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Final Section 263A Regulations

February 22, 2019 @ 2:00 pm - 3:00 pm EST

Free

Participants of the live webinar will be eligible for 1 free CPE credit.

Webcast Overview:

The final section 263A regulations released on November 19, 2018 address the treatment of “negative adjustments” in computing the amount of additional 263A costs that are allocated to ending inventory for federal tax purposes. The regulations also include broad new rules that define the types of direct costs that must be included in book inventory under the simplified methods. The IRS and Treasury have released Revenue Procedure 2018-56 which allows taxpayers to adopt the final regulations under Section 263A.

KPMG LLP (KPMG) is pleased to invite you to a TaxWatch Webcast that will discuss the final regulations under section 263A. Eric Lucas, James Atkinson, Jessica Blair Theilken, and Scott Vance from KPMG’s Washington National Tax practice will discuss:

  • Highlights of the final section 263A regulations
  • Implementation procedures and considerations for adopting final regulations
  • Discussion to practical approaches to the complexity added to inventory computations by the new rules.

Speakers:

Eric Lucas

Eric Lucas

Principal, Tax, KPMG (US)

James Atkinson

James Atkinson

Principal, Business Tax Services, KPMG (US)

Jessica Theilken

Jessica Theilken

Managing Director, Income Tax & Accounting, Washington National Tax, KPMG LLP (U.S.)

Scott Vance

Scott Vance

Principal, Tax, KPMG (US)

Details

Date:
February 22, 2019
Time:
2:00 pm - 3:00 pm
Cost:
Free
Event Category:
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Field of Study
Specialized Knowledge