Reporting income and expenses in the proper period can generate valuable cash savings and avoid potential conflict with the IRS. The IRS has released new guidance on the Tax Cuts and Jobs Act, CARES Act and Consolidated Appropriations Act that provides significant accounting method opportunities for taxpayers. Join us to learn more about recent developments in the area of accounting methods and periods, and learn what you should be doing to assure you are making the most of your revenue and expense recognition methods.
Discuss current trends, developments, guidance, and opportunities in the area of accounting methods.
Review the process and requirements for adopting and changing accounting methods.
Discuss actions necessary to comply with recent tax legislation and take advantage of available opportunities.
Presenter: Andrea Mouw, JD, CPA, Partner-in-Charge of Accounting Methods and Periods | Eide Bailly
Andrea has more than 13 years of experience providing tax consulting and advisory services to a wide range of clients. Her primary area of focus is accounting methods including income and expense recognition, inventory, capitalization and cost recovery. She also assists clients in filing accounting method change requests (Form 3115) and advises on a number of issues related to the TCJA including section 163(j), section 168(k) and small taxpayer accounting method opportunities as well as issues related to virtual currency and debt instruments and modifications.
CPE Information CPE Credit: 1 Field of Study: Taxes Level of Knowledge: Update Delivery Method: Group-Internet Based