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Best Practices For Tax Income And Expense Recognition Webinar


Jan. 15
9:30 a.m. - 5:00 p.m.

CPE Credits



PICPA Member: $245 | Nonmember: $345

 More Information

Course No.
Familiarity with preparing federal income tax returns for individuals or businesses.


  • Identify and apply statutory provisions of the Internal Revenue Code regarding timing of income and expenditures, and policies underlying those rules.
  • Determine fundamental principles regarding cash receipts and disbursements methods of accounting.
  • Recognize fundamental principles of the accrual method of accounting.
  • Determine how the cash and accrual methods of accounting for tax purposes have grown toward each other over time.
  • Recognize tax timing planning opportunities and restrictions.
  • Identify the rules governing the use of accounting periods and methods by various taxpayers.


Gain an understanding of timing issues under federal income tax law by understanding how to maximize timing to benefit clients.

Review historical antecedents, including U.S. Supreme Court cases and federal tax rules regarding timing of income and expenditures; and learn how cash and accrual methods of accounting have grown toward mirroring each other for federal income tax purposes.

Also, study underutilized planning opportunities to defer income or facilitate tax reporting, and benefit from a "hands-on" approach to Code and Regulation sections, revenue procedures and court cases.  The course has been updated to reflect changes made by the 2018 Tax Cuts and Jobs Act.



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