactions, construction claims, family disputes and embezzlement cases. He has provided expert testimony in two Court appearances. He has also prepared construction contract claims, back charge reports, and damage reports in dispute litigation and arbitration.

Gene's diversified accounting and auditing background includes a concentration in the governmental and not-for-profit auditing sectors, including HUD, Circular A-133 and the Single Audit, as well as experience with healthcare, manufacturing, transportation, retail and service organizations.

Gene is “Accredited in Business Valuation” (ABV) and “Certified in Financial Forensics” (CFF) as designated by the American Institute of Certified Public Accountants (AICPA). Gene has recently achieved his designation of “Accredited in Business Appraisal Review” (ABAR) from the National Association of Certified Valuators and Analysts (NACVA).  Valuation and/or litigation engagements include construction contractors; leisure transportation; travel and tour agencies; manufacturing; real estate investment limited partnerships and LLCs; specialty restaurants; and family limited partnerships. Cases have included dissenting stockholder disputes; buy/sell transaction prices; estate and gift tax issues; and owner disputes. Gene has attended the Business Valuation Course, and the Fair Value Forum developed by the AICPA, the national Valuation Conference presented by the AICPA, as well as many national Forensic and Valuation Programs presented by the National Association of Certified Valuators and Analysts (NACVA).

Gene has a Masters in Taxation (MT), concentrating in corporate taxation, with a specialization in the real estate and construction industries.

Gene is a national instructor for the American Institute of Certified Public Accountants (AICPA) and many state societies. He also lectures for many industry associations, and has authored numerous professional education programs, including several one-day seminars.

Gene is a member of the American and Pennsylvania Institutes of Certified Public Accountants, and currently serves on the Peer Review and A&A Procedures committees for the Pennsylvania Institute of Certified Public Accountants. Gene is a team captain for the AICPA Peer Review Program, and has performed numerous peer reviews under the AICPA Standards.

Gene is a former adjunct professor of tax law for the Masters in Taxation Programs for Villanova University and Philadelphia University. He received his undergraduate BS degree in accounting from Drexel University, and earned his Masters in Taxation from Villanova University.

Sept. 2016


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