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.
PICPA Member: $245
Nonmember: $345
Course No. 4192781E
Level: Intermediate
Prerequisites: Familiarity with preparing federal income tax returns for individuals or businesses.